Total monthly cost of ownership
Cost to Own a Home in El Reno, Oklahoma
A $157,000 home here costs
$1,389per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $807. The real number is $582 higher every month — 72% 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.
El Reno against Canadian County and Oklahoma
| Measure | El Reno | Canadian County |
|---|---|---|
| Median home value | $157,000 | $230,300 |
| Median property tax | $1,326 | $2,259 |
| Effective tax rate | 0.845% | 0.981% |
| Median gross rent | $904 | $1,208 |
| Population | 17,919 | 162,621 |
The weather behind that power bill
El Reno sits in Canadian County, which averages a high of 93.5°F in its hottest month and a low of 25.2°F in its coldest, with 34.54" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 1,814 cooling and 3,917 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Canadian County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Canadian County
Full Canadian County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in El Reno?
A $157,000 home in El Reno, Oklahoma costs approximately $1,389 per month with 20% down at 6.66%. That is $807 principal and interest, $111 property tax, $152 homeowners insurance, $188 utilities and $131 set aside for maintenance.
What is the property tax rate in El Reno?
El Reno has an effective property tax rate of 0.845%, based on a median home value of $157,000 and median real estate taxes of $1,326. That is lower than the Canadian County average of 0.981%.
What is the average home price in El Reno?
The median owner-occupied home value in El Reno, Oklahoma is $157,000, against $230,300 across Canadian County.
Is it cheaper to rent or buy in El Reno?
Median gross rent in El Reno is $904 a month, against $1,389 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 El Reno — 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.