Shawnee housing market

Seller's marketShawnee, OK metro areaData through Sep 2026
Typical home value
$193K
▲ 3.6% 1 yr
Typical rent
$1,080/mo
▲ 2.5% 1 yr
12-month forecast
+3.7%
#72 of 546 metros
Gross rent yield
6.7%
#161 of 546 · U.S. 6.3%
Days to pending
70 days
▲ +11 days 1 yr
Listings with a price cut
28%
▼ −2.0 pts 1 yr

Key takeaways

  • 1The typical home is worth $192,695, up 3.6% in a year and up 31% over five years.
  • 2Zillow forecasts home values rising 3.7% over the next 12 months (U.S.: +1.1%).
  • 3Typical rent is $1,080/mo (+2.5% YoY), a 6.7% gross yield, above the U.S. 6.3%.
  • 4At 7.32% with 20% down, the typical home costs $1,059/mo in principal and interest, $21 less than renting.
  • 5Homes go under contract in 70 days (+11 days vs last year); 28% of listings have had a price cut.
Market temperature
Seller's market
Buyer'sNeutralSeller's

Zillow Market Heat Index: 56/100, #77 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.

Home values and rent

Typical home value
Latest $193K
$103K$131K$159K$187K2016201920222025
Typical monthly rent
Latest $1,080
$980$1,014$1,047$1,0812023202420252026

How fast homes are selling

Days to go under contract
Latest 70
2348729720182020202220242026
Share of listings with a price cut
Latest 28.0%
15.2%19.8%24.4%29.0%20182020202220242026
Homes for sale vs new listings
Latest 400
For saleNew listings
8118529039420182020202220242026
Share of homes sold above list price
Latest 22.5%
12.6%20.7%28.8%36.8%20182020202220242026

Source: Zillow Research (ZHVI, ZORI and market activity data).

How Shawnee compares

MeasureShawneeUnited StatesRank of 546
Home value, 1-yr change+3.6%+1.2%#151
Home value, 5-yr change+31.5%+19.7%
12-month forecast+3.7%+1.1%#72
Rent, 1-yr change+2.5%+2.7%#360
Gross rent yield6.7%6.3%#161
Price-to-rent ratio14.915.8
Mortgage P&I on typical home$1,059$2,012
Days to pending7056

Cities in the Shawnee metro

1 cities with home value and rent data.

Shawnee$179K▲ 2.3%$1,117▲ 2.4%7.5%

Run the numbers

Other Oklahoma metros

Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.