Total monthly cost of ownership
Cost to Own a Home in Arkoma, Oklahoma
A $67,000 home here costs
$684per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $344. The real number is $339 higher every month — 98% 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.
Arkoma against Le Flore County and Oklahoma
| Measure | Arkoma | Le Flore County |
|---|---|---|
| Median home value | $67,300 | $121,600 |
| Median property tax | $364 | $794 |
| Effective tax rate | 0.541% | 0.653% |
| Median gross rent | $677 | $773 |
| Population | 2,001 | 48,728 |
The weather behind that power bill
Arkoma sits in Le Flore County, which averages a high of 94.1°F in its hottest month and a low of 29.6°F in its coldest, with 47.34" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 2,177 cooling and 3,098 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Le Flore County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Le Flore County
Full Le Flore County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Arkoma?
A $67,000 home in Arkoma, Oklahoma costs approximately $684 per month with 20% down at 6.66%. That is $344 principal and interest, $30 property tax, $65 homeowners insurance, $188 utilities and $56 set aside for maintenance.
What is the property tax rate in Arkoma?
Arkoma has an effective property tax rate of 0.541%, based on a median home value of $67,300 and median real estate taxes of $364. That is lower than the Le Flore County average of 0.653%.
What is the average home price in Arkoma?
The median owner-occupied home value in Arkoma, Oklahoma is $67,300, against $121,600 across Le Flore County.
Is it cheaper to rent or buy in Arkoma?
Median gross rent in Arkoma is $677 a month, against $684 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 Arkoma — 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.