Woodward County, Oklahoma Housing Market
In Woodward County, Oklahoma, the median home value is $169,000, with a median monthly rent of $838. This places Woodward County at #1823 nationally out of 3134 counties by median home value, and #21 within Oklahoma.
📈 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: $1,137
- Establishments: 736
- BLS QCEW, 2025
Housing Supply
- Single-family: 6
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,935 (avg $59,865)
- Outflow: 6,503 (avg $60,699)
- IRS Statistics of Income
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| Metric | Woodward County | Oklahoma Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $169,000 | $152,012 | $227,706 |
| Median Gross Rent | $838 | $839 | $968 |
| Owner Occupancy Rate | 73.2% | 72.3% | 73.3% |
| Price/Rent Ratio | 16.8 | 14.9 | 18.7 |
Market Analysis
The median home value in Woodward County is 11.2% above the Oklahoma state average and 25.8% below the U.S. national average. The median rent of $838/month is about equal to the state average.
With a price-to-rent ratio of 16.8, the buy-vs-rent decision in Woodward County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Woodward County has an owner-occupancy rate of 73.2%, 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 |
|---|---|---|---|
| Otero County | Colorado | $168,900 | $839 |
| Big Stone County | Minnesota | $169,100 | $745 |
| Liberty County | Montana | $169,100 | $710 |
| Highland County | Ohio | $168,900 | $780 |
| Meriwether County | Georgia | $168,800 | $920 |
Other Counties in Oklahoma
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Carter County | $168,500 | $980 | 66.8% |
| Cherokee County | $168,500 | $831 | 65.7% |
| Love County | $171,000 | $939 | 73.0% |
| Lincoln County | $166,500 | $794 | 80.3% |
| Pottawatomie County | $165,400 | $894 | 70.4% |
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).