Total monthly cost of ownership
Cost to Own a Home in Boley, Oklahoma
A $93,000 home here costs
$862per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $478. The real number is $384 higher every month — 80% 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.
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 $120 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
Common questions
How much does it cost to own a home in Boley?
A $93,000 home in Boley, Oklahoma costs approximately $862 per month with 20% down at 6.66%. That is $478 principal and interest, $28 property tax, $90 homeowners insurance, $188 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 $862 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 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.