Mustang, Oklahoma.
Typical home $278,310 (+1.2% in a year), asking rent $1,682 (+1.2%). Oklahoma City, OK metro.
to buy the typical home at today's mortgage rate — +$772 (+112%) since Jan 2020.
- 1 year
- Up $3,323 +1%
- $274,987$278,310 since Sep 2025
- 5 years
- Up $56,892 +26%
- $221,418$278,310 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.
- Mustang$1,461
- Oklahoma$1,159
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in Mustang, OK rose 1.2% over the past year — in step with the nation.
Asking rents in Mustang, OK rose 1.2% over the past year — slower than the nation's +2.7%.
Owning the typical home in Mustang runs $303/mo more than renting one. The gap peaked at $381 in Oct 2023.
That is $1,984 a month against $1,682 rent: a $1,461 mortgage payment, plus $226 property tax and $298 insurance & upkeep.
Owning vs renting — Mustang
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$1,984
- Renting$1,682
- Mortgage only$1,461
Property tax · $226/mo 0.97% of value a year — the ACS 2020-2024 median bill over the median home value for Canadian County, OK
Insurance & upkeep · $298/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Mustang, Canadian County, Oklahoma
Mustang is a city of 19,879 people in Canadian County. Half its households earn more than $87,844 a year and half less, against $87,751 across Canadian County; 8% of its people live below the poverty line. 76% of its homes are lived in by their owners and 24% are rented. Unemployment in Canadian County was 3.6% in August 2026, and the county had 0.8% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
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. Mustang is a small city in Canadian County where most homes are lived in by their owners, and household incomes are close to the county's. The population is a little older than younger, with a median age that leans toward middle age. Winters are cold, with January highs staying well below freezing at night, and summers are hot, with July the warmest month. A little snow falls each year, and the rain is steady through the seasons.
Work. Residents work mostly in schools, hospitals and social care, in shops, in professional and business services, and in manufacturing. Some of the larger workplaces in town are Lowe's, Oklahoma Natural Gas and Legend Senior Living. Commutes are of a middling length, and some people work from home. Across Canadian County, there were slightly fewer jobs last year than the year before.
Things to do. The 99s Museum of Women Pilots, a museum about women in aviation, is a short drive away. A longer drive brings you to the Oklahoma City National Memorial, a museum remembering the 1995 bombing, and to the Oklahoma City Zoo and Botanical Garden. Lake Hefner, a reservoir, is also a longer drive away.
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- 7,975households
- 27%of adults have a degree
- 8%below the poverty line
- 26 mintypical commute
- 13%work from home
What residents work in
Employed residents by industry, from the Census survey. Canadian County had 39,063 jobs in 2025, 0.8% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 49° and lows near 27°; warmest in July, with highs near 93° and lows near 70°. About 7 inches of snow and 36 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Oklahoma City Will Rogers Airport weather station, 7 miles away (NOAA).
Largest workplaces in Mustang
- Lowe's Companies, INCHomecenter131
- Oklahoma Natural GasNatural gas utility71
- Legend Senior LivingAssisted-living facilities without on-site nursing care facilities50
- Atwoods 72Retail store32
- MustangMail and parcel delivery31
- Tractor Supply Company StoreGeneral merchandise stores20
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 6 workplaces with 20 or more staff, 335 people in all. 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
- Ice stormsVery high
- TornadoesVery high
- HailRelatively high
- Cold wavesRelatively high
- Heat wavesRelatively high
- Winter weatherRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Mustang’s census tracts, against the rest of the country; all of them together, relatively moderate. 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 Canadian County and the Oklahoma City, OK metro.
Mustang home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Mustang$278,310
- Oklahoma$220,801
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Mustang listings, and the typical home goes pending in 32 days — the market is cooling.
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.
- Mustang32.67%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Mustang32
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Mustang254
New listings per month
Sellers arriving at the market.
- Mustang66
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Mustang$282,087
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Mustang98.84%
Zip codes with a Mustang address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Mustang — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.