Market Overview
Home Prices in Terral, OK
The median home value in Terral, OK is $70,740 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 18.9% compared to a year ago and up 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Terral are priced83% below average.
Over the past five years, Terral home values have fallen by approximately9.8%, reflecting softening conditions in this market.
Price History
Terral Home Price Trend
2020
$69,621
$70K
—
2021
$78,431
$78K
+12.7%
2022
$93,395
$93K
+19.1%
2023
$85,371
$85K
-8.6%
2024
$85,715
$86K
+0.4%
2025
$87,250
$87K
+1.8%
2026
$70,740
$71K
-18.9%
City Comparison
Terral vs. National Median
🏠 Terral
$70,740
National Median
$410,000
At $70,740, homes in Terral cost 83% below the national median of $410,000. This makes Terral a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Terral?
20% Down Payment
$14,148
on $70,740
Monthly P&I
$369/mo
30-yr @ 6.8%
Total Monthly Est.
~$469/mo
incl. taxes & insurance
Income Needed
$18,760
gross annual (30% rule)
10% Down Option
$7,074
+ PMI applies
Loan Amount (20% dn)
$56,592
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 Terral, OK?
The median home value in Terral is $70,740 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 18.9% year-over-year.
How much have home prices changed in Terral?
Over the past year, home values in Terral have decreased by 18.9%. Over five years, prices have fallen approximately 9.8%.
How much do I need to earn to buy a home in Terral?
To comfortably afford the median home price of $70,740 with a 20% down payment ($14,148) at today's rates (6.8%), you'd need a gross annual income of approximately $18,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Terral compare to the national average home price?
The national median home value is approximately $410,000. At $70,740, homes in Terral are 83% below the national average.