Fanshawe, OK
Population 382 · Oklahoma
About Fanshawe, OK
Fanshawe is a small community located in Oklahoma with a population of 382 residents according to the latest US Census Bureau American Community Survey data. The median household income is $37,188 per year, which is 51% below the national median of $75,149. The median age of 35.5 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Fanshawe features a median home value of $129,500, which is 47% below the national median of $244,900. This makes Fanshawe one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $840, 28% below the national average of $1,163/month. Of the 176 total housing units, 88% are owner-occupied (120 units) and 12% are renter-occupied (17 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Fanshawe shows an unemployment rate of 3.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 23.1%, above the national average of 12.4%. Workers in Fanshawe have an average one-way commute time of 30.4 minutes.
Education & Demographics
21.9% of Fanshawe residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 3.9% White, 31.7% Hispanic or Latino, 0.0% Black or African American, and 1.0% Asian residents, with 1.3% of the population being foreign-born.
Cost of Living in Fanshawe, OK
Compared to national averages, Fanshawe has a median household income of $37,188 (51% below the national median of $75,149). Home values average $129,500, which is 47% below the national median. Monthly rent at $840 is 28% below the US average of $1,163. Within Oklahoma, Fanshawe's income is 34% below the state average of $56,382, and home values are 8% above the state median of $119,992.
Why Live in Fanshawe, OK?
Fanshawe offers affordable housing with a median home value of $129,500, below the US average of $244,900, and rent that’s lower than the national average at $840/month, and a strong job market with an unemployment rate of just 3.6%.
Potential considerations include median household income ($37,188) that falls below the national average. However, Fanshawe’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fanshawe has a population of 382 with a median age of 35.5 years. Compare Fanshawe with other cities to see how it stacks up, or explore all cities in Oklahoma.
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Economy & Education
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Fanshawe
What is the population of Fanshawe, OK?
The population of Fanshawe, OK is 382 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Oklahoma.
What is the median household income in Fanshawe?
The median household income in Fanshawe, OK is $37,188 per year, which is 51% below the national median of $75,149.
What is the median home value in Fanshawe?
The median home value in Fanshawe, OK is $129,500, which is 47% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Fanshawe?
The median monthly rent in Fanshawe, OK is $840, which is 28% below the national average of $1,163/month.
What is the unemployment rate in Fanshawe?
The unemployment rate in Fanshawe, OK is 3.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Fanshawe, OK a good place to live?
Fanshawe offers a moderate cost of living, affordable housing, and a strong job market. With a population of 382 and a median age of 35.5, the city appeals to a broad range of residents.
How educated is Fanshawe, OK?
21.9% of residents in Fanshawe aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Fanshawe?
Key cost-of-living indicators for Fanshawe, OK: median home value is $129,500 (47% below national), median rent is $840/month, and median household income is $37,188. The home-value-to-income ratio is 3.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Fanshawe?
The poverty rate in Fanshawe, OK is 23.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Fanshawe, OK?
Fanshawe's population is 3.9% White, 31.7% Hispanic or Latino, 0.0% Black or African American, 1.0% Asian, and 0.0% two or more races. 1.3% of residents are foreign-born.