The Most Affordable Neighborhoods in Commerce, OK by Home Value

These days, finding an affordable place to live in the Commerce area can be challenging. Home prices in Commerce are now at a median cost of $80,171, lower than the Oklahoma average of $210,566.

The average cost of rent is $712/mo in Commerce, primarily driven by the current value of real estate in the Commerce area. In Commerce, 35.69% of households rent, and 56.12% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Commerce is $3,091 per month. Households that rent pay about 23.03% of their income on rent here. Commerce’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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