Total monthly cost of ownership
Cost to Own a Home in Broken Arrow, Oklahoma
A $229,000 home here costs
$2,104per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $90,000 a year.
A standard mortgage calculator would have told you $1,268. The real number is $835 higher every month, 66% more than the payment most buyers budget for.
Compare Tulsa 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.
Broken Arrow against Tulsa County and Oklahoma
| Measure | Broken Arrow | Tulsa County |
|---|---|---|
| Median home value | $229,300 | $213,500 |
| Median property tax | $2,398 | $2,161 |
| Effective tax rate | 1.046% | 1.012% |
| Median gross rent | $1,240 | $1,060 |
| Population | 115,919 | 673,708 |
Broken Arrow extends across 2 counties. Figures here use Tulsa County, where most of its housing sits.
The weather behind that power bill
Broken Arrow sits in Tulsa County, which averages a high of 94.0°F in its hottest month and a low of 28.1°F in its coldest, with 42.09" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 2,146 cooling and 3,374 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Tulsa County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tulsa County
Talk to someone who works this market
These are Broken Arrow 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 Broken Arrow every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Broken Arrow?
A $229,000 home in Broken Arrow, Oklahoma costs approximately $2,104 per month with 20% down at 7.4%. That is $1,268 principal and interest, $200 property tax, $222 homeowners insurance, $223 utilities and $191 set aside for maintenance.
What is the property tax rate in Broken Arrow?
Broken Arrow has an effective property tax rate of 1.046%, based on a median home value of $229,300 and median real estate taxes of $2,398. That is higher than the Tulsa County average of 1.012%.
What is the average home price in Broken Arrow?
The median owner-occupied home value in Broken Arrow, Oklahoma is $229,300, against $213,500 across Tulsa County.
Is it cheaper to rent or buy in Broken Arrow?
Median gross rent in Broken Arrow is $1,240 a month, against $2,104 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 Broken Arrow?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Broken Arrow, Oklahoma at today's rate takes a household income of roughly $90,000 a year. That covers the full $2,104 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Broken Arrow, 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.