Housing decision brief
Grant County, OK Housing Market
Grant County screens as a below-state purchase price, rent that needs comparison, a manageable tax-rate signal market. Use the page as a decision brief, not just a price lookup, because local income, taxes, and data confidence change how affordable the county really is.
4th lowest home value out of 77 Oklahoma counties with data | 49th lowest rent out of 77
Median home value
$79,500
Purchase-price signal from Census ACS.
Median rent
$856/mo
Gross rent, including utilities where reported.
Monthly owner cost
$480/mo
Owner costs before individual loan terms.
Decision snapshot
Read this county in four signals.
Buy screen
1.3x
Median home value divided by local household income.
Rent burden
18.0%
Below 30% usually screens as less pressured.
Rent vs own
$376/mo
Median owner cost screens below median rent.
Data confidence
2 notes
Home-value estimate has a $22,133 ACS margin of error.
What Works
Lower purchase price
$79,500 median home value is 41% below Oklahoma county median
Rent burden below pressure line
18.00% of renter income goes to rent, below the 30% burden threshold.
Owning screens cheaper than renting
Median owner costs are $376/mo below median rent before individual mortgage terms.
What to Check
Water quality cross-check
Water quality grade is F. Review water data before treating housing cost as the full story.
Health context
Health score is 23.8 out of 100, so affordability should be weighed against local health indicators.
Crime data coverage
Crime data coverage is partial. Treat zero or low crime rates as incomplete until you check the source coverage.
Wide home-value margin
The ACS margin of error on home value is $22,133, so exact rankings should be read as directional.
Best Fit For
- Buyers comparing homes to local incomes
- Renters trying to keep rent below the burden threshold
- Households weighing ownership against renting
- Remote earners or cash buyers looking below the state price line
Poor Fit For
- Buyers who will not investigate local water systems before moving
- Anyone treating reported crime rates as complete without source context
County vs State vs National
The county number only matters after you see the benchmark. These comparisons show where Grant County is genuinely cheap, where it is average, and where the hidden cost may be.
| Metric | County | State | U.S. | Signal |
|---|---|---|---|---|
Median home value Lower usually helps affordability. | $79,500 | $135,800 | $281,900 | 41% favorable41% below Oklahoma county median |
Median gross rent Lower usually helps affordability. | $856 | $811 | $1,163 | 6% pressure6% above Oklahoma county median |
Monthly owner cost Lower usually helps affordability. | $480 | $680 | $1,672 | 29% favorable29% below Oklahoma county median |
Median household income | $61,824 | $57,551 | $74,755 | 7% favorable7% above Oklahoma county median |
Effective property-tax rate Lower usually helps affordability. | 0.60% | 0.63% | 1.02% | Near state median4% below Oklahoma county median |
Rent burden Lower usually helps affordability. | 18.00% | 26.00% | N/A | 31% favorable18.00% of renter income goes to rent. |
Income Fit
A low price only helps if local income can carry the monthly cost. This panel compares the county income base with rent and owner-cost thresholds.
Rent cushion
+$27,584
Median income minus rent threshold.
Owner cushion
+$41,253
Median income minus owner-cost threshold.
Affordability Advisory
This turns the raw housing numbers into income and buy-versus-rent screens.
Affordability verdict
Grant County offers affordable rental housing at a median of $856/month , about 16.6% of the typical household income here.
Rent vs own
At $856/month rent versus $480/month in owner costs, owning is roughly $376/month cheaper , a 44% difference.
Income needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $34,240/year. For owner costs at the 28% rule, the required income is roughly $20,571/year. With a median household income of $61,824, most households can comfortably afford rent here. Notably, 18.0% of renter households in Grant County are cost-burdened, spending more than 30% of income on housing.
Regional context
Within Oklahoma, Grant County is more affordable than Cherokee County by roughly 7% ($856/mo vs $803/mo).
Better Counties to Compare
Similar counties are matched on home value, rent, income, and state context. This is more useful than a simple nearest-price list.
| County | Home Value | Rent | Why compare |
|---|---|---|---|
| Harper County, OK | $99,300 | $791/mo | Same-state comparison near $99,300 home value and $791/mo rent. |
| Harmon County, OK | $75,700 | $663/mo | Same-state comparison near $75,700 home value and $663/mo rent. |
| Washita County, OK | $113,300 | $775/mo | Same-state comparison near $113,300 home value and $775/mo rent. |
| Dewey County, OK | $118,200 | $900/mo | Same-state comparison near $118,200 home value and $900/mo rent. |
| Cimarron County, OK | $94,500 | $682/mo | Same-state comparison near $94,500 home value and $682/mo rent. |
Data Confidence
- Home-value estimate has a $22,133 ACS margin of error.
- Crime coverage is partial, so safety comparisons need source context.
Next Checks
Housing Questions for Grant County
Is Grant County affordable for buying a home?
Is renting or owning cheaper in Grant County?
How much income do you need for housing in Grant County?
What should I double-check before moving to Grant County?
Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.