City · 11,361 residents · Beckham County, Oklahoma
Elk City, Oklahoma
In Elk City, a typical home is worth $150,400 and typical rent is $943 a month. Home values, rent and income are very close to those of all of Beckham County.
Typical home value from Zillow, September 2021 to September 2026: from $132,386 to $168,510.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Elk City is in Beckham County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Beckham County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Anadarko, the typical home value is $89,300: 41% less than in Elk City ($150,400).
2
Nearby, in Anadarko, the typical rent is $775: 18% less than in Elk City ($943).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Elk City
What homes there are in Elk City, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Elk City
Beckham County
Oklahoma
United States
Kind of home: Elk City and its comparisons
Measure
Elk City
Beckham County
Oklahoma
United States
Detached house
65%
66%
73%
61%
Attached house
Unreliable estimate
Unreliable estimate
2%
6%
Building of 2 to 4
9%
7%
5%
8%
Apartments (5 or more)
Unreliable estimate
Unreliable estimate
12%
19%
Mobile home
8%
14%
8%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
As in Beckham County, most homes in Elk City are detached houses (65%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Elk City
Beckham County
Oklahoma
United States
Year built: Elk City and its comparisons
Measure
Elk City
Beckham County
Oklahoma
United States
Before 1960
25%
26%
21%
26%
1960–1979
28%
28%
28%
24%
1980–1999
18%
18%
24%
25%
2000–2009
11%
12%
13%
14%
2010 or later
18%
17%
13%
11%
By age, homes in Elk City look like those in Beckham County: the typical year built is 1978.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K24%
$100K–$200K44%
$200K–$300K23%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Elk City and its comparisons
Measure
Elk City
Under $100K
24%
$100K–$200K
44%
$200K–$300K
23%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99952%
$1,000–$1,49934%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Elk City and its comparisons
Measure
Elk City
Under $500
Unreliable estimate
$500–$999
52%
$1,000–$1,499
34%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,172 a month
Beckham County: $1,233 a month
Without a mortgage
$553 a month
Beckham County: $520 a month
Owners with a mortgage
45%
Beckham County: 43%
The typical cost for an owner with a mortgage in Elk City is $1,172 a month, near the figure in Beckham County ($1,233).
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Elk CityNo clear change
Beckham CountyNo clear change
Oklahoma+46%
United States+53%
Typical rent
Elk City+27%
Beckham County+26%
Oklahoma+25%
United States+33%
Typical household income
Elk CityNo clear change
Beckham CountyNo clear change
Oklahoma+23%
United States+29%
Change since 2015–2019: Elk City and its comparisons
Measure
Elk City
Beckham County
Oklahoma
United States
Typical home value
No clear change
No clear change
+46%
+53%
Typical rent
+27%
+26%
+25%
+33%
Typical household income
No clear change
No clear change
+23%
+29%
The typical home value in Elk City stayed about the same since 2015–2019: the Census sees no clear change.
The typical rent in Elk City rose 27% since 2015–2019, about the same as in Beckham County (26%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Elk City and its comparisons
Measure
Elk City
Beckham County
Oklahoma
United States
Rental vacancy
22.2%
17.4%
6.5%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.2%
0.9%
More than one person per room
Unreliable estimate
4.4%
2.9%
3.4%
People per household
2.26
2.35
2.50
2.53
Drive alone
79%
76%
77%
69%
Carpool
14%
13%
10%
9%
Public transit
Unreliable estimate
Unreliable estimate
0%
3%
Walk or bike
Unreliable estimate
3%
2%
3%
Work from home
Unreliable estimate
4%
9%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
Unreliable estimate
Unreliable estimate
20 to 29 minutes
The rental vacancy rate in Elk City is 22.2%, higher than in Beckham County (17.4%).
A household in Elk City has 2.26 people on average, about the same as in Beckham County (2.35).
In Elk City, 79% of workers drive alone to work; in Beckham County, 76%.
Do the math
What would you pay each month for a home in Elk City?
A typical home is tight for the typical income
We start with a typical home in Elk City, worth $150,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 29% of the typical household income in Elk City, which is $51,272 a year. For that payment to be 28% of income, a household would need to earn about $53,246 a year.
The calculator's FHA and conventional loan limits are those of all of Beckham County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Elk City. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $5,264 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,242
at 7.18% · 30 years
Loan amount
$147,676
Total interest
$212,471
Paid off in
November 2056
Includes $2,540 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,196 a month
Tight
$1,196 to $1,538 a month
Your payment · 29%
Hard
more than $1,538 a month
Compared with the typical household income in Elk City ($51,272 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,000
Property tax
$113
Home insurance
$63
FHA mortgage insurance (MIP)
$67
You need at least $5,264 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,242; principal and interest $1,000.
The city and its county
Elk City and Beckham County
Elk City is in Beckham County, Oklahoma. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Elk City
Map of Beckham County, Oklahoma, with Elk City marked. Around it, the neighboring counties.
Elk City
Beckham County
Elk City's own numbers
Typical home value
$150,400
Typical monthly rent
$943
Typical yearly household income
$51,272
Households that own their home
64%
Effective property tax rate
0.9%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Beckham County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,039
Price change over 5 years (FHFA)
+35%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Beckham County.
A typical home in Elk City is worth $150,400: 5% above the county and 25% below Oklahoma. With the typical household income in Elk City ($51,272 a year), a typical home costs 2.9 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Elk City2.9 years
Beckham2.7 years
Oklahoma3.1 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Beckham County
According to FHFA’s house price index, home prices in Beckham County rose 37% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Beckham County.
