Kay County, Oklahoma Housing Market
In Kay County, Oklahoma, the median home value is $124,700, with a median monthly rent of $842. This places Kay County at #2552 nationally out of 3134 counties by median home value, and #55 within Oklahoma.
How is this calculated?
Composite of 4 axes: Affordability (30%), Stability (25%), Momentum (25%), Vitality (20%), each normalized as a percentile rank across 3134 U.S. counties. Editorial rating only — not investment advice or a property valuation.
Market Phase classifies the current state of the market based on 5-year price growth and recent FHFA momentum: 🔥 Boom · 📈 Growth · ⚖️ Stable · ❄️ Cooling · 🌱 Recovering. This is a present-state classification, not a forecast.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,027
- Establishments: 1,083
- BLS QCEW, 2025
Housing Supply
- Single-family: 23
- Multi-family: 6
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 16,097 (avg $67,616)
- Outflow: 15,141 (avg $68,863)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Kay County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 74604 | 198.8 | +0.51% | 2025 |
| 2 | 74601 | 202.0 | +0.42% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Kay County Compares
| Metric | Kay County | Oklahoma Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $124,700 | $152,012 | $227,706 |
| Median Gross Rent | $842 | $839 | $968 |
| Owner Occupancy Rate | 69.2% | 72.3% | 73.3% |
| Price/Rent Ratio | 12.3 | 14.9 | 18.7 |
Market Analysis
The median home value in Kay County is 18.0% below the Oklahoma state average and 45.2% below the U.S. national average. The median rent of $842/month is about equal to the state average.
With a price-to-rent ratio of 12.3, buying a home in Kay 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.
Kay County has an owner-occupancy rate of 69.2%, 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 |
|---|---|---|---|
| Evangeline Parish | Louisiana | $124,600 | $681 |
| Winston County | Mississippi | $124,600 | $721 |
| Hansford County | Texas | $124,800 | $939 |
| Scott County | Tennessee | $124,900 | $686 |
| Green County | Kentucky | $125,000 | $610 |
Other Counties in Oklahoma
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Ottawa County | $123,300 | $788 | 67.5% |
| Choctaw County | $126,500 | $690 | 65.8% |
| Blaine County | $126,900 | $852 | 73.4% |
| Okmulgee County | $121,200 | $834 | 70.1% |
| Beaver County | $130,100 | $790 | 80.9% |
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 2026-10-15. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).