Market Overview
Home Prices in Mustang, OK
The median home value in Mustang, OK is $281,861 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.3% compared to a year ago and up 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mustang are priced31% below average. Mustang is part of the Oklahoma City, OK metro area.
Over the past five years, Mustang home values have risen by approximately28.1%, reflecting strong long-term appreciation in this market.
Price History
Mustang Home Price Trend
City Comparison
Mustang vs. National Median
At $281,861, homes in Mustang cost 31% below the national median of $410,000. This makes Mustang a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mustang?
20% Down Payment
$56,372
on $281,861
Monthly P&I
$1,470/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,867/mo
incl. taxes & insurance
Income Needed
$74,680
gross annual (30% rule)
10% Down Option
$28,186
+ PMI applies
Loan Amount (20% dn)
$225,489
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 Mustang, OK?
The median home value in Mustang is $281,861 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.3% year-over-year.
How much have home prices changed in Mustang?
Over the past year, home values in Mustang have increased by 1.3%. Over five years, prices have risen approximately 28.1%.
How much do I need to earn to buy a home in Mustang?
To comfortably afford the median home price of $281,861 with a 20% down payment ($56,372) at today's rates (6.8%), you'd need a gross annual income of approximately $74,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Mustang compare to the national average home price?
The national median home value is approximately $410,000. At $281,861, homes in Mustang are 31% below the national average.
What metro area is Mustang part of?
Mustang is part of the Oklahoma City, OK metropolitan area. Home prices and market conditions can vary across the broader metro region.