Gracemont, OK
Population 332 · Oklahoma
About Gracemont, OK
Gracemont is a small community located in Oklahoma with a population of 332 residents according to the latest US Census Bureau American Community Survey data. The median household income is $36,250 per year, which is 52% below the national median of $75,149. The median age of 25.2 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 Gracemont features a median home value of $60,000, which is 76% below the national median of $244,900. This makes Gracemont one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $650, 44% below the national average of $1,163/month. Of the 139 total housing units, 46% are owner-occupied (46 units) and 54% are renter-occupied (55 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Gracemont shows an unemployment rate of 4.6%, which is near the national rate of 3.7%. The poverty rate stands at 29.5%, above the national average of 12.4%. Workers in Gracemont have an average one-way commute time of 22.6 minutes.
Education & Demographics
4.2% of Gracemont 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 19.9% White, 33.7% Hispanic or Latino, 2.4% Black or African American, and 2.1% Asian residents, with 0.6% of the population being foreign-born.
Cost of Living in Gracemont, OK
Compared to national averages, Gracemont has a median household income of $36,250 (52% below the national median of $75,149). Home values average $60,000, which is 76% below the national median. Monthly rent at $650 is 44% below the US average of $1,163. Within Oklahoma, Gracemont's income is 36% below the state average of $56,382, and home values are 50% below the state median of $119,992.
Why Live in Gracemont, OK?
Gracemont offers affordable housing with a median home value of $60,000, below the US average of $244,900, and rent that’s lower than the national average at $650/month, and short commute times averaging just 22.6 minutes.
Potential considerations include median household income ($36,250) that falls below the national average. However, Gracemont’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Gracemont has a population of 332 with a median age of 25.2 years. Compare Gracemont with other cities to see how it stacks up, or explore all cities in Oklahoma.
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Demographics
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Economy & Education
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Other Cities in Oklahoma
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Gracemont
What is the population of Gracemont, OK?
The population of Gracemont, OK is 332 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 Gracemont?
The median household income in Gracemont, OK is $36,250 per year, which is 52% below the national median of $75,149.
What is the median home value in Gracemont?
The median home value in Gracemont, OK is $60,000, which is 76% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Gracemont?
The median monthly rent in Gracemont, OK is $650, which is 44% below the national average of $1,163/month.
What is the unemployment rate in Gracemont?
The unemployment rate in Gracemont, OK is 4.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Gracemont, OK a good place to live?
Gracemont offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 332 and a median age of 25.2, the city appeals to young professionals and families.
How educated is Gracemont, OK?
4.2% of residents in Gracemont 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 Gracemont?
Key cost-of-living indicators for Gracemont, OK: median home value is $60,000 (76% below national), median rent is $650/month, and median household income is $36,250. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Gracemont?
The poverty rate in Gracemont, OK is 29.5%, 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 Gracemont, OK?
Gracemont's population is 19.9% White, 33.7% Hispanic or Latino, 2.4% Black or African American, 2.1% Asian, and 0.0% two or more races. 0.6% of residents are foreign-born.