Mustang, Oklahoma Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Mustang, Oklahoma rental market.
Mustang, Oklahoma
Average Apartment Rent
$1,173
Y-o-Y Change in Average
Apartment Rent
9.8%
As of July 2024
Compared to a year ago, Mustang, Oklahoma apartments have recorded a 9.8% rent increase.
Mustang, Oklahoma Average apartment rent trend
Mustang, Oklahoma Average Apartment Rent
Mustang, Oklahoma Apartment rent ranges
At 67.27%, apartments priced $1,000 - $1,500 represent the bulk of Mustang, Oklahoma rentals, while condos priced $700 - $1000 hold the lowest share of the market – 32.73%.
Mustang, Oklahoma Housing tenure**
Renters take up 23% of Mustang, Oklahoma real estate, occupying a total of 1,725 units, while homeowners live in 5,892 properties.
Median number of rooms of renter-occupied housing units**
4.8
Renter median household income**
$44,385
Average household size of renter-occupied housing units**
2.71
Rental vacancy rate**
14.3%
Mustang, Oklahoma Renter-occupied housing units by no. of bedrooms**
There are 746 rentals in Mustang, Oklahoma with 3 beds making up the highest share of the market, at 43%. Units with 4 beds, on the other hand, hold the lowest percentage (7%), amounting to 122 units. Overall, the median number of rooms in Mustang, Oklahoma homes for rent is 4.8.
Mustang, Oklahoma Renter-occupied units by age of householder**
Most condos for rent in Mustang, Oklahoma are occupied by residents in the 35 - 44 years age group (27%), followed by those in the 25 - 34 years age group (24%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 4%.
Mustang, Oklahoma Renter-occupied housing units by family type**
Mustang, Oklahoma Renter-occupied housing units by the presence of own children**
A total of 1,060 apartments for rent in Mustang, Oklahoma, or 61% of all rentals are family households. Additionally, 38% of rental homes include children under the age of 18 – that’s 655 units. All in all, the median size of a renter-occupied household in Mustang, Oklahoma is 2.71.
Mustang, Oklahoma Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 16% of the rental market. In contrast, residents with less than a high school degree reside in 17% of the homes for rent in Mustang, Oklahoma.
Mustang, Oklahoma Renter-occupied units by year structure built**
The highest share of Mustang, Oklahoma apartment rentals, namely 31% or 530 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (16%, 275 units), and the ones Built 2000 - 2009 (16%, 271 units).
Mustang, Oklahoma Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Mustang, Oklahoma renters (46%) moved in 2018 to 2020, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Mustang, Oklahoma condos for rent is 2018.
Mustang, Oklahoma Renter-occupied housing units by vehicles available**
When it comes to transportation options, 38% of Mustang, Oklahoma renters have 1 vehicle available per household, 36% of them have 2 vehicles available, and 14% have No vehicle available.
Mustang, Oklahoma Means of transportation to work of householders living in renter-occupied housing units**
Mustang, Oklahoma Geographical mobility in the past year for householders living in renter-occupied housing units**
Mustang, Oklahoma Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Mustang, Oklahoma apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
