Market Overview
Home Prices in Gracemont, OK
The median home value in Gracemont, OK is $130,219 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.6% compared to a year ago and up 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gracemont are priced68% below average.
Over the past five years, Gracemont home values have risen by approximately1.5%, reflecting modest growth in this market.
Price History
Gracemont Home Price Trend
2020
$119,028
$119K
—
2021
$128,242
$128K
+7.7%
2022
$129,273
$129K
+0.8%
2023
$123,780
$124K
-4.2%
2024
$125,566
$126K
+1.4%
2025
$129,448
$129K
+3.1%
2026
$130,219
$130K
+0.6%
City Comparison
Gracemont vs. National Median
🏠 Gracemont
$130,219
National Median
$410,000
At $130,219, homes in Gracemont cost 68% below the national median of $410,000. This makes Gracemont a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gracemont?
20% Down Payment
$26,044
on $130,219
Monthly P&I
$679/mo
30-yr @ 6.8%
Total Monthly Est.
~$862/mo
incl. taxes & insurance
Income Needed
$34,480
gross annual (30% rule)
10% Down Option
$13,022
+ PMI applies
Loan Amount (20% dn)
$104,175
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 Gracemont, OK?
The median home value in Gracemont is $130,219 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.6% year-over-year.
How much have home prices changed in Gracemont?
Over the past year, home values in Gracemont have increased by 0.6%. Over five years, prices have risen approximately 1.5%.
How much do I need to earn to buy a home in Gracemont?
To comfortably afford the median home price of $130,219 with a 20% down payment ($26,044) at today's rates (6.8%), you'd need a gross annual income of approximately $34,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Gracemont compare to the national average home price?
The national median home value is approximately $410,000. At $130,219, homes in Gracemont are 68% below the national average.