Sand Springs, 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 Sand Springs, Oklahoma rental market.
Sand Springs, Oklahoma
Average Apartment Rent
$842
Y-o-Y Change in Average
Apartment Rent
9.2%
As of November 2024
Compared to a year ago, Sand Springs, Oklahoma apartments have recorded a 9.2% rent increase.
Sand Springs, Oklahoma Average apartment rent trend
Sand Springs, Oklahoma Average Apartment Rent
Sand Springs, Oklahoma Apartment rent ranges
At 74.47%, apartments priced $700 - $1000 represent the bulk of Sand Springs, Oklahoma rentals, while condos priced $500 - $700 hold the lowest share of the market – 12.77%.
Sand Springs, Oklahoma Housing tenure**
Renters take up 30% of Sand Springs, Oklahoma real estate, occupying a total of 2,195 units, while homeowners live in 5,232 properties.
Median number of rooms of renter-occupied housing units**
4.6
Renter median household income**
$47,515
Average household size of renter-occupied housing units**
2.36
Rental vacancy rate**
7.5%
Sand Springs, Oklahoma Renter-occupied housing units by no. of bedrooms**
There are 775 rentals in Sand Springs, Oklahoma with 2 beds making up the highest share of the market, at 35%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 24 units. Overall, the median number of rooms in Sand Springs, Oklahoma homes for rent is 4.6.
Sand Springs, Oklahoma Renter-occupied units by age of householder**
Most condos for rent in Sand Springs, Oklahoma are occupied by residents in the 35 - 44 years age group (19%), followed by those in the 25 - 34 years age group (18%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Sand Springs, Oklahoma Renter-occupied housing units by family type**
Sand Springs, Oklahoma Renter-occupied housing units by the presence of own children**
A total of 1,219 apartments for rent in Sand Springs, Oklahoma, or 56% of all rentals are family households. Additionally, 32% of rental homes include children under the age of 18 – that’s 695 units. All in all, the median size of a renter-occupied household in Sand Springs, Oklahoma is 2.36.
Sand Springs, Oklahoma Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 14% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Sand Springs, Oklahoma.
Sand Springs, Oklahoma Renter-occupied units by year structure built**
The highest share of Sand Springs, Oklahoma apartment rentals, namely 17% or 377 units, were Built 1970 - 1979, followed by those Built 2000 - 2009 (15%, 333 units), and the ones Built 1980 - 1989 (13%, 294 units).
Sand Springs, Oklahoma Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Sand Springs, Oklahoma renters (47%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Sand Springs, Oklahoma condos for rent is 2017.
Sand Springs, Oklahoma Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Sand Springs, Oklahoma renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 10% have No vehicle available.
Sand Springs, Oklahoma Means of transportation to work of householders living in renter-occupied housing units**
Sand Springs, Oklahoma Geographical mobility in the past year for householders living in renter-occupied housing units**
Sand Springs, 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 Sand Springs, 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
