Total monthly cost of ownership
Cost to Own a Home in Colbert, Oklahoma
A $87,000 home here costs
$841per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $447. The real number is $394 higher every month — 88% 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.
Colbert against Bryan County and Oklahoma
| Measure | Colbert | Bryan County |
|---|---|---|
| Median home value | $86,600 | $163,700 |
| Median property tax | $581 | $1,040 |
| Effective tax rate | 0.671% | 0.635% |
| Median gross rent | $884 | $914 |
| Population | 1,248 | 47,237 |
The weather behind that power bill
Colbert 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 Colbert?
A $87,000 home in Colbert, Oklahoma costs approximately $841 per month with 20% down at 6.66%. That is $447 principal and interest, $49 property tax, $84 homeowners insurance, $188 utilities and $73 set aside for maintenance.
What is the property tax rate in Colbert?
Colbert has an effective property tax rate of 0.671%, based on a median home value of $86,600 and median real estate taxes of $581. That is higher than the Bryan County average of 0.635%.
What is the average home price in Colbert?
The median owner-occupied home value in Colbert, Oklahoma is $86,600, against $163,700 across Bryan County.
Is it cheaper to rent or buy in Colbert?
Median gross rent in Colbert is $884 a month, against $841 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Colbert — 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.