Market Overview
Home Prices in Nowata, OK
The median home value in Nowata, OK is $151,196 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.1% compared to a year ago and up 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Nowata are priced63% below average.
Over the past five years, Nowata home values have risen by approximately33.9%, reflecting strong long-term appreciation in this market.
Price History
Nowata Home Price Trend
2020
$97,318
$97K
—
2021
$112,950
$113K
+16.1%
2022
$131,359
$131K
+16.3%
2023
$126,806
$127K
-3.5%
2024
$139,532
$140K
+10.0%
2025
$145,272
$145K
+4.1%
2026
$151,196
$151K
+4.1%
City Comparison
Nowata vs. National Median
🏠 Nowata
$151,196
National Median
$410,000
At $151,196, homes in Nowata cost 63% below the national median of $410,000. This makes Nowata a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Nowata?
20% Down Payment
$30,239
on $151,196
Monthly P&I
$789/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,002/mo
incl. taxes & insurance
Income Needed
$40,080
gross annual (30% rule)
10% Down Option
$15,120
+ PMI applies
Loan Amount (20% dn)
$120,957
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 Nowata, OK?
The median home value in Nowata is $151,196 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.1% year-over-year.
How much have home prices changed in Nowata?
Over the past year, home values in Nowata have increased by 4.1%. Over five years, prices have risen approximately 33.9%.
How much do I need to earn to buy a home in Nowata?
To comfortably afford the median home price of $151,196 with a 20% down payment ($30,239) at today's rates (6.8%), you'd need a gross annual income of approximately $40,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Nowata compare to the national average home price?
The national median home value is approximately $410,000. At $151,196, homes in Nowata are 63% below the national average.