Total monthly cost of ownership
Cost to Own a Home in Buffalo, Oklahoma
A $89,000 home here costs
$857per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $458. The real number is $400 higher every month — 87% 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.
Buffalo against Harper County and Oklahoma
| Measure | Buffalo | Harper County |
|---|---|---|
| Median home value | $89,200 | $99,300 |
| Median property tax | $612 | $663 |
| Effective tax rate | 0.686% | 0.668% |
| Median gross rent | $693 | $791 |
| Population | 1,244 | 3,231 |
The weather behind that power bill
Buffalo sits in Harper County, which averages a high of 95.8°F in its hottest month and a low of 21.6°F in its coldest, with 22.13" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 1,827 cooling and 4,372 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Harper County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Harper County
Full Harper County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Buffalo?
A $89,000 home in Buffalo, Oklahoma costs approximately $857 per month with 20% down at 6.66%. That is $458 principal and interest, $51 property tax, $86 homeowners insurance, $188 utilities and $74 set aside for maintenance.
What is the property tax rate in Buffalo?
Buffalo has an effective property tax rate of 0.686%, based on a median home value of $89,200 and median real estate taxes of $612. That is higher than the Harper County average of 0.668%.
What is the average home price in Buffalo?
The median owner-occupied home value in Buffalo, Oklahoma is $89,200, against $99,300 across Harper County.
Is it cheaper to rent or buy in Buffalo?
Median gross rent in Buffalo is $693 a month, against $857 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 Buffalo — 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.