Home prices
The median home in Hoffman is valued at $59,400. In comparison to nearby areas this is about $16,920 (22%) lower.It is approximately $158,100 (72%) lower in comparison to the nation as a whole, and in comparison to the city of Oklahoma City is roughly $99,100 (62%) lower.
Rents
Hoffman's median monthly rent is $575. Compared to nearby areas this is approximately $77 (11%) lower.It is approximately $487 (45%) lower in comparison to the United States as a whole, and is about $296 (33%) lower in comparison to the city of Oklahoma City.
Nearby places
Grayson
Grayson is roughly 1 mile northwest from Hoffman. The housing prices there are significantly more expensive. The median home in Grayson costs $101,700, which is $42,300 (41%) higher than Hoffman. Its rents are fairly similar. Grayson's median monthly rent is $575, which is very similar to Hoffman.
Dewar
Dewar is roughly 5 miles southwest of Hoffman. Its real estate prices are similar. Dewar's median home price is $62,100, which is $2,700 (4%) higher than Hoffman. Rents there are a bit more expensive. Dewar's median rent is $685 per month, which works out to $110 (16%) higher than Hoffman.
Schulter
Schulter is roughly 5 miles west from Hoffman. The real estate prices there are fairly similar. The median home in Schulter is valued at $57,500, which is $1,900 (3%) lower than Hoffman. Its rents are fairly similar. The median monthly rent in Schulter is $600, which works out to $25 (4%) higher than Hoffman.
Henryetta
Henryetta is about 7 miles southwest from Hoffman. The housing prices there are a bit more expensive. The median home in Henryetta is valued at $64,000, which comes out to $4,600 (7%) higher than Hoffman. Rents there are a bit more expensive. Henryetta's median rent is $704 a month, which comes out to $129 (18%) higher than Hoffman.
Morris
Morris is about 9 miles north from Hoffman. Housing prices there are substantially more expensive. The median home in Morris is valued at $96,300, which is $36,900 (38%) higher than Hoffman. Rent there is somewhat more expensive. In Morris the median rent is $698 a month, which comes out to $123 (17%) higher than Hoffman.