Total monthly cost of ownership
Cost to Own a Home in Ada, Oklahoma
A $169,000 home here costs
$1,462per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $869. The real number is $593 higher every month — 68% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Ada against Pontotoc County and Oklahoma
| Measure | Ada | Pontotoc County |
|---|---|---|
| Median home value | $169,300 | $170,500 |
| Median property tax | $1,202 | $1,067 |
| Effective tax rate | 0.710% | 0.626% |
| Median gross rent | $888 | $880 |
| Population | 16,536 | 38,158 |
The weather behind that power bill
Ada sits in Pontotoc County, which averages a high of 93.8°F in its hottest month and a low of 27.3°F in its coldest, with 41.49" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 2,038 cooling and 3,258 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Pontotoc County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pontotoc County
Full Pontotoc County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Ada?
A $169,000 home in Ada, Oklahoma costs approximately $1,462 per month with 20% down at 6.66%. That is $869 principal and interest, $100 property tax, $164 homeowners insurance, $188 utilities and $141 set aside for maintenance.
What is the property tax rate in Ada?
Ada has an effective property tax rate of 0.710%, based on a median home value of $169,300 and median real estate taxes of $1,202. That is higher than the Pontotoc County average of 0.626%.
What is the average home price in Ada?
The median owner-occupied home value in Ada, Oklahoma is $169,300, against $170,500 across Pontotoc County.
Is it cheaper to rent or buy in Ada?
Median gross rent in Ada is $888 a month, against $1,462 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ada — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Oklahoma.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.