Total monthly cost of ownership
Cost to Own a Home in Broken Bow, Oklahoma
A $159,000 home here costs
$1,342per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $817. The real number is $525 higher every month — 64% 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.
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 $120 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
Common questions
How much does it cost to own a home in Broken Bow?
A $159,000 home in Broken Bow, Oklahoma costs approximately $1,342 per month with 20% down at 6.66%. That is $817 principal and interest, $50 property tax, $154 homeowners insurance, $188 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 $1,342 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 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.