Ponca City, OK

Ponca City is located in northeastern Oklahoma, about an hour from Tulsa. The city has a population of about 10,000 and is the county seat of Pontotoc County. Ponca City is known for its historic downtown district, which was designated a National Historic Landmark in 1984. The city's economy is based largely on the production of agricultural products and tourism.

Real estate in Ponca City is dominated by single-family homes and apartments. The median price for a single-family home in the city was $109,900 in 2016, while the median price for an apartment was $105,000. The city's housing stock has been relatively stable over the past few years, with only a modest number of new homes being built each year. This stability may be due to the high demand for housing in Ponca City relative to available supply; according to Zillow data, the average list price for a home in Ponca City was more than four times higher than the median household income during 2017.

The most popular type of real estate in Ponca City is detached single-family homes. These homes account for nearly two-thirds of all sales transactions conducted within the city limits each year. Rental properties are also popular among buyers in Ponca City; according to Zillow data, more than half of all rental units sold within the city limits were leased rather than sold outright during 2017.