The Most Affordable Neighborhoods in Frederick, OK by Home Value

These days, finding an affordable place to live in the Frederick area can be challenging. Home prices in Frederick are now at a median cost of $77,332, lower than the Oklahoma average of $210,566.

The average cost of rent is $727/mo in Frederick, primarily driven by the current value of real estate in the Frederick area. In Frederick, 29.70% of households rent, and 63.57% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Frederick is $4,304 per month. Households that rent pay about 16.89% of their income on rent here. Frederick’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern 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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