Total monthly cost of ownership
Cost to Own a Home in Boley, Oklahoma
A $93,000 home here costs
$931per 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 $40,000 a year.
A standard mortgage calculator would have told you $507. The real number is $424 higher every month, 84% more than the payment most buyers budget for.
Compare Okfuskee County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Boley from a five-year rolling sample, and with about 1,160 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Okfuskee County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Boley against Okfuskee County and Oklahoma
| Measure | Boley | Okfuskee County |
|---|---|---|
| Median home value | $92,700 | $110,800 |
| Median property tax | $336 | $552 |
| Effective tax rate | 0.362% | 0.498% |
| Median gross rent | $563 | $689 |
| Population | 1,160 | 11,304 |
The weather behind that power bill
Boley sits in Okfuskee County, which averages a high of 93.0°F in its hottest month and a low of 30.3°F in its coldest, with 43.53" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 2,033 cooling and 3,160 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Okfuskee County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Okfuskee County
Full Okfuskee County cost breakdown · Every county in Oklahoma
Talk to someone who works this market
These are Boley 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 Boley every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Boley?
A $93,000 home in Boley, Oklahoma costs approximately $931 per month with 20% down at 7.24%. That is $507 principal and interest, $28 property tax, $90 homeowners insurance, $228 utilities and $78 set aside for maintenance.
What is the property tax rate in Boley?
Boley has an effective property tax rate of 0.362%, based on a median home value of $92,700 and median real estate taxes of $336. That is lower than the Okfuskee County average of 0.498%.
What is the average home price in Boley?
The median owner-occupied home value in Boley, Oklahoma is $92,700, against $110,800 across Okfuskee County.
Is it cheaper to rent or buy in Boley?
Median gross rent in Boley is $563 a month, against $931 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Boley?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Boley, Oklahoma at today's rate takes a household income of roughly $40,000 a year. That covers the full $931 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Boley, 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.