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Red Oak

Learn about the people, housing, costs and businesses in Red Oak, Oklahoma

Median Home$109,000
Median Rent$756/month
Population549
Leading IndustriesHealthcare · Manufacturing · Professional Services15% healthcare
Retirees34% of residentstop 4% nationally
Homeowners81% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableAffordable Market$109k median home · lower cost than 89% of the country
Red Oak
OK

Frequently Asked Questions

What are today's mortgage rates in Red Oak?

As of today, the 30-year fixed mortgage rate for Red Oak is approximately 6.917% (6.954% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Red Oak?

The median home value in Red Oak is $109k. The median monthly rent is $756. Annual property taxes average $559. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Red Oak?

Based on a typical all-in ownership cost of $598/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Red Oak is $49k/year.

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What industries drive the economy in Red Oak?

The largest employment sectors in Red Oak are public administration (20%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.