Total monthly cost of ownership
Cost to Own a Home in Blackwell, Oklahoma
A $77,000 home here costs
$828per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $35,500 a year.
A standard mortgage calculator would have told you $420. The real number is $408 higher every month, 97% more than the payment most buyers budget for.
Compare Kay County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Blackwell against Kay County and Oklahoma
| Measure | Blackwell | Kay County |
|---|---|---|
| Median home value | $77,000 | $116,800 |
| Median property tax | $494 | $799 |
| Effective tax rate | 0.642% | 0.684% |
| Median gross rent | $852 | $830 |
| Population | 6,091 | 43,731 |
The weather behind that power bill
Blackwell sits in Kay County, which averages a high of 93.3°F in its hottest month and a low of 24.6°F in its coldest, with 33.57" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 1,940 cooling and 3,958 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Kay County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Kay County
Talk to someone who works this market
These are Blackwell averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Blackwell every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Blackwell I already own here and may sell
Common questions
How much does it cost to own a home in Blackwell?
A $77,000 home in Blackwell, Oklahoma costs approximately $828 per month with 20% down at 7.24%. That is $420 principal and interest, $41 property tax, $75 homeowners insurance, $228 utilities and $64 set aside for maintenance.
What is the property tax rate in Blackwell?
Blackwell has an effective property tax rate of 0.642%, based on a median home value of $77,000 and median real estate taxes of $494. That is lower than the Kay County average of 0.684%.
What is the average home price in Blackwell?
The median owner-occupied home value in Blackwell, Oklahoma is $77,000, against $116,800 across Kay County.
Is it cheaper to rent or buy in Blackwell?
Median gross rent in Blackwell is $852 a month, against $828 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Blackwell?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Blackwell, Oklahoma at today's rate takes a household income of roughly $35,500 a year. That covers the full $828 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Blackwell, 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.