Total monthly cost of ownership
Cost to Own a Home in Fairview, Oklahoma
A $106,000 home here costs
$973per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $545. The real number is $428 higher every month — 79% 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.
Fairview against Major County and Oklahoma
| Measure | Fairview | Major County |
|---|---|---|
| Median home value | $105,700 | $134,700 |
| Median property tax | $585 | $828 |
| Effective tax rate | 0.553% | 0.615% |
| Median gross rent | $615 | $619 |
| Population | 2,699 | 7,656 |
The weather behind that power bill
Fairview sits in Major County, which averages a high of 95.5°F in its hottest month and a low of 25.9°F in its coldest, with 31.06" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 2,049 cooling and 3,868 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Major County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Major County
No other places of this size are published in Major County.
Common questions
How much does it cost to own a home in Fairview?
A $106,000 home in Fairview, Oklahoma costs approximately $973 per month with 20% down at 6.66%. That is $545 principal and interest, $49 property tax, $103 homeowners insurance, $188 utilities and $88 set aside for maintenance.
What is the property tax rate in Fairview?
Fairview has an effective property tax rate of 0.553%, based on a median home value of $105,700 and median real estate taxes of $585. That is lower than the Major County average of 0.615%.
What is the average home price in Fairview?
The median owner-occupied home value in Fairview, Oklahoma is $105,700, against $134,700 across Major County.
Is it cheaper to rent or buy in Fairview?
Median gross rent in Fairview is $615 a month, against $973 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 Fairview — 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.