Metro area index
Home appreciation in the Oklahoma City, OK metro area
FHFA HPI® data shows the Oklahoma City, OK metro area's all-transactions index changed +2.4% over the year to Q2 2026, versus +2.8% for Oklahoma and +3.0% for the U.S. That ranks 258th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +2.4%
- 5-year change
- +36.4%
- Since Q1 1995
- +247%
- Metro rank (1 year)
- 258th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Oklahoma City, OK vs Oklahoma and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Oklahoma City, OK: 347.3
- Oklahoma: 338.0
- United States: 391.6
Appreciation by time window
| Window | Metro | OK | U.S. | Gap vs OK | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.4% | +2.8% | +3.0% | −0.4 pts | −0.6 pts |
| 3 years | +9.2% | +11.6% | +12.9% | −2.4 pts | −3.7 pts |
| 5 years | +36.4% | +39.9% | +41.3% | −3.6 pts | −4.9 pts |
| 10 years | +74.5% | +77.0% | +93.3% | −2.5 pts | −18.8 pts |
| Since Q1 1995 | +247% | +238% | +292% | +9.3 pts | −44.3 pts |
3-digit ZIP regions in the Oklahoma City, OK area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 731 · Oklahoma City, OK area | OK | +0.8% | +33.5% | +255% | 100% |
| 730 · Norman, OK area | OK | +3.6% | +38.6% | +237% | 85% |
| 748 · Shawnee, OK area | OK | +1.5% | +38.9% | +225% | 19% |
Boom, bust, and recovery in Oklahoma City, OK area
Oklahoma City, OK area's index peaked in Q1 2009, fell 3.1% to its low in Q2 2011, and regained its peak in Q1 2013, about 4 years after the top. Today it sits +96.7% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2009 | Q2 2011 | -3.1% | Q1 2013 (4 yrs) | +96.7% |
| OK | Q1 2009 | Q3 2011 | -3.6% | Q2 2013 (4.2 yrs) | +93.4% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Oklahoma City, OK area's index has changed +56.9% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | OK after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -1.4% | -1.0% | -0.8% |
| 3 years | +9.8% | -0.6% | +1.6% | +2.8% |
| 5 years | +24.0% | +10.0% | +12.8% | +13.9% |
| 10 years | +39.1% | +25.5% | +27.3% | +39.0% |
| Since Q1 1995 | +121% | +56.9% | +52.6% | +76.8% |
If you bought in the Oklahoma City, OK area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +238% | $1,014,450 |
| Q2 2000 | +184% | $852,779 |
| Q2 2005 | +120% | $660,186 |
| Q2 2010 | +100% | $600,000 |
| Q2 2015 | +80.9% | $542,653 |
| Q2 2020 | +50.4% | $451,091 |
| Q2 2021 | +36.4% | $409,142 |
| Q2 2023 | +9.2% | $327,489 |
| Q2 2025 | +2.4% | $307,237 |
Frequently asked questions
- How much have home prices risen in the Oklahoma City, OK area?
- FHFA HPI® data for the Oklahoma City, OK metro area shows changes of +2.4% over one year, +36.4% over five years, and +74.5% over ten years to Q2 2026, and +247% since Q1 1995.
- Is the Oklahoma City, OK area beating the national average?
- Over the past year the metro's index moved −0.6 pts versus the U.S.; over five years the gap is −4.9 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.