Total monthly cost of ownership
Cost to Own a Home in Broken Bow, Oklahoma
A $159,000 home here costs
$1,431per 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 $61,500 a year.
A standard mortgage calculator would have told you $867. The real number is $565 higher every month, 65% more than the payment most buyers budget for.
Compare McCurtain County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Broken Bow from a five-year rolling sample, and with about 4,215 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 McCurtain 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.
Broken Bow against McCurtain County and Oklahoma
| Measure | Broken Bow | McCurtain County |
|---|---|---|
| Median home value | $159,000 | $126,100 |
| Median property tax | $601 | $505 |
| Effective tax rate | 0.378% | 0.400% |
| Median gross rent | $667 | $705 |
| Population | 4,215 | 30,825 |
The weather behind that power bill
Broken Bow sits in McCurtain County, which averages a high of 93.1°F in its hottest month and a low of 28.3°F in its coldest, with 55.06" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,927 cooling and 3,079 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for McCurtain County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in McCurtain County
Full McCurtain County cost breakdown · Every county in Oklahoma
Talk to someone who works this market
These are Broken Bow 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 Bow every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Broken Bow I already own here and may sell
Common questions
How much does it cost to own a home in Broken Bow?
A $159,000 home in Broken Bow, Oklahoma costs approximately $1,431 per month with 20% down at 7.24%. That is $867 principal and interest, $50 property tax, $154 homeowners insurance, $228 utilities and $133 set aside for maintenance.
What is the property tax rate in Broken Bow?
Broken Bow has an effective property tax rate of 0.378%, based on a median home value of $159,000 and median real estate taxes of $601. That is lower than the McCurtain County average of 0.400%.
What is the average home price in Broken Bow?
The median owner-occupied home value in Broken Bow, Oklahoma is $159,000, against $126,100 across McCurtain County.
Is it cheaper to rent or buy in Broken Bow?
Median gross rent in Broken Bow is $667 a month, against $1,431 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 Bow?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Broken Bow, Oklahoma at today's rate takes a household income of roughly $61,500 a year. That covers the full $1,431 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Broken Bow, 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.