Market Overview
Home Prices in Medicine Park, OK
The median home value in Medicine Park, OK is $283,674 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.2% compared to a year ago and up 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Medicine Park are priced31% below average. Medicine Park is part of the Lawton, OK metro area.
Over the past five years, Medicine Park home values have risen by approximately33.8%, reflecting strong long-term appreciation in this market.
Price History
Medicine Park Home Price Trend
City Comparison
Medicine Park vs. National Median
At $283,674, homes in Medicine Park cost 31% below the national median of $410,000. This makes Medicine Park a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Medicine Park?
20% Down Payment
$56,735
on $283,674
Monthly P&I
$1,479/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,878/mo
incl. taxes & insurance
Income Needed
$75,120
gross annual (30% rule)
10% Down Option
$28,367
+ PMI applies
Loan Amount (20% dn)
$226,939
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 Medicine Park, OK?
The median home value in Medicine Park is $283,674 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.2% year-over-year.
How much have home prices changed in Medicine Park?
Over the past year, home values in Medicine Park have decreased by 0.2%. Over five years, prices have risen approximately 33.8%.
How much do I need to earn to buy a home in Medicine Park?
To comfortably afford the median home price of $283,674 with a 20% down payment ($56,735) at today's rates (6.8%), you'd need a gross annual income of approximately $75,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Medicine Park compare to the national average home price?
The national median home value is approximately $410,000. At $283,674, homes in Medicine Park are 31% below the national average.
What metro area is Medicine Park part of?
Medicine Park is part of the Lawton, OK metropolitan area. Home prices and market conditions can vary across the broader metro region.