Home Value Trail

Metro areas › Oklahoma City, OK

Metropolitan area

Oklahoma City, OK

Oklahoma · 7 counties · 1,512,813 residents (2025 est.)

FHFA quarterly index through 2026 Q2Annual index 1975–2025Permits through August 2026
FHFA house price index for Oklahoma City, OK, quarterly from 1977 to 2026 Q2, with the national index rebased to the same start and NBER recessions shadedRecession 1980Recession 1981–82Recession 1990–91Recession 2001Recession 2007–09Recession 2020020040060019801990200020102020United States2026: 347
Oklahoma City (100 = first year)United States, rebased to the same startNBER recession

FHFA notes: The FHFA HPI is a broad measure of the movement of single-family house prices. The FHFA HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. The line above is FHFA's standard quarterly all-transactions index for the metropolitan area; the comparison table below uses FHFA's annual CBSA index, which FHFA describes as developmental. The index does not give a dollar value for any home.

Oklahoma City, OK is a metropolitan statistical area of 7 counties and about 1,513,000 residents. FHFA's annual index for it begins in 1975 and has risen +629.0% through 2025.

The standard quarterly index for the area, published through 2026 Q2, is +2.4% on a year earlier and +1.1% on the previous quarter.

Over the ten years to 2025 the annual index rose +70.9% (+5.5% a year), close to Oklahoma at +71.1% and below the national +85.0%.

Across its counties, 8,303 housing units were authorised in the 12 months to August 2026, 5.5 per 1,000 residents, +6.2% on the previous 12 months.

+2.4%year to 2026 Q2, quarterly indexUS +3.0%
+1.1%1 year, 2024–2025US +2.8%
+42.7%5 yearsUS +47.0%
+70.9%10 years+5.5% a year annualised
+160.6%since 2000US +158.3%
8,303units permitted, 12 months5.5 per 1,000 residents

Same span, three levels

Change in the FHFA indexOklahoma CityOklahomaUnited States
1 year (2024–2025)+1.1%+2.6%+2.8%
5 years (2020–2025)+42.7%+45.7%+47.0%
10 years (2015–2025)+70.9%+71.1%+85.0%
20 years (2005–2025)+105.6%+102.5%+79.1%
Since 2000+160.6%+146.7%+158.3%
Since 1975+629.0%+567.0%+960.7%
10-year annualised+5.5%+5.5%+6.3%
20-year annualised+3.7%+3.6%+3.0%

FHFA annual all-transactions indexes over identical years.

Decade by decade

DecadeChangeUnited States
1980s (1980–1990)−0.9%+68.2%
1990s (1990–2000)+43.6%+33.9%
2000s (2000–2010)+37.9%+29.7%
2010s (2010–2020)+32.5%+35.5%
2020s so far (2020–2025)+42.7%+47.0%

FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (1975 here). A decade's change is the index at the end of the decade divided by the index at the start, so it does not depend on the base year; the United States column covers the same years. Decades before 1975 are not shown.

Peak-to-low declines

PeakLowDeclinePeak regained
19831988−26.6%1998

Building permits across the area

Housing units authorised in the area's 7 counties (OMB July 2023 delineations), summed from county files.

Housing units authorised in the Oklahoma City, OK area by month, latest 12 months05001,000Sep 2025: 713 units (423 single-family, 290 in multi-unit buildings)Sep 2025Oct 2025: 674 units (491 single-family, 183 in multi-unit buildings)Oct 2025Nov 2025: 411 units (346 single-family, 65 in multi-unit buildings)Nov 2025Dec 2025: 831 units (488 single-family, 343 in multi-unit buildings)Dec 2025Jan 2026: 715 units (668 single-family, 47 in multi-unit buildings)Jan 2026Feb 2026: 590 units (532 single-family, 58 in multi-unit buildings)Feb 2026Mar 2026: 716 units (525 single-family, 191 in multi-unit buildings)Mar 2026Apr 2026: 649 units (574 single-family, 75 in multi-unit buildings)Apr 2026May 2026: 767 units (633 single-family, 134 in multi-unit buildings)May 2026Jun 2026: 648 units (510 single-family, 138 in multi-unit buildings)Jun 2026Jul 2026: 711 units (583 single-family, 128 in multi-unit buildings)Jul 2026Aug 2026: 878 units (565 single-family, 313 in multi-unit buildings)Aug 2026

Housing units authorised in the Oklahoma City, OK area by month, latest 12 monthssingle-family2+ unit buildings

