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Buying a home in Oklahoma City, Oklahoma

Oklahoma City median home value: $259,300 (Census ACS 2024). City aid of up to $18,000 for buyers at 80% of median income. Homestead filing due March 15.

Checked on against the official sources listed at the bottom of the page.

In short

The median value of owner-occupied homes in Oklahoma City is $259,300 (Census ACS 2024; owner estimates, not sale prices). The FHFA House Price Index shows Oklahoma prices up 2.0% and Oklahoma City metro prices up 2.5% between the second quarters of 2025 and 2026. On that price, Oklahoma's documentary stamp tax comes to $389.25, paid by the seller, before any county or city tax. Selling a main home you owned and lived in for 2 of the last 5 years, the first $250,000 of gain ($500,000 for a married couple filing jointly) is excluded from federal income tax (IRS Publication 523).

Calculate for Oklahoma City

If you buy

Oklahoma state transfer tax

Documentary stamp tax (68 O.S. 3201): $0.75 for each $500 of consideration, or fractional part of $500 ($1.50 per $1,000, 0.15%). Change the price: the amount is recalculated instantly.

Price$259,300
State transfer tax$389.25
Share of the price0.15% of the price
Who paysThe seller

Default price: the Oklahoma City median value of owner-occupied homes, $259,300 (Census ACS 2024). Rule: Divide consideration (minus any lien that stays on the property) by $500, round up to the next whole unit, multiply by $0.75. Applies only when the net consideration is more than $100. Consideration includes any debt the buyer assumes. Who pays: The statute puts the tax on any person who makes, signs, issues or sells the deed, or for whose benefit it is made, which points first at the seller in a normal sale. It does not say whether a contract can move the cost. On a foreclosure deed to a non-lender grantee, the purchaser pays. Not included: county and city transfer taxes, the tax on the mortgage, recording fees, title insurance and lender charges. Oklahoma transfer tax guide · all 50 states.

If you sell

Capital gain and the federal tax on it

Same federal rule in every state: Section 121 of the Internal Revenue Code excludes up to $250,000 of gain on a main home ($500,000 for a married couple filing jointly).

Capital gain$350,000
Section 121 exclusion$250,000 (limit $250,000)
Taxable gain$100,000
Type of gainLong-term (owned over 1 year), 15% chosen
Federal tax on the gain$15,000

Section 121 excludes $250,000; the rest is taxable.

Gain = sale price minus your adjusted basis (purchase price, buying costs and improvements); selling expenses reduce it (IRS Publication 523). Long-term rates for sales in 2026, by taxable income including the gain (IRS Rev. Proc. 2025-32, section 4.03): 0% up to $49,450 single or $98,900 married filing jointly, 15% up to $545,500 single or $613,700 jointly, 20% above. Not included: Oklahoma state income tax on the gain (not computed), the net investment income tax, depreciation recapture on a rental or home office, and the reduced exclusion for an early sale. Agent commissions are negotiated and never set by law. Capital gains on a home sale.

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.

AreaMedian 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:

Area1-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

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

Sources

Professionals by sector of Oklahoma City

Who licenses each trade in Oklahoma

Oklahoma · All states · Federal guides