Market Overview
Home Prices in Alex, OK
The median home value in Alex, OK is $180,911 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.7% compared to a year ago and up 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Alex are priced56% below average. Alex is part of the Oklahoma City, OK metro area.
Over the past five years, Alex home values have risen by approximately34.1%, reflecting strong long-term appreciation in this market.
Price History
Alex Home Price Trend
2020
$109,366
$109K
—
2021
$134,891
$135K
+23.3%
2022
$153,959
$154K
+14.1%
2023
$157,758
$158K
+2.5%
2024
$166,281
$166K
+5.4%
2025
$171,215
$171K
+3.0%
2026
$180,911
$181K
+5.7%
City Comparison
Alex vs. National Median
🏠 Alex
$180,911
National Median
$410,000
At $180,911, homes in Alex cost 56% below the national median of $410,000. This makes Alex a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Alex?
20% Down Payment
$36,182
on $180,911
Monthly P&I
$944/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,199/mo
incl. taxes & insurance
Income Needed
$47,960
gross annual (30% rule)
10% Down Option
$18,091
+ PMI applies
Loan Amount (20% dn)
$144,729
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Alex, OK?
The median home value in Alex is $180,911 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.7% year-over-year.
How much have home prices changed in Alex?
Over the past year, home values in Alex have increased by 5.7%. Over five years, prices have risen approximately 34.1%.
How much do I need to earn to buy a home in Alex?
To comfortably afford the median home price of $180,911 with a 20% down payment ($36,182) at today's rates (6.8%), you'd need a gross annual income of approximately $47,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Alex compare to the national average home price?
The national median home value is approximately $410,000. At $180,911, homes in Alex are 56% below the national average.
What metro area is Alex part of?
Alex is part of the Oklahoma City, OK metropolitan area. Home prices and market conditions can vary across the broader metro region.