Market Overview
Home Prices in Red Oak, OK
The median home value in Red Oak, OK is $149,858 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.3% compared to a year ago and down 5.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Red Oak are priced63% below average.
Over the past five years, Red Oak home values have risen by approximately9.3%, reflecting steady appreciation in this market.
Price History
Red Oak Home Price Trend
2020
$117,250
$117K
—
2021
$137,166
$137K
+17.0%
2022
$153,908
$154K
+12.2%
2023
$152,730
$153K
-0.8%
2024
$158,975
$159K
+4.1%
2025
$150,298
$150K
-5.5%
2026
$149,858
$150K
-0.3%
City Comparison
Red Oak vs. National Median
🏠 Red Oak
$149,858
National Median
$410,000
At $149,858, homes in Red Oak cost 63% below the national median of $410,000. This makes Red Oak a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Red Oak?
20% Down Payment
$29,972
on $149,858
Monthly P&I
$782/mo
30-yr @ 6.8%
Total Monthly Est.
~$993/mo
incl. taxes & insurance
Income Needed
$39,720
gross annual (30% rule)
10% Down Option
$14,986
+ PMI applies
Loan Amount (20% dn)
$119,886
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 Red Oak, OK?
The median home value in Red Oak is $149,858 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.3% year-over-year.
How much have home prices changed in Red Oak?
Over the past year, home values in Red Oak have decreased by 0.3%. Over five years, prices have risen approximately 9.3%.
How much do I need to earn to buy a home in Red Oak?
To comfortably afford the median home price of $149,858 with a 20% down payment ($29,972) at today's rates (6.8%), you'd need a gross annual income of approximately $39,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Red Oak compare to the national average home price?
The national median home value is approximately $410,000. At $149,858, homes in Red Oak are 63% below the national average.