Olustee, OK 73537 housing market

What this means

• Valuation. Prices are 23% below this area's pre-2020 price-to-income norm, cheaper relative to incomes than before the pandemic.
• Prices. Home values are down 1.8% over the past year (U.S.: +1.2%), 15% below their 2022-23 peak.
• Supply. There are 20% more homes for sale than the 2017-19 norm and falling (−33% vs. a year ago), so buyers have more to choose from than before the pandemic.
• Negotiating. Buyer leverage is high (82/100; U.S.: 54) (as of Jun 2026): homes sell for about 38.1% below their final list price (as of May 2025); 0% of listings had a price cut (U.S.: 26%) (as of Jun 2026).
• Affordability. A mortgage on the typical home takes 12% of the median household income (U.S.: 35%); it takes about $23k a year to keep the payment at 30% of gross pay. That includes about $2,262 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $770 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from tornadoes, hail and wind. Check insurance costs before buying.
• Outlook. No clear direction: likely −7% to +9% over the next 12 months (65% 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: −7.1% to +9.2% (80% range; middle estimate +2.1%), chance of a rise 65%, of a 5%+ drop 15%.

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.

Other ZIP codes in Jackson County, OK