Total monthly cost of ownership
Cost to Own a Home in Caddo, Oklahoma
A $118,000 home here costs
$1,080per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $607. The real number is $474 higher every month — 78% 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.
Caddo against Bryan County and Oklahoma
| Measure | Caddo | Bryan County |
|---|---|---|
| Median home value | $118,100 | $163,700 |
| Median property tax | $874 | $1,040 |
| Effective tax rate | 0.740% | 0.635% |
| Median gross rent | $865 | $914 |
| Population | 1,075 | 47,237 |
The weather behind that power bill
Caddo sits in Bryan County, which averages a high of 94.3°F in its hottest month and a low of 32.9°F in its coldest, with 45.25" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,236 cooling and 2,763 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Bryan County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bryan County
Common questions
How much does it cost to own a home in Caddo?
A $118,000 home in Caddo, Oklahoma costs approximately $1,080 per month with 20% down at 6.66%. That is $607 principal and interest, $73 property tax, $114 homeowners insurance, $188 utilities and $98 set aside for maintenance.
What is the property tax rate in Caddo?
Caddo has an effective property tax rate of 0.740%, based on a median home value of $118,100 and median real estate taxes of $874. That is higher than the Bryan County average of 0.635%.
What is the average home price in Caddo?
The median owner-occupied home value in Caddo, Oklahoma is $118,100, against $163,700 across Bryan County.
Is it cheaper to rent or buy in Caddo?
Median gross rent in Caddo is $865 a month, against $1,080 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 Caddo — 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.