Total monthly cost of ownership
Cost to Own a Home in Cleveland, Oklahoma
A $113,000 home here costs
$1,040per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $581. The real number is $459 higher every month — 79% 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.
Cleveland against Pawnee County and Oklahoma
| Measure | Cleveland | Pawnee County |
|---|---|---|
| Median home value | $113,200 | $125,700 |
| Median property tax | $810 | $873 |
| Effective tax rate | 0.716% | 0.695% |
| Median gross rent | $854 | $872 |
| Population | 3,208 | 15,689 |
The weather behind that power bill
Cleveland sits in Pawnee County, which averages a high of 95.4°F in its hottest month and a low of 26.7°F in its coldest, with 33.17" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 2,194 cooling and 3,449 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Pawnee County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pawnee County
Full Pawnee County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Cleveland?
A $113,000 home in Cleveland, Oklahoma costs approximately $1,040 per month with 20% down at 6.66%. That is $581 principal and interest, $67 property tax, $110 homeowners insurance, $188 utilities and $94 set aside for maintenance.
What is the property tax rate in Cleveland?
Cleveland has an effective property tax rate of 0.716%, based on a median home value of $113,200 and median real estate taxes of $810. That is higher than the Pawnee County average of 0.695%.
What is the average home price in Cleveland?
The median owner-occupied home value in Cleveland, Oklahoma is $113,200, against $125,700 across Pawnee County.
Is it cheaper to rent or buy in Cleveland?
Median gross rent in Cleveland is $854 a month, against $1,040 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 Cleveland — 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.