Forgan, OK
Population 314 · Oklahoma
About Forgan, OK
Forgan is a small community located in Oklahoma with a population of 314 residents according to the latest US Census Bureau American Community Survey data. The median household income is $67,656 per year, which is 10% below the national median of $75,149. The median age of 45.9 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Forgan features a median home value of $61,500, which is 75% below the national median of $244,900. This makes Forgan one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 171 total housing units, 84% are owner-occupied (85 units) and 16% are renter-occupied (16 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Forgan shows an unemployment rate of 3.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Forgan have an average one-way commute time of 13.9 minutes, one of the shorter commutes in the region.
Education & Demographics
4.3% of Forgan 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 20.7% White, 12.7% Hispanic or Latino, 0.0% Black or African American, and 1.6% Asian residents, with 7.6% of the population being foreign-born.
Cost of Living in Forgan, OK
Compared to national averages, Forgan has a median household income of $67,656 (10% below the national median of $75,149). Home values average $61,500, which is 75% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Oklahoma, Forgan's income is 20% above the state average of $56,382, and home values are 49% below the state median of $119,992.
Why Live in Forgan, OK?
Forgan offers affordable housing with a median home value of $61,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 3.4%. Additionally, the city features a low poverty rate of 5.4%, better than the national average, and short commute times averaging just 13.9 minutes.
Potential considerations include median household income ($67,656) that falls below the national average. However, Forgan’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Forgan has a population of 314 with a median age of 45.9 years. Compare Forgan with other cities to see how it stacks up, or explore all cities in Oklahoma.
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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 Forgan
What is the population of Forgan, OK?
The population of Forgan, OK is 314 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 Forgan?
The median household income in Forgan, OK is $67,656 per year, which is 10% below the national median of $75,149.
What is the median home value in Forgan?
The median home value in Forgan, OK is $61,500, which is 75% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Forgan?
The median monthly rent in Forgan, OK is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Forgan?
The unemployment rate in Forgan, OK is 3.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Forgan, OK a good place to live?
Forgan offers a moderate cost of living, affordable housing, and a strong job market. With a population of 314 and a median age of 45.9, the city appeals to established professionals and retirees.
How educated is Forgan, OK?
4.3% of residents in Forgan 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 Forgan?
Key cost-of-living indicators for Forgan, OK: median home value is $61,500 (75% below national), median rent is $0/month, and median household income is $67,656. The home-value-to-income ratio is 0.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Forgan?
The poverty rate in Forgan, OK is 5.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Forgan, OK?
Forgan's population is 20.7% White, 12.7% Hispanic or Latino, 0.0% Black or African American, 1.6% Asian, and 0.0% two or more races. 7.6% of residents are foreign-born.