Total monthly cost of ownership
Cost to Own a Home in Ardmore, Oklahoma
A $159,000 home here costs
$1,405per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $817. The real number is $588 higher every month — 72% 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.
Ardmore against Carter County and Oklahoma
| Measure | Ardmore | Carter County |
|---|---|---|
| Median home value | $158,800 | $153,500 |
| Median property tax | $1,351 | $1,185 |
| Effective tax rate | 0.851% | 0.772% |
| Median gross rent | $959 | $945 |
| Population | 24,757 | 48,255 |
The weather behind that power bill
Ardmore sits in Carter County, which averages a high of 93.5°F in its hottest month and a low of 27.9°F in its coldest, with 41.8" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 2,038 cooling and 3,280 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Carter County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Carter County
Full Carter County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Ardmore?
A $159,000 home in Ardmore, Oklahoma costs approximately $1,405 per month with 20% down at 6.66%. That is $817 principal and interest, $113 property tax, $154 homeowners insurance, $188 utilities and $133 set aside for maintenance.
What is the property tax rate in Ardmore?
Ardmore has an effective property tax rate of 0.851%, based on a median home value of $158,800 and median real estate taxes of $1,351. That is higher than the Carter County average of 0.772%.
What is the average home price in Ardmore?
The median owner-occupied home value in Ardmore, Oklahoma is $158,800, against $153,500 across Carter County.
Is it cheaper to rent or buy in Ardmore?
Median gross rent in Ardmore is $959 a month, against $1,405 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 Ardmore — 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.