Housing units authorised in the Oklahoma City, OK area by month, latest 60 months05001,0001,500Sep 2021: 549 units (539 single-family, 10 in multi-unit buildings)Sep 2021Oct 2021: 612 units (592 single-family, 20 in multi-unit buildings)Nov 2021: 568 units (544 single-family, 24 in multi-unit buildings)Dec 2021: 649 units (600 single-family, 49 in multi-unit buildings)Jan 2022: 595 units (565 single-family, 30 in multi-unit buildings)Feb 2022: 644 units (612 single-family, 32 in multi-unit buildings)Mar 2022: 894 units (848 single-family, 46 in multi-unit buildings)Apr 2022: 723 units (675 single-family, 48 in multi-unit buildings)May 2022: 677 units (619 single-family, 58 in multi-unit buildings)Jun 2022: 902 units (575 single-family, 327 in multi-unit buildings)Jul 2022: 493 units (376 single-family, 117 in multi-unit buildings)Aug 2022: 551 units (466 single-family, 85 in multi-unit buildings)Sep 2022: 398 units (356 single-family, 42 in multi-unit buildings)Sep 2022Oct 2022: 360 units (335 single-family, 25 in multi-unit buildings)Nov 2022: 307 units (281 single-family, 26 in multi-unit buildings)Dec 2022: 357 units (321 single-family, 36 in multi-unit buildings)Jan 2023: 313 units (289 single-family, 24 in multi-unit buildings)Feb 2023: 383 units (359 single-family, 24 in multi-unit buildings)Mar 2023: 507 units (465 single-family, 42 in multi-unit buildings)Apr 2023: 641 units (583 single-family, 58 in multi-unit buildings)May 2023: 758 units (666 single-family, 92 in multi-unit buildings)Jun 2023: 572 units (522 single-family, 50 in multi-unit buildings)Jul 2023: 679 units (395 single-family, 284 in multi-unit buildings)Aug 2023: 755 units (555 single-family, 200 in multi-unit buildings)Sep 2023: 511 units (417 single-family, 94 in multi-unit buildings)Sep 2023Oct 2023: 498 units (411 single-family, 87 in multi-unit buildings)Nov 2023: 388 units (366 single-family, 22 in multi-unit buildings)Dec 2023: 377 units (351 single-family, 26 in multi-unit buildings)Jan 2024: 463 units (441 single-family, 22 in multi-unit buildings)Feb 2024: 455 units (427 single-family, 28 in multi-unit buildings)Mar 2024: 836 units (473 single-family, 363 in multi-unit buildings)Apr 2024: 1,004 units (642 single-family, 362 in multi-unit buildings)May 2024: 616 units (528 single-family, 88 in multi-unit buildings)Jun 2024: 606 units (530 single-family, 76 in multi-unit buildings)Jul 2024: 575 units (505 single-family, 70 in multi-unit buildings)Aug 2024: 592 units (497 single-family, 95 in multi-unit buildings)Sep 2024: 514 units (432 single-family, 82 in multi-unit buildings)Sep 2024Oct 2024: 581 units (508 single-family, 73 in multi-unit buildings)Nov 2024: 505 units (463 single-family, 42 in multi-unit buildings)Dec 2024: 480 units (466 single-family, 14 in multi-unit buildings)Jan 2025: 644 units (553 single-family, 91 in multi-unit buildings)Feb 2025: 856 units (554 single-family, 302 in multi-unit buildings)Mar 2025: 739 units (660 single-family, 79 in multi-unit buildings)Apr 2025: 987 units (539 single-family, 448 in multi-unit buildings)May 2025: 550 units (503 single-family, 47 in multi-unit buildings)Jun 2025: 662 units (501 single-family, 161 in multi-unit buildings)Jul 2025: 593 units (531 single-family, 62 in multi-unit buildings)Aug 2025: 704 units (503 single-family, 201 in multi-unit buildings)Sep 2025: 713 units (423 single-family, 290 in multi-unit buildings)Sep 2025Oct 2025: 674 units (491 single-family, 183 in multi-unit buildings)Nov 2025: 411 units (346 single-family, 65 in multi-unit buildings)Dec 2025: 831 units (488 single-family, 343 in multi-unit buildings)Jan 2026: 715 units (668 single-family, 47 in multi-unit buildings)Feb 2026: 590 units (532 single-family, 58 in multi-unit buildings)Mar 2026: 716 units (525 single-family, 191 in multi-unit buildings)Apr 2026: 649 units (574 single-family, 75 in multi-unit buildings)May 2026: 767 units (633 single-family, 134 in multi-unit buildings)Jun 2026: 648 units (510 single-family, 138 in multi-unit buildings)Jul 2026: 711 units (583 single-family, 128 in multi-unit buildings)Aug 2026: 878 units (565 single-family, 313 in multi-unit buildings)

Housing units authorised in the Oklahoma City, OK area by month, latest 60 monthssingle-family2+ unit buildings

