Housing decision brief
Harmon County, OK Housing Market
Harmon County screens as a below-state purchase price, below-state rent, a higher 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.
2nd lowest home value out of 77 Oklahoma counties with data | 8th lowest rent out of 77
Median home value
$75,700
Purchase-price signal from Census ACS.
Median rent
$663/mo
Gross rent, including utilities where reported.
Monthly owner cost
$533/mo
Owner costs before individual loan terms.
Decision snapshot
Read this county in four signals.
Buy screen
1.4x
Median home value divided by local household income.
Rent burden
20.0%
Below 30% usually screens as less pressured.
Rent vs own
$130/mo
Median owner cost screens below median rent.
Data confidence
1 note
Crime coverage is partial, so safety comparisons need source context.
What Works
Lower purchase price
$75,700 median home value is 44% below Oklahoma county median
Lower rent
$663/mo is 18% below Oklahoma county median
Rent burden below pressure line
20.00% of renter income goes to rent, below the 30% burden threshold.
Owning screens cheaper than renting
Median owner costs are $130/mo below median rent before individual mortgage terms.
Low disaster-risk signal
Risk score is 89.8 out of 100, a stronger cross-check for long-term ownership costs.
What to Check
Lower income base
$54,286 median income is 6% below Oklahoma county median
Tax rate needs attention
0.70% effective property-tax rate is 11% above Oklahoma county median
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 11.5 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.
Best Fit For
- Buyers comparing homes to local incomes
- Renters trying to keep rent below the burden threshold
- Households weighing ownership against renting
- Long-term owners who care about disaster-risk exposure
Poor Fit For
- Households dependent on a deep local wage market
- 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 Harmon 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. | $75,700 | $135,800 | $281,900 | 44% favorable44% below Oklahoma county median |
Median gross rent Lower usually helps affordability. | $663 | $811 | $1,163 | 18% favorable18% below Oklahoma county median |
Monthly owner cost Lower usually helps affordability. | $533 | $680 | $1,672 | 22% favorable22% below Oklahoma county median |
Median household income | $54,286 | $57,551 | $74,755 | 6% pressure6% below Oklahoma county median |
Effective property-tax rate Lower usually helps affordability. | 0.70% | 0.63% | 1.02% | 11% pressure11% above Oklahoma county median |
Rent burden Lower usually helps affordability. | 20.00% | 26.00% | N/A | 23% favorable20.00% 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
+$27,766
Median income minus rent threshold.
Owner cushion
+$31,443
Median income minus owner-cost threshold.
Affordability Advisory
This turns the raw housing numbers into income and buy-versus-rent screens.
Affordability verdict
Harmon County is affordable for renters, with a median gross rent of $663/month representing approximately 14.7% of median household income. The rent burden (GRAPI) stands at 20.0%.
Rent vs own
At $663/month rent versus $533/month in owner costs, owning is roughly $130/month cheaper , a 20% difference.
Income needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $26,520/year. For owner costs at the 28% rule, the required income is roughly $22,843/year. With a median household income of $54,286, most households can comfortably afford rent here. Notably, 20.0% of renter households in Harmon County are cost-burdened, spending more than 30% of income on housing.
Regional context
Harmon County sits 7% less expensive than Caddo County ($715/month) in terms of median gross rent.
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 |
|---|---|---|---|
| Tillman County, OK | $71,900 | $704/mo | Same-state comparison near $71,900 home value and $704/mo rent. |
| Jefferson County, OK | $77,500 | $588/mo | Same-state comparison near $77,500 home value and $588/mo rent. |
| Cimarron County, OK | $94,500 | $682/mo | Same-state comparison near $94,500 home value and $682/mo rent. |
| Coal County, OK | $92,500 | $679/mo | Same-state comparison near $92,500 home value and $679/mo rent. |
| Republic County, KS | $76,000 | $638/mo | Out-of-state peer near $76,000 home value and $638/mo rent. |
Data Confidence
- Crime coverage is partial, so safety comparisons need source context.
Next Checks
Housing Questions for Harmon County
Is Harmon County affordable for buying a home?
Is renting or owning cheaper in Harmon County?
How much income do you need for housing in Harmon County?
What should I double-check before moving to Harmon County?
Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.