Market Overview
Home Prices in Okemah, OK
The median home value in Okemah, OK is $138,521 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.4% compared to a year ago and down 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Okemah are priced66% below average.
Over the past five years, Okemah home values have risen by approximately40.6%, reflecting strong long-term appreciation in this market.
Price History
Okemah Home Price Trend
2020
$76,978
$77K
—
2021
$98,547
$99K
+28.0%
2022
$112,280
$112K
+13.9%
2023
$117,830
$118K
+4.9%
2024
$127,366
$127K
+8.1%
2025
$125,448
$125K
-1.5%
2026
$138,521
$139K
+10.4%
City Comparison
Okemah vs. National Median
🏠 Okemah
$138,521
National Median
$410,000
At $138,521, homes in Okemah cost 66% below the national median of $410,000. This makes Okemah a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Okemah?
20% Down Payment
$27,704
on $138,521
Monthly P&I
$722/mo
30-yr @ 6.8%
Total Monthly Est.
~$917/mo
incl. taxes & insurance
Income Needed
$36,680
gross annual (30% rule)
10% Down Option
$13,852
+ PMI applies
Loan Amount (20% dn)
$110,817
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 Okemah, OK?
The median home value in Okemah is $138,521 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.4% year-over-year.
How much have home prices changed in Okemah?
Over the past year, home values in Okemah have increased by 10.4%. Over five years, prices have risen approximately 40.6%.
How much do I need to earn to buy a home in Okemah?
To comfortably afford the median home price of $138,521 with a 20% down payment ($27,704) at today's rates (6.8%), you'd need a gross annual income of approximately $36,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Okemah compare to the national average home price?
The national median home value is approximately $410,000. At $138,521, homes in Okemah are 66% below the national average.