A new housing study found that Oklahoma City home prices have increased nearly 76% over the past decade, with median prices rising from about $117,000 in 2016 to more than $206,000 today. While incomes have also grown, home values have outpaced earnings, making affordability more challenging for buyers.
Even with some recent market cooling, higher mortgage rates and limited inventory continue to keep pressure on housing costs. For landlords and investors, the report is another sign that Oklahoma City remains one of the stronger long-term housing markets in the region.