Market Overview
Home Prices in Savanna, OK
The median home value in Savanna, OK is $114,401 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 5.9% compared to a year ago and up 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Savanna are priced72% below average. Savanna is part of the McAlester, OK metro area.
Over the past five years, Savanna home values have risen by approximately16.1%, reflecting steady appreciation in this market.
Price History
Savanna Home Price Trend
City Comparison
Savanna vs. National Median
At $114,401, homes in Savanna cost 72% below the national median of $410,000. This makes Savanna a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Savanna?
20% Down Payment
$22,880
on $114,401
Monthly P&I
$597/mo
30-yr @ 6.8%
Total Monthly Est.
~$758/mo
incl. taxes & insurance
Income Needed
$30,320
gross annual (30% rule)
10% Down Option
$11,440
+ PMI applies
Loan Amount (20% dn)
$91,521
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 Savanna, OK?
The median home value in Savanna is $114,401 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 5.9% year-over-year.
How much have home prices changed in Savanna?
Over the past year, home values in Savanna have decreased by 5.9%. Over five years, prices have risen approximately 16.1%.
How much do I need to earn to buy a home in Savanna?
To comfortably afford the median home price of $114,401 with a 20% down payment ($22,880) at today's rates (6.8%), you'd need a gross annual income of approximately $30,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Savanna compare to the national average home price?
The national median home value is approximately $410,000. At $114,401, homes in Savanna are 72% below the national average.
What metro area is Savanna part of?
Savanna is part of the McAlester, OK metropolitan area. Home prices and market conditions can vary across the broader metro region.