Total monthly cost of ownership
Cost to Own a Home in Frederick, Oklahoma
A $67,000 home here costs
$693per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $344. The real number is $348 higher every month — 101% 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.
Frederick against Tillman County and Oklahoma
| Measure | Frederick | Tillman County |
|---|---|---|
| Median home value | $67,100 | $71,900 |
| Median property tax | $470 | $477 |
| Effective tax rate | 0.700% | 0.663% |
| Median gross rent | $703 | $704 |
| Population | 3,460 | 6,967 |
The weather behind that power bill
Frederick sits in Tillman County, which averages a high of 97.2°F in its hottest month and a low of 30.0°F in its coldest, with 27.89" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 2,445 cooling and 2,897 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Tillman County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tillman County
No other places of this size are published in Tillman County.
Full Tillman County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Frederick?
A $67,000 home in Frederick, Oklahoma costs approximately $693 per month with 20% down at 6.66%. That is $344 principal and interest, $39 property tax, $65 homeowners insurance, $188 utilities and $56 set aside for maintenance.
What is the property tax rate in Frederick?
Frederick has an effective property tax rate of 0.700%, based on a median home value of $67,100 and median real estate taxes of $470. That is higher than the Tillman County average of 0.663%.
What is the average home price in Frederick?
The median owner-occupied home value in Frederick, Oklahoma is $67,100, against $71,900 across Tillman County.
Is it cheaper to rent or buy in Frederick?
Median gross rent in Frederick is $703 a month, against $693 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 Frederick — 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.