Frederick, Oklahoma.
Typical home $51,566 (-6.1% in a year).
to buy the typical home at today's mortgage rate — +$124 (+85%) since Jan 2020.
- 1 year
- Down $3,355 -6%
- $54,922$51,566 since Sep 2025
- 5 years
- Up $4,129 +9%
- $47,437$51,566 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Frederick$271
- Oklahoma$1,159
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 42 years.
Typical home values in Frederick, OK fell 6.1% over the past year — slower than the nation's +1.2%.
Living in Frederick, Tillman County, Oklahoma
Frederick is a city of 3,468 people in Tillman County. Half its households earn more than $44,595 a year and half less, against $48,939 across Tillman County; 25% of its people live below the poverty line. 70% of its homes are lived in by their owners and 30% are rented. Unemployment in Tillman County was 4.2% in August 2026, and the county had 1.4% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Frederick is a small city in Tillman County, in the southwest corner of Oklahoma. Most homes are lived in by their owners, and typical home values are low compared with much of the country. Household incomes in town are below the county's, and a good many residents live below the poverty line. Winters are mild to cool and summers get very hot, with July the warmest month.
Work. Residents work mostly in schools, hospitals and social care, with manufacturing, shops and government also employing many. Across Tillman County, the largest workplaces include Henniges Automotive Oklahoma, a rubber goods manufacturer, along with Frederick Schools and Southwest Rural Electric Association. Jobs across the county were slightly fewer last year than the year before, and unemployment in the county is a little higher than it was a year earlier. Few people work from home, and a typical commute is short.
Things to do. For time outdoors, Lake Frederick is a reservoir a longer drive away, and Great Plains State Park is a protected area, also a longer drive away. The Red River Valley Museum, a museum a longer drive away, suits a day spent indoors. The Pease River and the North Fork Red River are the best known of the rivers in the area.
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- 1,318households
- 16%of adults have a degree
- 25%below the poverty line
- 22 mintypical commute
- 2%work from home
What residents work in
Employed residents by industry, from the Census survey. Tillman County had 1,484 jobs in 2025, 1.4% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 54° and lows near 30°; warmest in July, with highs near 97° and lows near 73°.
Average daily high and low, 1991–2020, at the Altus Afb weather station, a mile away (NOAA).
Largest workplaces in Tillman County
- Henniges Automotive OklahomaExtruded, molded or lathe-cut rubber goods manufacturing208
- Frederick SchoolsSchool district101FTE
- Tipton SchoolsSchool district41FTE
- Grandfield SchoolsSchool district36FTE
- Southwest Rural Electric AssociationDistribution of electric power32
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 2 workplaces with 20 or more staff, 240 people in all across the county; Frederick has one of its own. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively high
- Ice stormsRelatively high
- DroughtRelatively moderate
- HailRelatively moderate
- Tornadoesrelatively high in parts of FrederickRelatively moderate
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Frederick’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Tillman County.
Frederick home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Frederick$51,566
- Oklahoma$220,801
- United States$366,157
Sellers are cutting prices on about 1 in 5 Frederick listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Frederick22.02%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Frederick26
New listings per month
Sellers arriving at the market.
- Frederick4
Zip codes with a Frederick address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Frederick — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.