The Most Affordable Neighborhoods in Commerce, OK by Home Value

 

Commerce, OK Map of Most Affordable Neighborhoods
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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 $67,007, lower than the Oklahoma average of $161,319.

The average cost of rent is $626/mo in Commerce, primarily driven by the current value of real estate in the Commerce area. While nearly 56.07% of residents own their homes outright in Commerce, 32.54% rent.

Housing affordability isn’t just about home prices, though. The average household income in Commerce is $2,820 per month. Households that rent pay about 22.21% of their income on rent here. Commerce's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.


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