Español

Este sitio también está en español. Leer en español

City · 22,192 residents · Canadian County, Oklahoma

Mustang , Oklahoma

In Mustang, a typical home is worth $239,200 and typical rent is $1,287 a month. Home values, rent and income are very close to those of all of Canadian County.

WhatsApp

  • Typical home value

    $239,200

    3% below the county

    20% above Oklahoma

    • Mustang
    • Canadian
    • Oklahoma

  • Typical rent

    $1,287a month

    About the same as the county

    27% above Oklahoma

    • Mustang
    • Canadian
    • Oklahoma

  • Typical household income

    $87,844a year

    About the same as the county

    35% above Oklahoma

    • Mustang
    • Canadian
    • Oklahoma

  • Households that own their home

    76%

    1 points above the county

    10 points above Oklahoma

    • Mustang
    • Canadian
    • Oklahoma

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$278,310
1.2% more than 12 months ago
Typical rent
$1,682 a month
1.2% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Mustang is in Canadian 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 Canadian County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Mustang apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Warr Acres, the typical home value is $164,500: 31% less than in Mustang ($239,200).

  2. Nearby, in Warr Acres, the typical rent is $919: 29% less than in Mustang ($1,287).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Mustang

What homes there are in Mustang, 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

The detached house rules in Mustang: 88% of homes, more than in Canadian County (83%).

Year built

In Mustang, half of the homes were built before 1992; in Canadian County, before 1999.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA loan limit for Canadian County is $541,287, and about 96% of owner-occupied homes in Mustang are worth less than that.

Monthly rent with utilities

With a mortgage

$1,672 a month

Canadian County: $1,738 a month

Without a mortgage

$646 a month

Canadian County: $663 a month

Owners with a mortgage

67%

Canadian County: 66%

In Mustang, 67% of owners have a mortgage; their typical cost is $1,672 a month, about the same as in Canadian County.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, home values in Mustang rose at about the same pace as in Canadian County: 49% against 49%.

Since 2015–2019, the typical rent in Mustang rose 22%, less than in Canadian County (37%).

The typical household income in Mustang rose 19%: less than home values (+49%) and rent (+22%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMustangCanadian CountyOklahomaUnited States
Rental vacancy Unreliable estimate7.0%6.5%5.5%
Homeowner vacancy Unreliable estimate1.2%1.2%0.9%
More than one person per room Unreliable estimate2.5%2.9%3.4%
People per household 2.772.862.502.53
Drive alone 77%80%77%69%
Carpool 10%8%10%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 13%10%9%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutesUnreliable estimate20 to 29 minutes

Much as in Canadian County, a household in Mustang has 2.77 people on average.

To get to work, 77% of workers in Mustang drive alone; in Canadian County, 80%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Mustang?

A typical home is within reach of the typical income

We start with a typical home in Mustang, worth $239,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 27% of the typical household income in Mustang, which is $87,844 a year.

The calculator's FHA and conventional loan limits are those of all of Canadian County.

Your numbers

Local data
$

Starts at the typical home value in Mustang. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,372 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,986

at 7.18% · 30 years

Loan amount
$234,867
Total interest
$337,919
Paid off in
November 2056

Includes $4,039 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,050 a month

    Your payment · 27%

  • Tight

    $2,050 to $2,635 a month

  • Hard

    more than $2,635 a month

Compared with the typical household income in Mustang ($87,844 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,986
Principal & interest$1,591
Property tax$189
Home insurance$100
FHA mortgage insurance (MIP)$106

You need at least $8,372 for the down payment, plus closing costs.

Next step

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.

The city and its county

Mustang and Canadian County

Mustang is in Canadian 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).

Mustang's own numbers

Typical home value
$239,200
Typical monthly rent
$1,287
Typical yearly household income
$87,844
Households that own their home
76%
Effective property tax rate
0.95%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Canadian County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,264
Price change over 5 years (FHFA)
+44%
Homes in a high flood-risk zone
1.9%

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 Canadian County.

Everything about Canadian County

Buying

Buying a home in Mustang

A typical home in Mustang is worth $239,200: 3% below the county and 20% above Oklahoma. With the typical household income in Mustang ($87,844 a year), a typical home costs 2.7 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.

  • Mustang 2.7 years
  • Canadian 2.8 years
  • Oklahoma 3.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Canadian County

According to FHFA’s house price index, home prices in Canadian County rose 70% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Canadian County.

Period County Oklahoma U.S.
Last year (2025) +0.2% +2.6% +2.9%
5 years (2020–2025) +44% +46% +47%
10 years (2015–2025) +70% +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

Mustang next to Canadian 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
  • Mustang $239,200
  • Canadian $246,200
  • Oklahoma $199,800
  • United States $332,700
Typical monthly rent
  • Mustang $1,287
  • Canadian $1,289
  • Oklahoma $1,014
  • United States $1,413
Typical yearly household income
  • Mustang $87,844
  • Canadian $87,751
  • Oklahoma $65,039
  • United States $80,734
See the full table
Mustang next to Canadian County and Oklahoma
Measure Mustang Canadian County Oklahoma U.S.
Typical home value $239,200 $246,200 $199,800 $332,700
Typical monthly rent $1,287 $1,289 $1,014 $1,413
Typical yearly household income $87,844 $87,751 $65,039 $80,734
Households that own their home 76% 75% 66% 65%
Typical yearly property tax $2,269 $2,394 $1,599 $3,119
Effective property tax rate 0.95% 0.97% 0.8% 0.94%
Renters with high rent for their income 41% 46% 46% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Canadian 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 Mustang

