Nowata County, Oklahoma Housing Market
In Nowata County, Oklahoma, the median home value is $137,800, with a median monthly rent of $811. This places Nowata County at #2395 nationally out of 3134 counties by median home value, and #47 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: $901
- Establishments: 169
- BLS QCEW, 2025
Housing Supply
- Single-family: 26
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,478 (avg $50,636)
- Outflow: 3,320 (avg $51,347)
- IRS Statistics of Income
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| Metric | Nowata County | Oklahoma Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $137,800 | $152,012 | $227,706 |
| Median Gross Rent | $811 | $839 | $968 |
| Owner Occupancy Rate | 73.5% | 72.3% | 73.3% |
| Price/Rent Ratio | 14.2 | 14.9 | 18.7 |
Market Analysis
The median home value in Nowata County is 9.3% below the Oklahoma state average and 39.5% below the U.S. national average. The median rent of $811/month is 3.3% below the state average.
With a price-to-rent ratio of 14.2, buying a home in Nowata 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.
Nowata County has an owner-occupancy rate of 73.5%, compared to 72.3% in Oklahoma and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Iroquois County | Illinois | $137,800 | $799 |
| Knox County | Indiana | $137,700 | $796 |
| Steuben County | New York | $137,900 | $894 |
| Chenango County | New York | $137,900 | $875 |
| Scioto County | Ohio | $137,900 | $742 |
Other Counties in Oklahoma
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Haskell County | $138,800 | $770 | 78.3% |
| Sequoyah County | $139,400 | $811 | 70.8% |
| Woods County | $139,600 | $850 | 65.3% |
| Le Flore County | $135,700 | $798 | 72.8% |
| Dewey County | $133,600 | $912 | 76.4% |
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).