Total monthly cost of ownership
Cost to Own a Home in Davis, Oklahoma
A $112,000 home here costs
$1,005per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $576. The real number is $429 higher every month — 75% 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.
Davis against Garvin County and Oklahoma
| Measure | Davis | Garvin County |
|---|---|---|
| Median home value | $111,800 | $132,600 |
| Median property tax | $470 | $750 |
| Effective tax rate | 0.420% | 0.566% |
| Median gross rent | $810 | $828 |
| Population | 2,805 | 25,779 |
Davis extends across 2 counties. Figures here use Garvin County, where most of its housing sits.
The weather behind that power bill
Davis sits in Garvin County, which averages a high of 95.0°F in its hottest month and a low of 27.2°F in its coldest, with 38.4" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 2,095 cooling and 3,334 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Garvin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Garvin County
Full Garvin County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Davis?
A $112,000 home in Davis, Oklahoma costs approximately $1,005 per month with 20% down at 6.66%. That is $576 principal and interest, $39 property tax, $109 homeowners insurance, $188 utilities and $93 set aside for maintenance.
What is the property tax rate in Davis?
Davis has an effective property tax rate of 0.420%, based on a median home value of $111,800 and median real estate taxes of $470. That is lower than the Garvin County average of 0.566%.
What is the average home price in Davis?
The median owner-occupied home value in Davis, Oklahoma is $111,800, against $132,600 across Garvin County.
Is it cheaper to rent or buy in Davis?
Median gross rent in Davis is $810 a month, against $1,005 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 Davis — 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.