For a typical $239,200 home in Mustang, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Mustang's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,986a month

    Least cash to close
    Down payment
    $8,372
    Cash to close
    $15,548
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $106

  • Conventional, 5% down $1,942a month

    Down payment
    $11,960
    Cash to close
    $19,136
    Rate
    7.18%
    Mortgage insurance
    PMI · $114

  • Conventional, 20% down, no PMI $1,585a month

    Down payment
    $47,840
    Cash to close
    $55,016
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,807a month

    Down payment
    $35,880
    Cash to close
    $43,056
    Rate
    8.18%
    Mortgage insurance
    None

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.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Mustang and for Canadian County.

Property tax

Effective rate in Mustang

0.95%of the home’s value each year

$2,269 a year for the typical owner in Mustang.

  • Mustang 0.95%
  • Canadian 0.97%
  • Oklahoma 0.8%

What Oklahoma publishes Homestead exemption of $1,000 of assessed value (Oklahoma Legislature (Oklahoma Statutes, Title 68))

Exemptions and deadlines in Oklahoma

Flood risk in Canadian County

FEMA does not publish these numbers by city: they are for all of Canadian County.

Homes in the high-risk zone
1.9%
1,011
Of those, with NFIP insurance
11%
County Oklahoma U.S.
Homes in the high-risk zone 1.9% 2.2% 3.5%
Of those, with NFIP insurance 11% 13% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Mustang

Typical rent in Mustang is $1,287 a month: about the same as the county. In Mustang, 41% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Canadian County, by unit size. To pay the 2-bedroom one ($1,264 a month) without spending more than 30% of your income, you would need to earn $24.31 an hour working full time.

HUD fair market rent for all of Canadian County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $958 $18.42 $38,320
1 bedroom $1,040 $20.00 $41,600
2 bedrooms $1,264 $24.31 $50,560
3 bedrooms $1,713 $32.94 $68,520
4 bedrooms $1,923 $36.98 $76,920

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 Mustang

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Mustang is in ZIP code 73064.

For 2 bedrooms it is $1,470: $206 more than the fair market rent for Canadian County ($1,264).

  • 73064 $1,470$1,990

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Mustang 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 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Mustang

HUD lists 3 buildings with rents for lower incomes in Mustang. These are the largest.

  • Greens at Pebble Creek 261 E Pebble Creek Ter, Mustang 73064 96 homes, 95 low-income · 1 bd: 16 · 2 bd: 48 · 3 bd: 32 · In service since 2003 · For people with disabilities, families
  • Strawberry Fields 400 N Trade Center Ter, Mustang 73064 65 low-income homes · For older adults (405) 376-9302
  • Landing at Pebble Creek 294 E Pebble Creek Ter, Mustang 73064 48 low-income homes · 1 bd: 24 · 2 bd: 24 · In service since 2007 · For older adults

See all 14 buildings in Canadian County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Mustang

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 Canadian County. The nearest ones are below; many serve by phone or online.

Two women and a girl laugh together at the bus stop.

HUD counseling is free or low-cost

Assistance programs in Mustang

No down payment, repair or rent-help program on our list is for Mustang or Canadian County. The ones below are statewide in Oklahoma: they work in Mustang the same as in the rest of the state.

Which programs do I qualify for? All programs in Oklahoma

  • OHFA Homebuyer Down Payment Assistance

    Statewide in Oklahoma

    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).

    Deferred

    See the program Official page

Housing counselors near Mustang

The HUD-approved agencies closest to the center of Mustang, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Action Agency of Oklahoma City and Oklahoma/Canadian Counties, Inc.

    319 SW 25th St, Oklahoma City · 12 miles away

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    (405) 232-0199

  • Neighborhood Housing Services Oklahoma City

    4101 N Classen Blvd Ste A, Oklahoma City · 14 miles away · Spanish

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    (405) 231-4663

  • Chickasaw Nation Division of Housing

    111 Rosedale Rd, Ada · 72 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (580) 421-8817

All counseling agencies in Oklahoma

Help in Spanish near Mustang

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Mustang

HUD lists no housing authority with an office in Canadian County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Oklahoma Source: HUD

Cities

Other cities in Canadian County

These cities are also in Canadian County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Canadian County Housing in Oklahoma

Nearby cities

The cities closest to Mustang, with the typical home value.

Neighboring counties

If Canadian County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Mustang.

All guides
Two parents walk hand in hand with their little daughter.

Questions

Housing questions about Mustang

Short answers with the numbers for Mustang and all of Canadian 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 Mustang?

The typical home value in Mustang is $239,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Canadian County it is $246,200.

How much does it cost to rent in Mustang?

Typical rent in Mustang is $1,287 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Canadian County is $1,264.

What is the FHA loan limit in Mustang?

Mustang uses the FHA limit for all of Canadian 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 Mustang?

The typical homeowner in Mustang pays $2,269 a year, according to the U.S. Census Bureau. That is 0.95% of the home’s value; in Canadian County, the rate is 0.97%.

Where can I find free help to buy or rent in Mustang?

We found no HUD-approved counseling agencies with an office in Canadian County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).