Yearly change in FHFA’s price index in Beckham County, 2016 to 2025
2016: −3.4% −3.4% 2016
2017: +3.8% +3.8% 2017
2018: +4.5% +4.5% 2018
2019: −2.5% −2.5% 2019
2020: −0.1% −0.1% 2020
2021: +7.6% +7.6% 2021
2022: +9.1% +9.1% 2022
2023: +2.8% +2.8% 2023
2024: +10.4% +10.4% 2024
2025: +1.0% +1.0% 2025
Change in FHFA’s price index in Beckham County, Oklahoma and the United States
Period
County
Oklahoma
U.S.
Last year (2025)
+1.0%
+2.6%
+2.9%
5 years (2020–2025)
+35%
+46%
+47%
10 years (2015–2025)
+37%
+71%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Elk City next to Beckham County, Oklahoma and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Elk City$150,400
Beckham$143,500
Oklahoma$199,800
United States$332,700
Typical monthly rent
Elk City$943
Beckham$904
Oklahoma$1,014
United States$1,413
Typical yearly household income
Elk City$51,272
Beckham$53,328
Oklahoma$65,039
United States$80,734
See the full table
Elk City next to Beckham County and Oklahoma
Measure
Elk City
Beckham County
Oklahoma
U.S.
Typical home value
$150,400 ▲5% above the county
$143,500
$199,800
$332,700
Typical monthly rent
$943 ▲4% above the county
$904
$1,014
$1,413
Typical yearly household income
$51,272 ▼4% below the county
$53,328
$65,039
$80,734
Households that own their home
64% ▼4 points below the county
68%
66%
65%
Typical yearly property tax
$1,357 ▲12% above the county
$1,207
$1,599
$3,119
Effective property tax rate
0.9% ▲0.06 points above the county
0.84%
0.8%
0.94%
Renters with high rent for their income
51% ▲3 points above the county
49%
46%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Beckham County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Elk City
For a typical $150,400 home in Elk City, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Elk City's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,242a month
Least cash to close
Down payment
$5,264
Cash to close
$9,776
Rate
7.18%
Mortgage insurance
FHA MIP · $67
Conventional, 5% down$1,215a month
Down payment
$7,520
Cash to close
$12,032
Rate
7.18%
Mortgage insurance
PMI · $71
Conventional, 20% down, no PMI$991a month
Down payment
$30,080
Cash to close
$34,592
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,130a month
Down payment
$22,560
Cash to close
$27,072
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Elk City
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,242
$5,264
$147,676
7.18%
FHA MIP · $67
$9,776
580
Conventional, 5% down
$1,215
$7,520
$142,880
7.18%
PMI · $71
$12,032
620*
Conventional, 20% down, no PMI
$991
$30,080
$120,320
7.18%
None
$34,592
620*
ITIN, 15% down (example)
$1,130
$22,560
$127,840
8.18%
None
$27,072
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Elk City is $943 a month: 4% above the county. In Elk City, 51% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Beckham County, by unit size. To pay the 2-bedroom one ($1,039 a month) without spending more than 30% of your income, you would need to earn $19.98 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Beckham County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$724
$13.92
$28,960
1 bedroom
$794
$15.27
$31,760
2 bedrooms
$1,039
$19.98
$41,560
3 bedrooms
$1,238
$23.81
$49,520
4 bedrooms
$1,480
$28.46
$59,200
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Elk City
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Elk City is in ZIP code 73644.
For 2 bedrooms it is $1,070: $31 more than the fair market rent for Beckham County ($1,039).
Fair market rent by ZIP code and size in Elk City, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
73644
$750
$820
$1,070
$1,280
$1,520
ZIP code2 bd3 bd
73644 $1,070$1,280
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Elk City when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 4 buildings with rents for lower incomes in Elk City. These are the largest.
Southgate Village 221(d)4 HUD Held)807 S Oliver Ave, Elk City 7364475 low-income homes · For families(580) 225-0044
Fairview Village1714 W 9th St, Elk City 73644150 homes, 146 low-income · Run by Housing Authority of the City of Elk City · Average payment: $396 a month · Average wait: 7 months(580) 225-0129
Eagle FlatsAlong Oakridge DR. South of BL, Elk City 7364835 low-income homes · 2 bd: 18 · 3 bd: 17 · In service since 2020 · For families
Jaycee Village417 N Jefferson Ave, Elk City 7364412 low-income homes · For older adults(580) 706-1464
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Beckham County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Elk City or Beckham County. The ones below are statewide in Oklahoma: they work in Elk City the same as in the rest of the state.
Oklahoma state agency help of 3.5% of the loan for the down payment and closing costs, as a second lien with no interest and no installments, repaid when you pay off the loan, refinance or leave the home.Offered by Oklahoma Housing Finance Agency (OHFA).
No legal help resource on our list is for Elk City or Beckham County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Elk City and all of Beckham County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Elk City?
The typical home value in Elk City is $150,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Beckham County it is $143,500.
How much does it cost to rent in Elk City?
Typical rent in Elk City is $943 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Beckham County is $1,039.
What is the FHA loan limit in Elk City?
Elk City uses the FHA limit for all of Beckham County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Elk City?
The typical homeowner in Elk City pays $1,357 a year, according to the U.S. Census Bureau. That is 0.9% of the home’s value; in Beckham County, the rate is 0.84%.
Where can I find free help to buy or rent in Elk City?
We found no HUD-approved counseling agencies with an office in Beckham County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
