The median home in Elgin, Oklahoma is valued at $294,596, up 5.3% year over year. Typical monthly rent is $1,838, producing a price-to-rent ratio of 13.4x — below the national average of 18x. Elgin is part of the Lawton, OK metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$294,596

+5.3%

Rent$1,838/mo

Prices rising — worse for buyers.

Affordability

Enter your income for Elgin.

Income (annual)

Down Payment

$58,919 on $294,596

Example: $75,000 household income. Change it above to see your own.

Stretch31.4% of income

Above 28% but manageable with cuts.

PITI$1,961

P/I31.4%

Afford$263K

Gap-$32K

P&I $1,490Tax $221Ins $250

Renting $123/mo cheaper ($1,838 rent)6.50% 30yr, 20% down, county tax + OK ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Oklahoma

Compare Elgin with other housing markets across Oklahoma.

Nichols Hills$941K Goldsby$408K Cleora$400K Cedar Valley$361K Afton$350K Edmond$348K Jenks$344K Jones$340K

Full Lawton, OK analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Lawton, OK metro.

View Lawton, OK metro

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Elgin, OK