Total monthly cost of ownership
Cost to Own a Home in Dewey, Oklahoma
A $118,000 home here costs
$1,099per 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 $492 higher every month — 81% 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.
Dewey against Washington County and Oklahoma
| Measure | Dewey | Washington County |
|---|---|---|
| Median home value | $117,600 | $160,900 |
| Median property tax | $1,092 | $1,505 |
| Effective tax rate | 0.929% | 0.935% |
| Median gross rent | $939 | $903 |
| Population | 3,388 | 52,895 |
The weather behind that power bill
Dewey sits in Washington County, which averages a high of 92.7°F in its hottest month and a low of 22.3°F in its coldest, with 40.25" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 1,687 cooling and 4,137 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Washington County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Washington County
Full Washington County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Dewey?
A $118,000 home in Dewey, Oklahoma costs approximately $1,099 per month with 20% down at 6.66%. That is $607 principal and interest, $91 property tax, $114 homeowners insurance, $188 utilities and $98 set aside for maintenance.
What is the property tax rate in Dewey?
Dewey has an effective property tax rate of 0.929%, based on a median home value of $117,600 and median real estate taxes of $1,092. That is in line with the Washington County average of 0.935%.
What is the average home price in Dewey?
The median owner-occupied home value in Dewey, Oklahoma is $117,600, against $160,900 across Washington County.
Is it cheaper to rent or buy in Dewey?
Median gross rent in Dewey is $939 a month, against $1,099 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 Dewey — 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.