Housing in Elk City
Elk City's housing market runs genuinely affordable, with a real, disclosed cross-source spread between an average-value figure and a current-listing figure this record states honestly.
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Learn moreA real, disclosed cross-source home-price spread
Zillow's own average home value ran approximately $164,916 (up 4.5% YoY), while a separate source cited a median LIST price of approximately $209,000 as of June 2026 (down approximately 9% YoY) -- a genuinely wide gap this record does not blend into one number (base record).
A genuinely affordable, "HOT" rental market
Elk City's average rent across all bedroom counts ran approximately $700, approximately 65% below the national average, even as the rental market temperature ran 'HOT' per one source, even while the sales market itself ran 'not very competitive' (base record).
A real, disclosed above-average property tax rate
Elk City's own effective property tax rate ran approximately 1.05%, a real, disclosed notch above both Oklahoma's own statewide cluster (0.83%-0.90%) and the national median (1.02%) (base record).
Oklahoma's statewide tornado/hail-driven homeowners-insurance climate applies directly
No Elk City-specific insurance premium data distinct from Oklahoma's own statewide figures was found this pass; the statewide range runs approximately $5,298-$7,255/year vs. a national average of approximately $2,395 (base record).
Key takeaways
- Home prices carry a real, disclosed cross-source spread of approximately $164,916-$209,000.
- Rent runs approximately $700, about 65% below the national average.
- Elk City's effective property tax rate (1.05%) runs above Oklahoma's own statewide norm.
- Oklahoma's statewide elevated homeowners-insurance climate is a real cost consideration.
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