Total monthly cost of ownership
Cost to Own a Home in Coalgate, Oklahoma
A $83,000 home here costs
$806per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $427. The real number is $379 higher every month — 89% 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.
Coalgate against Coal County and Oklahoma
| Measure | Coalgate | Coal County |
|---|---|---|
| Median home value | $83,200 | $92,500 |
| Median property tax | $493 | $540 |
| Effective tax rate | 0.593% | 0.584% |
| Median gross rent | $638 | $679 |
| Population | 1,919 | 5,275 |
The weather behind that power bill
Coalgate sits in Coal County, which averages a high of 93.0°F in its hottest month and a low of 27.9°F in its coldest, with 45.62" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,933 cooling and 3,334 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Coal County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Coal County
No other places of this size are published in Coal County.
Common questions
How much does it cost to own a home in Coalgate?
A $83,000 home in Coalgate, Oklahoma costs approximately $806 per month with 20% down at 6.66%. That is $427 principal and interest, $41 property tax, $80 homeowners insurance, $188 utilities and $69 set aside for maintenance.
What is the property tax rate in Coalgate?
Coalgate has an effective property tax rate of 0.593%, based on a median home value of $83,200 and median real estate taxes of $493. That is in line with the Coal County average of 0.584%.
What is the average home price in Coalgate?
The median owner-occupied home value in Coalgate, Oklahoma is $83,200, against $92,500 across Coal County.
Is it cheaper to rent or buy in Coalgate?
Median gross rent in Coalgate is $638 a month, against $806 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 Coalgate — 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.