Harmon County, Oklahoma Housing Market
In Harmon County, Oklahoma, the median home value is $79,700, with a median monthly rent of $694. This places Harmon County at #3088 nationally out of 3134 counties by median home value, and #77 within Oklahoma.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $907
- Establishments: 54
- BLS QCEW, 2025
Migration Patterns
- Inflow: 704 (avg $48,567)
- Outflow: 704 (avg $48,567)
- IRS Statistics of Income
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| Metric | Harmon County | Oklahoma Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $79,700 | $152,012 | $227,706 |
| Median Gross Rent | $694 | $839 | $968 |
| Owner Occupancy Rate | 69.7% | 72.3% | 73.3% |
| Price/Rent Ratio | 9.6 | 14.9 | 18.7 |
Market Analysis
The median home value in Harmon County is 47.6% below the Oklahoma state average and 65.0% below the U.S. national average. The median rent of $694/month is 17.3% below the state average.
With a price-to-rent ratio of 9.6, buying a home in Harmon County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Harmon County has an owner-occupancy rate of 69.7%, compared to 72.3% in Oklahoma and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Tillman County | Oklahoma | $79,800 | $733 |
| Pawnee County | Nebraska | $79,400 | $706 |
| Owsley County | Kentucky | $80,100 | $448 |
| Culberson County | Texas | $79,300 | $1,043 |
| Fulton County | Kentucky | $79,100 | $570 |
Other Counties in Oklahoma
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Tillman County | $79,800 | $733 | 72.8% |
| Jefferson County | $82,500 | $647 | 70.9% |
| Kiowa County | $96,100 | $780 | 69.7% |
| Cimarron County | $98,600 | $718 | 78.4% |
| Harper County | $99,200 | $828 | 83.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).