Latimer County, Oklahoma Housing Market
In Latimer County, Oklahoma, the median home value is $107,900, with a median monthly rent of $646. This places Latimer County at #2821 nationally out of 3134 counties by median home value, and #67 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: $934
- Establishments: 165
- BLS QCEW, 2025
Housing Supply
- Single-family: 2
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,709 (avg $46,861)
- Outflow: 3,356 (avg $46,572)
- IRS Statistics of Income
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| Metric | Latimer County | Oklahoma Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $107,900 | $152,012 | $227,706 |
| Median Gross Rent | $646 | $839 | $968 |
| Owner Occupancy Rate | 72.4% | 72.3% | 73.3% |
| Price/Rent Ratio | 13.9 | 14.9 | 18.7 |
Market Analysis
The median home value in Latimer County is 29.0% below the Oklahoma state average and 52.6% below the U.S. national average. The median rent of $646/month is 23.0% below the state average.
With a price-to-rent ratio of 13.9, buying a home in Latimer 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.
Latimer County has an owner-occupancy rate of 72.4%, 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 |
|---|---|---|---|
| Wetzel County | West Virginia | $107,900 | $688 |
| Lincoln County | Arkansas | $108,000 | $744 |
| White County | Illinois | $108,100 | $719 |
| Frio County | Texas | $107,700 | $1,016 |
| Allen County | Kansas | $107,600 | $720 |
Other Counties in Oklahoma
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Greer County | $109,100 | $681 | 78.0% |
| Grant County | $105,700 | $853 | 76.3% |
| Hughes County | $102,000 | $660 | 74.1% |
| Cotton County | $113,900 | $772 | 80.3% |
| Alfalfa County | $101,500 | $705 | 77.5% |
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).