Oklahoma County Oklahoma Residential Rent and Rental Statistics
The median monthly gross residential rent in Oklahoma County OK was $872 in 2019 according to the Census ACS survey.1 Average gross rent in Oklahoma County was $890 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Oklahoma County median and average rent data will be released in September of 2021.
Data is also available below for Oklahoma County rental vacancy rates, Oklahoma County rent as a percent of median income and the fraction of renters in Oklahoma County.
Real Gross Rent in Oklahoma County Oklahoma (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Oklahoma Median Gross Rent | $814 | -1.09% | +4.49% |
| Oklahoma County OK Median Gross Rent | $872 | -3.00% | +4.43% |
Oklahoma County OK Real Gross Rent Trends
Median gross rent for Oklahoma County peaked in real terms in 2018 at $899 and is now $27 (3.00%) lower. Average gross rent for Oklahoma County peaked in real terms in 2018 at $909 and is now $19 (2.09%) lower.
Real Gross Rent: Oklahoma County OK Median, Oklahoma County OK Average, Oklahoma Median, US Median
Real Gross Rent History for Oklahoma County
| Date | US Median |
Oklahoma Median |
Oklahoma County OK Median |
Oklahoma County OK Average |
|---|---|---|---|---|
| 2019 | $1,097 | $814 | $872 | $890 |
| 2018 | $1,077 | $823 | $899 | $909 |
| 2017 | $1,043 | $804 | $860 | $867 |
| 2016 | $1,027 | $779 | $835 | $857 |
| 2015 | $1,017 | $805 | $865 | $871 |
| 2014 | $986 | $778 | $825 | $852 |
| 2013 | $953 | $742 | $785 | $803 |
| 2012 | $940 | $730 | $782 | $827 |
| 2011 | $941 | $729 | $791 | $810 |
| 2010 | $955 | $736 | $788 | $794 |
| 2009 | $960 | $725 | $781 | $811 |
| 2007 | $927 | $691 | $735 | $757 |
| 2005 | $910 | $684 | $721 | $748 |
Oklahoma County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Oklahoma County Oklahoma was 8.53% according to Census ACS data.
Rental Vacancy Rate in Oklahoma County Oklahoma
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Oklahoma | 8.00% | -0.47% | -0.08% |
| Oklahoma County OK | 8.53% | -0.64% | -0.66% |
Trends in Oklahoma County OK Rental Vacancy Rate
The rental vacancy rate in Oklahoma County peaked in 2006 at 12.87%. Since then it has fallen by 4.34% to 8.53%. Data records for this series originated in 2005. From a 2013 post peak low of 6.45%, the rental vacancy rate has increased by 2.08%.
Rental Vacancy Rate: Oklahoma County OK, Oklahoma, US
Historical Rental Vacancy Rate data for Oklahoma County
| Date | US | Oklahoma | Oklahoma County OK |
|---|---|---|---|
| 2019 | 5.97% | 8.00% | 8.53% |
| 2018 | 6.15% | 8.47% | 9.17% |
| 2017 | 6.18% | 8.57% | 9.09% |
| 2016 | 5.89% | 8.08% | 9.19% |
| 2015 | 5.85% | 7.76% | 7.42% |
| 2014 | 6.32% | 8.12% | 8.24% |
| 2013 | 6.49% | 8.19% | 6.45% |
| 2012 | 6.77% | 8.16% | 6.94% |
| 2011 | 7.40% | 8.52% | 8.43% |
| 2010 | 8.17% | 8.52% | 9.55% |
| 2009 | 8.43% | 8.41% | 7.62% |
| 2007 | 7.87% | 9.33% | 10.32% |
| 2005 | 7.74% | 9.97% | 10.34% |
Rent as a Fraction of Income
Using median household income data for Oklahoma County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Oklahoma County, median monthly gross rent as a fraction of median household income was 18.61% in 2019 according to the ACS.
Oklahoma County Oklahoma Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Oklahoma | 17.94% | -0.73% | -0.22% |
| Oklahoma County OK | 18.61% | -1.69% | -0.12% |
Trends in Oklahoma County OK Rent as a Fraction of Income
The fraction of median Oklahoma County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 20.48%. Since then it has fallen by 1.87% to 18.61%.
Fraction of Income towards Rent: Oklahoma County OK, Oklahoma, US
Historical Data for Annual Rent as a Fraction of Income in Oklahoma County Oklahoma
| Date | US | Oklahoma | Oklahoma County OK |
|---|---|---|---|
| 2019 | 20.03% | 17.94% | 18.61% |
| 2018 | 20.50% | 18.67% | 20.29% |
| 2017 | 20.13% | 18.70% | 19.50% |
| 2016 | 20.43% | 18.16% | 18.72% |
| 2015 | 20.63% | 18.75% | 19.68% |
| 2014 | 20.89% | 18.61% | 19.45% |
| 2013 | 20.78% | 18.52% | 19.52% |
| 2012 | 20.65% | 18.58% | 20.29% |
| 2011 | 20.70% | 18.74% | 20.48% |
| 2010 | 20.50% | 18.80% | 19.88% |
| 2009 | 20.12% | 18.32% | 19.98% |
| 2007 | 18.66% | 16.98% | 18.13% |
| 2005 | 18.89% | 17.71% | 18.58% |
Renter Fraction in Oklahoma County Oklahoma
You can calculate the renter fraction in Oklahoma County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Oklahoma County as a fraction of total Oklahoma County households. In 2019 41.84% of households were renters according to Census ACS data.
Oklahoma County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Oklahoma | 34.46% | -0.10% | -0.64% |
| Oklahoma County OK | 41.84% | -0.21% | +0.34% |
Trends in the Oklahoma County OK Renter Fraction
The Oklahoma County household renter fraction peaked in in 2014 at 42.49% and is now 0.65% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Oklahoma County OK, Oklahoma, US
History of Oklahoma County Renter Fraction
| Date | US | Oklahoma | Oklahoma County OK |
|---|---|---|---|
| 2019 | 35.89% | 34.46% | 41.84% |
| 2018 | 36.05% | 34.56% | 42.05% |
| 2017 | 36.13% | 34.54% | 40.58% |
| 2016 | 36.88% | 35.10% | 41.50% |
| 2015 | 36.97% | 34.66% | 41.53% |
| 2014 | 36.90% | 34.86% | 42.49% |
| 2013 | 36.50% | 34.46% | 41.73% |
| 2012 | 36.09% | 33.62% | 41.30% |
| 2011 | 35.42% | 32.97% | 41.13% |
| 2010 | 34.65% | 32.21% | 37.97% |
| 2009 | 34.13% | 32.81% | 39.51% |
| 2007 | 32.80% | 31.77% | 37.62% |
| 2005 | 33.10% | 32.13% | 39.98% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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