Data is also available below for Oklahoma City rental vacancy rates, Oklahoma City rent as a percent of median income and the fraction of renters in Oklahoma City.
Show dollars as: Nominal Real
Real Gross Rent in Oklahoma City Oklahoma (2019 dollars)2
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US Median Gross Rent | $1,097 | +1.86% | +6.82% |
Oklahoma Median Gross Rent | $814 | -1.09% | +4.49% |
Oklahoma City, OK Median Gross Rent | $876 | -2.12% | +4.41% |
Oklahoma City, OK Real Gross Rent Trends
Median gross rent for Oklahoma City peaked in real terms in 2018 at $895 and is now $19 (2.12%) lower. Average gross rent for Oklahoma City peaked in real terms in 2018 at $901 and is now $10 (1.11%) lower.
Real Gross Rent in Oklahoma City: Oklahoma City OK Median, Oklahoma City OK Average, Oklahoma Median, US Median
Real Gross Rent History for Oklahoma City
Date | US Median |
Oklahoma Median |
Oklahoma City, OK Median |
Oklahoma City, OK Average |
---|---|---|---|---|
2019 | $1,097 | $814 | $876 | $891 |
2018 | $1,077 | $823 | $895 | $901 |
2017 | $1,043 | $804 | $877 | $873 |
2016 | $1,027 | $779 | $839 | $863 |
2015 | $1,017 | $805 | $871 | $874 |
2014 | $986 | $778 | $826 | $847 |
2013 | $953 | $742 | $802 | $821 |
2012 | $940 | $730 | $787 | $821 |
2011 | $941 | $729 | $790 | $802 |
2010 | $955 | $736 | $797 | $802 |
2009 | $960 | $725 | $785 | $801 |
2008 | $976 | $727 | $790 | $798 |
2007 | $927 | $691 | $739 | $751 |
2006 | $937 | $712 | $763 | $775 |
2005 | $910 | $684 | $730 | $750 |
Oklahoma City Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Oklahoma City Oklahoma was 7.61% according to Census ACS data.
Rental Vacancy Rate in Oklahoma City Oklahoma
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US | 5.97% | -0.18% | +0.08% |
Oklahoma | 8.00% | -0.47% | -0.08% |
Oklahoma City, OK | 7.61% | -0.44% | -0.95% |
Trends in Oklahoma City, OK Rental Vacancy Rate
The rental vacancy rate in Oklahoma City peaked in 2006 at 11.17%. Since then it has fallen by 3.56% to 7.61%. Data records for this series originated in 2005. From a 2013 post peak low of 6.23%, the rental vacancy rate has increased by 1.38%.
Rental Vacancy Rate: Oklahoma City OK, Oklahoma, US
Historical Rental Vacancy Rate data for Oklahoma City
Date | US | Oklahoma | Oklahoma City, OK |
---|---|---|---|
2019 | 5.97% | 8.00% | 7.61% |
2018 | 6.15% | 8.47% | 8.05% |
2017 | 6.18% | 8.57% | 8.54% |
2016 | 5.89% | 8.08% | 8.56% |
2015 | 5.85% | 7.76% | 7.77% |
2014 | 6.32% | 8.12% | 8.08% |
2013 | 6.49% | 8.19% | 6.23% |
2012 | 6.77% | 8.16% | 6.85% |
2011 | 7.40% | 8.52% | 8.72% |
2010 | 8.17% | 8.52% | 8.41% |
2009 | 8.43% | 8.41% | 8.02% |
2008 | 7.86% | 9.18% | 9.27% |
2007 | 7.87% | 9.33% | 10.57% |
2006 | 7.70% | 10.14% | 11.17% |
2005 | 7.74% | 9.97% | 8.86% |
Rent as a Fraction of Income
Using median household income data for Oklahoma City, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Oklahoma City, median monthly gross rent as a fraction of median household income was 17.35% in 2019 according to the ACS.
Oklahoma City Oklahoma Median Annual Rent as a Fraction of Median Household Income
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US | 20.03% | -0.47% | -0.40% |
Oklahoma | 17.94% | -0.73% | -0.22% |
Oklahoma City, OK | 17.35% | -1.00% | -0.11% |
Trends in Oklahoma City, OK Rent as a Fraction of Income
The fraction of median Oklahoma City household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 18.87%. Since then it has fallen by 1.52% to 17.35%.
Fraction of Income towards Rent: Oklahoma City OK, Oklahoma, US
Historical Data for Annual Rent as a Fraction of Income in Oklahoma City Oklahoma
Date | US | Oklahoma | Oklahoma City, OK |
---|---|---|---|
2019 | 20.03% | 17.94% | 17.35% |
2018 | 20.50% | 18.67% | 18.35% |
2017 | 20.13% | 18.70% | 18.15% |
2016 | 20.43% | 18.16% | 17.46% |
2015 | 20.63% | 18.75% | 18.87% |
2014 | 20.89% | 18.61% | 17.90% |
2013 | 20.78% | 18.52% | 18.24% |
2012 | 20.65% | 18.58% | 18.29% |
2011 | 20.70% | 18.74% | 18.65% |
2010 | 20.50% | 18.80% | 18.50% |
2009 | 20.12% | 18.32% | 18.33% |
2008 | 19.00% | 17.21% | 16.78% |
2007 | 18.66% | 16.98% | 16.68% |
2006 | 18.90% | 17.95% | 17.73% |
2005 | 18.89% | 17.71% | 17.49% |
Renter Fraction in Oklahoma City Oklahoma
You can calculate the renter fraction in Oklahoma City in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Oklahoma City as a fraction of total Oklahoma City households. In 2019 36.68% of households were renters according to Census ACS data.
Oklahoma City Fraction of Renters by Household Units
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US | 35.89% | -0.16% | -0.99% |
Oklahoma | 34.46% | -0.10% | -0.64% |
Oklahoma City, OK | 36.68% | -0.26% | -0.03% |
Trends in the Oklahoma City, OK Renter Fraction
The Oklahoma City household renter fraction peaked in in 2018 at 36.94% and is now 0.26% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Oklahoma City OK, Oklahoma, US
History of Oklahoma City Renter Fraction
Date | US | Oklahoma | Oklahoma City, OK |
---|---|---|---|
2019 | 35.89% | 34.46% | 36.68% |
2018 | 36.05% | 34.56% | 36.94% |
2017 | 36.13% | 34.54% | 36.49% |
2016 | 36.88% | 35.10% | 36.71% |
2015 | 36.97% | 34.66% | 36.07% |
2014 | 36.90% | 34.86% | 36.76% |
2013 | 36.50% | 34.46% | 36.58% |
2012 | 36.09% | 33.62% | 35.73% |
2011 | 35.42% | 32.97% | 35.05% |
2010 | 34.65% | 32.21% | 33.81% |
2009 | 34.13% | 32.81% | 34.67% |
2008 | 33.36% | 32.76% | 34.16% |
2007 | 32.80% | 31.77% | 33.42% |
2006 | 32.73% | 31.39% | 33.14% |
2005 | 33.10% | 32.13% | 35.28% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