Cole: Housing & Real Estate
$235,700 is the median home value in Cole, with median rent $1,125 (1.2× higher than McClain County median $954; 1.1× higher than Oklahoma median $1,014). Homeownership rate: 92.2%. That's 1.1× below the McClain County median ($255,900); 1.2× higher than the Oklahoma median ($199,800). Market is warm. Vacancy rate 4.2%. New construction makes up 34.6% of stock. A municipal building code is in effect.
- 2.6× annual income — home value vs. household income (vs Oklahoma 3.3×).
- 17.5 years to break even renting at the median (vs Oklahoma 16y).
- 4-BR rent is 2.0× a studio — rent gradient by unit size.
- Median rent 9% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $235,700 — 1.1× the Oklahoma median ($205,300). Median rent $1,125/month. homeownership rate 92.2% — above the U.S. share of ~65%.
| Affordability · Home Price To Income | 2.6× |
|---|---|
| Affordability · Home Affordability | affordable |
| Affordability · Rent Pct Income | 11.8% |
| Affordability · Rent Affordability | affordable |
| Affordability · Poverty Rate | 11.3% |
| Affordability · Property Tax Pct Income | 1.6% |
| Fair Market Rent · Studio rent | $939 (at Oklahoma median) |
| Fair Market Rent · One-bedroom rent | $1,017 (vs Oklahoma $987) |
| Fair Market Rent · Two-bedroom rent | $1,244 (vs Oklahoma $1,217) |
| Fair Market Rent · Three-bedroom rent | $1,675 (vs Oklahoma $1,602) |
| Fair Market Rent · Four-bedroom rent | $1,857 (at Oklahoma median) |
| Fair Market Rent · HUD FMR area | Oklahoma City, OK HUD Metro FMR Area |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $240,086 |
| Median Home Value | $235,700 (vs Oklahoma $205,300) |
| Median Rent | $1,125 (vs Oklahoma $1,052) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 4.2% |
| Housing Market · New construction (% of stock) | 34.6% |
| Housing Market · Price Appreciation 2Yr | 0.8% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (5)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Oklahoma median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Oklahoma median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Oklahoma median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 98.3% (vs Oklahoma 78.9%) |
| Broadband · Broadband-capable premises | 296 |
| Electricity · Electricity rate (¢/kWh) | 12.24¢/kWh |
| Electricity · Customers | 1878818 |
| Electricity · Revenue Millions | $2,977 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Oklahoma median) |
| Mobile Broadband · 5G mobile coverage | 1.000000000 (at Oklahoma median) |
| Mobile Home Parks Detail · County total | 1 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 92.2% (vs Oklahoma 58.6%) |
|---|---|
| Median Year Built | 2004 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12