In short
The median value of owner-occupied homes in the city of Oklahoma City is $259,300, according to the Census Bureau’s 2024 American Community Survey. The City offers down payment help of up to $18,000 to households at or below 80% of area median income, according to its homebuyer page. Oklahoma County homestead applications are due March 15, according to the County Assessor.
How much homes cost in Oklahoma City
The Census Bureau’s American Community Survey (ACS) asks owners how much they think their home would sell for. The median of those answers is a useful benchmark, but it is not a sale price: it covers every owner-occupied home, including homes bought long ago. Our page on Oklahoma home prices explains the method in detail.
| Area | Median value, 2024 (ACS) | Margin of error (90%) |
|---|---|---|
| City of Oklahoma City | $259,300 | ±$6,483 |
| Oklahoma County | $244,000 | ±$5,228 |
| Oklahoma City metro area | $253,200 | ±$4,584 |
| Oklahoma | $222,100 | ±$2,147 |
| United States | $360,600 | ±$618 |
Source: U.S. Census Bureau, ACS 1-Year Estimates 2024, table B25077. The 2025 estimates are scheduled for October 29, 2026.
Are Oklahoma City prices rising?
The Federal Housing Finance Agency (FHFA) tracks repeat sales of the same single-family homes. Its purchase-only, seasonally adjusted index for the Oklahoma City metro area, published August 25, 2026, shows:
| Area | 1-year change (Q2 2025 to Q2 2026) | 5-year change (Q2 2021 to Q2 2026) |
|---|---|---|
| Oklahoma City metro area | +2.5% | +28.4% |
| Oklahoma | +2.0% | +32.1% |
| United States | +2.1% | +33.4% |
Source: FHFA House Price Index, quarterly purchase-only files. Changes calculated by Payotte from the published index values.
Prices in the Oklahoma City area rose slightly faster than the nation over the past year, but more slowly over five years.
Property tax in Oklahoma County
The Oklahoma County Assessor states that real property is assessed at 11% of market value. Homestead exemption applications are due March 15, and assessment notices are typically mailed in February, March and April. A valuation complaint must be filed on or before the first Monday in April.
The Oklahoma County Treasurer says taxes may be paid in full or in two installments. The full amount or the first half must be paid by December 31; the second half is due March 31. If nothing is paid by December 31, the full amount becomes delinquent on January 1, with interest of 18% a year added monthly. Neither county page we read lists a millage rate for Oklahoma City, so check your tax bill or ask the Assessor at 405-713-1200. Our Oklahoma property tax guide explains the exemptions and appeals. To see how property tax is paid through your monthly mortgage payment, read our guide to escrow accounts.
Help with a down payment
The City of Oklahoma City uses federal HOME funds to give income-eligible buyers a forgivable loan for the down payment and closing costs, up to $18,000, plus $5,000 reserved for an interest rate buydown. The City’s income limit is $78,150 for a household of four. The home must be inside the program boundaries and cannot be in a FEMA 100-year flood zone. The City’s page says there is no first-time buyer requirement and that the required homebuyer class is free.
The Oklahoma Housing Finance Agency (OHFA) also offers assistance of up to 3.5% of the loan to buyers with a middle credit score of 640 or higher. The full rules, income tables and a comparison are in our guide to first-time buyer programs in Oklahoma.
Transfer tax and closing costs
For the tax and fees due at closing, see our pages on transfer tax in Oklahoma and closing costs in Oklahoma.
Oklahoma guides for Oklahoma City buyers
- Closing costs in Oklahoma
- Transfer tax in Oklahoma
- Property tax in Oklahoma
- Seller disclosure in Oklahoma
- Do you need a real estate attorney in Oklahoma?
- Foreclosure in Oklahoma
- Home prices in Oklahoma
- First-time buyer programs in Oklahoma
- How to verify a license in Oklahoma
- The steps of buying a home
Frequently asked questions
What is the median home price in Oklahoma City?
The Census Bureau’s 2024 American Community Survey puts the median value of owner-occupied homes in the city of Oklahoma City at $259,300 (±$6,483). This is what owners think their home is worth, not the median sale price of recent sales.
Are home prices in Oklahoma City going up?
According to the FHFA purchase-only index, prices in the Oklahoma City metro area rose 2.5% between the second quarter of 2025 and the second quarter of 2026, and 28.4% over five years.
Does Oklahoma City offer down payment assistance?
Yes. The City offers a forgivable loan of up to $18,000, plus $5,000 for an interest rate buydown, to households at or below 80% of area median income, for homes inside the program boundaries. OHFA offers separate help of up to 3.5% of the loan.
When are property taxes due in Oklahoma County?
The Oklahoma County Treasurer says the full amount or the first half is due by December 31, and the second half by March 31. Unpaid taxes become delinquent on January 1.
How do I apply for the homestead exemption in Oklahoma County?
The Oklahoma County Assessor says homestead applications are due March 15. Contact the Assessor’s office for the form and the documents it requires.
More Oklahoma guides
- Closing costs in Oklahoma: what buyers and sellers pay
- Oklahoma transfer tax: $0.75 per $500, who pays and exemptions
- Oklahoma property tax: rates, homestead exemption and appeals
- Seller disclosure in Oklahoma: the required form and rules
- Do you need a real estate attorney to close in Oklahoma?
- Foreclosure process in Oklahoma: steps, notices and deadlines
- Home prices in Oklahoma and Oklahoma City: median value
- First-time home buyer programs in Oklahoma: OHFA and OKC aid
- How to verify a real estate license in Oklahoma
Sources
- Table B25077, Median Value (Dollars), ACS 1-Year Estimates 2024 (U.S. Census Bureau) (consulted October 13, 2026)
- 2025 ACS Data Release Schedule (U.S. Census Bureau) (consulted October 13, 2026)
- U.S. House Prices Rise 2.1 Percent Year over Year, Up 0.3 Percent Quarter over Quarter (FHFA, August 25, 2026) (consulted October 13, 2026)
- FHFA House Price Index datasets, quarterly purchase-only indexes (state, metro) (consulted October 13, 2026)
- Oklahoma County Assessor (consulted October 13, 2026)
- Oklahoma County Treasurer (consulted October 13, 2026)
- Homebuyer Assistance (City of Oklahoma City) (consulted October 13, 2026)
- City Down Payment Assistance (DPA) Program Guidelines, 2025 (City of Oklahoma City) (consulted October 13, 2026)
- DPA Program Requirements (Oklahoma Housing Finance Agency) (consulted October 13, 2026)