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Oklahoma Real Estate Market Trends 2026

225000

Median Price
Vacancy Rate %

8.5

Population

4019800

Population Growth %

0.3

Home Price YoY % Change

3

Average Cap Rate %

7.8

Rent Yoy % Growth

3.5

Median Rent

850

Market Overview

Oklahoma's real estate market in 2026 features a median home price of $225,000, reflecting a +3% year-over-year change. The rental market shows rising rents with a median one-bedroom at $850/month and two-bedroom at $1,020/month (+3.5% YoY). With a population of 4.0M that is steadily growing, Oklahoma represents a affordable market with steady rental demand. The vacancy rate of 8.5% is above the national average (national: 7.2%). Top investment cities include Oklahoma City, Tulsa, Norman, Broken Arrow, Edmond. Oklahoma is considered landlord-friendly in terms of rental regulations.

Top Investment Cities

Oklahoma City, Tulsa, Norman, Broken Arrow, Edmond

Investment Outlook

Oklahoma offers compelling investment opportunities with an average cap rate of 7.8%. The affordable entry points combined with steady rental demand create favorable cash flow potential for buy-and-hold investors. While population growth is modest, the affordable price-to-rent ratio supports strong yields. Focus on Oklahoma City, Tulsa, Norman for the best risk-adjusted returns.

Key Takeaways for 2026

Median home price: $225,000 (+3% YoY)
Average rent: $850-$1020/mo
Cap rate: 7.8%
Vacancy: 8.5%
Population growth: +0.3%
Demand: Moderate
Regulation: Landlord-Friendly

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