Alfalfa County, OK housing market

What this means

• Valuation. Prices are 11% below this area's pre-2020 price-to-income norm, cheaper relative to incomes than before the pandemic.
• Prices. Home values are down 10.6% over the past year (U.S.: +1.2%), 34% below their 2022-23 peak.
• Supply. There are 11% more homes for sale than the 2017-19 norm and falling (−47% vs. a year ago), so buyers have more to choose from than before the pandemic.
• Negotiating. Buyer leverage is high (84/100; U.S.: 54): homes typically sell at or above asking (100.0% of list) (as of May 2026); 13% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 13% of the median household income (U.S.: 35%); it takes about $27k a year to keep the payment at 30% of gross pay. That includes about $2,396 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $310 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding. Flood isn't covered by standard homeowners insurance.
• Outlook. No clear direction: likely −9% to +8% over the next 12 months (55% chance of a rise).

Next 12 months

No clear direction

A rise is somewhat more likely than a fall, but not by enough to call. Likely change: −8.8% to +7.6% (80% range; middle estimate +0.7%), chance of a rise 55%, of a 5%+ drop 19%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

ZIP codes in Alfalfa County, OK