Market Overview
Home Prices in Grandfield, OK
The median home value in Grandfield, OK is $53,971 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.6% compared to a year ago and up 6.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grandfield are priced87% below average.
Over the past five years, Grandfield home values have risen by approximately20.8%, reflecting strong long-term appreciation in this market.
Price History
Grandfield Home Price Trend
2020
$41,480
$41K
—
2021
$44,667
$45K
+7.7%
2022
$48,881
$49K
+9.4%
2023
$46,316
$46K
-5.2%
2024
$51,079
$51K
+10.3%
2025
$54,304
$54K
+6.3%
2026
$53,971
$54K
-0.6%
City Comparison
Grandfield vs. National Median
🏠 Grandfield
$53,971
National Median
$410,000
At $53,971, homes in Grandfield cost 87% below the national median of $410,000. This makes Grandfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Grandfield?
20% Down Payment
$10,794
on $53,971
Monthly P&I
$281/mo
30-yr @ 6.8%
Total Monthly Est.
~$357/mo
incl. taxes & insurance
Income Needed
$14,280
gross annual (30% rule)
10% Down Option
$5,397
+ PMI applies
Loan Amount (20% dn)
$43,177
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 Grandfield, OK?
The median home value in Grandfield is $53,971 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.6% year-over-year.
How much have home prices changed in Grandfield?
Over the past year, home values in Grandfield have decreased by 0.6%. Over five years, prices have risen approximately 20.8%.
How much do I need to earn to buy a home in Grandfield?
To comfortably afford the median home price of $53,971 with a 20% down payment ($10,794) at today's rates (6.8%), you'd need a gross annual income of approximately $14,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Grandfield compare to the national average home price?
The national median home value is approximately $410,000. At $53,971, homes in Grandfield are 87% below the national average.