Oklahoma City, OK

This city of 726,842 residents needs 18,826 more housing units over the next five years. Oklahoma City is a CDBG-entitlement community, see how the ROAD to Housing Act could change that funding. Oklahoma City is part of the Association of Central Oklahoma Governments.

Housing snapshot

Population
726,842 (2026)
Households
285,739
Median household income
$75,718 (2026)
Typical home value
$237,425
Owner-occupied
54%
Five-year housing need
18,826 units

Comparison to other Oklahoma municipalities

Oklahoma City: $75,718 Median income (2026 estimate)
<$15K >$104K
Oklahoma City: 1.5 jobs to household ratio
<0.1 >2.09
Oklahoma City: Permits since 2021 represent 7.1% of housing
<0.1% >12.2%
On this page

How affordable is this community?

The typical home in Oklahoma City, OK is valued at $237,425, well above the Oklahoma average of $173,123. Oklahoma City, OK's median household income of $75,718 puts the typical home within reach for most households.

This chart tracks whether housing prices are keeping pace with local incomes. The gap between what homes cost and what households can afford reveals affordability trends over time.

How is the population changing?

Oklahoma City, OK has a population of roughly 697,125, growing modestly at 1.4% per year.

Population growth patterns reveal how communities are evolving. This chart shows historical population changes by age group and projects future trends based on demographic patterns.

How has employment changed over time?

Jobs by industry sector since 2012. Switch between local jobs — counted where the jobs are located — and resident jobs, counted where the workers live. On the local view the most recent year is a nowcast: it grows the latest local LODES job mix forward using recent county employment growth from QCEW and the BLS local employment series, so the newest point tracks today's economy instead of data that is roughly two years old.

How are households changing by income?

With roughly 285,739 households, Oklahoma City, OK is growing modestly at 1.4% per year.

Understanding how households at different income levels are growing or declining helps identify which groups face the greatest housing pressure and where new housing is most needed.

Who lives here today?

In Oklahoma City, OK, detached single-family accounts for 67% of the housing stock. Oklahoma City, OK is roughly split between owners and renters, at 54% owner-occupied.

Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.

What does the housing stock look like?

The mix of housing types and ownership patterns shapes a community's character. This chart breaks down housing units by structure type and whether they're owner-occupied or rented.

How much new housing supply is needed?

To keep up with growth and fill current housing shortages, Oklahoma City, OK needs 18,826 new units over the next 5 years.

15,282
Units needed to keep up with expected growth
Projected total household growth from 2026 to 2031.
5.3%
Projected household growth rate
Expected increase in total households from 285,739 in 2026 to 301,021 in 2031.
3,544
Units to address shortages in existing housing stock
Production needs to address vacancy rates and other factors.
2,684
Replacement housing
Effective annual loss rate is 1.8 per 1,000 units.
860
Ownership vacancy adjustment
Owner-occupied vacancy is 1.0%. This is below the minimum stable target of 1.5%.
18,826
Total 5-year housing production need (2026-2031)
3,765
Annual production pace
Average units needed per year to meet 5-year need
6.1%
Total housing unit growth
Percent increase in housing stock over 5 years
1.2%
Annual housing unit growth
Average percent increase in housing stock per year

Build Now Act: how could CDBG funding change?

The Build Now Act (Section 213 of the 21st Century ROAD to Housing Act) ties a CDBG entitlement community's grant to how much housing it is building. This is a CommunityScale estimate from public ACS data, not HUD's official determination — HUD calculates from Census Master Address File block counts.

How does this place compare to similar communities?