Housing units authorised in the Oklahoma City, OK area by year, 1995–202505,00010,0001995: 3,698 units (3,698 single-family, 0 in multi-unit buildings)19951996: 4,175 units (4,175 single-family, 0 in multi-unit buildings)1997: 3,962 units (3,962 single-family, 0 in multi-unit buildings)1998: 4,645 units (4,645 single-family, 0 in multi-unit buildings)1999: 6,664 units (5,679 single-family, 985 in multi-unit buildings)2000: 5,390 units (4,151 single-family, 1,239 in multi-unit buildings)20002001: 5,968 units (4,719 single-family, 1,249 in multi-unit buildings)2002: 6,352 units (5,856 single-family, 496 in multi-unit buildings)2003: 8,082 units (6,923 single-family, 1,159 in multi-unit buildings)2004: 9,331 units (7,767 single-family, 1,564 in multi-unit buildings)2005: 9,049 units (8,201 single-family, 848 in multi-unit buildings)20052006: 7,433 units (6,975 single-family, 458 in multi-unit buildings)2007: 6,275 units (5,491 single-family, 784 in multi-unit buildings)2008: 4,099 units (3,742 single-family, 357 in multi-unit buildings)2009: 3,452 units (3,119 single-family, 333 in multi-unit buildings)2010: 3,635 units (3,032 single-family, 603 in multi-unit buildings)20102011: 3,261 units (3,079 single-family, 182 in multi-unit buildings)2012: 6,577 units (5,474 single-family, 1,103 in multi-unit buildings)2013: 7,505 units (6,359 single-family, 1,146 in multi-unit buildings)2014: 7,870 units (5,959 single-family, 1,911 in multi-unit buildings)2015: 6,004 units (5,518 single-family, 486 in multi-unit buildings)20152016: 6,740 units (5,039 single-family, 1,701 in multi-unit buildings)2017: 5,419 units (5,132 single-family, 287 in multi-unit buildings)2018: 5,730 units (5,430 single-family, 300 in multi-unit buildings)2019: 6,557 units (5,924 single-family, 633 in multi-unit buildings)2020: 7,431 units (6,842 single-family, 589 in multi-unit buildings)20202021: 8,080 units (7,637 single-family, 443 in multi-unit buildings)2022: 7,048 units (5,951 single-family, 1,097 in multi-unit buildings)2023: 6,736 units (5,573 single-family, 1,163 in multi-unit buildings)2024: 7,707 units (6,014 single-family, 1,693 in multi-unit buildings)2025: 8,576 units (6,497 single-family, 2,079 in multi-unit buildings)2025

Housing units authorised in the Oklahoma City, OK area by year, 1995–2025single-family2+ unit buildings

Permits, 12 months to August 2026This areaOklahomaUnited States
Housing units authorised8,30314,7021,418,086
Units per 1,000 residents5.53.64.1
Single-family share76%74%63%
Change on previous 12 months+6.2%+1.3%−0.1%

Counties in the area

Ranked by ten-year change in FHFA's county index to 2025; permits are the latest 12 months.

CountyState1 year10 yearsUnits, 12 monthsPer 1,000
Logan CountyOK+11.0%+83.4%1492.7
McClain CountyOK+0.3%+72.4%4038.1
Oklahoma CountyOK+1.2%+71.6%6,3197.7
Canadian CountyOK+0.2%+70.2%3361.8
Cleveland CountyOK+0.8%+69.9%8562.8
Lincoln CountyOK−0.9%+67.8%270.8
Grady CountyOK−1.7%+61.3%2133.6

Questions and answers

How much have home values in the Oklahoma City, OK area risen over 10 years?

The FHFA annual index rose +70.9% between 2015 and 2025, about +5.5% a year. Over 20 years: +105.6%; since 2000: +160.6%. The quarterly index is +2.4% on a year earlier as of 2026 Q2.

Which counties in the Oklahoma City, OK area rose most?

By ten-year change to 2025: Logan County (+83.4%), McClain County (+72.4%) and Oklahoma County (+71.6%).

What happened to Oklahoma City, OK prices after 2007?

The area index shows no decline of 5% or more from a 2005–2008 peak; nationally the fall was −21.3%.

How many homes are being built in the Oklahoma City, OK area?

8,303 housing units were authorised across the area's counties in the 12 months to August 2026, 76% of them single-family, 5.5 per 1,000 residents.

Where does this data come from?

FHFA's annual CBSA house price index (developmental, updated March 31, 2026) and its standard quarterly metropolitan index; Census Bureau building permits summed over member counties (OMB July 2023 delineations) through August 2026; vintage 2025 population estimates.

Provenance

Index: Federal Housing Finance Agency, annual house price index for core based statistical areas (all-transactions, developmental), last updated March 31, 2026, values 1975–2025; quarterly metropolitan area index (all-transactions) through 2026 Q2. Permits: Census Bureau Building Permits Survey county files through August 2026, summed over member counties from OMB's July 2023 delineations. Population: Census Bureau vintage 2025 estimates. Public domain. Corrections · FHFA HPI datasets.