Total monthly cost of ownership
Cost to Own a Home in Goodwell, Oklahoma
A $122,000 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 $627. The real number is $472 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.
Goodwell against Texas County and Oklahoma
| Measure | Goodwell | Texas County |
|---|---|---|
| Median home value | $122,000 | $155,600 |
| Median property tax | $764 | $1,075 |
| Effective tax rate | 0.626% | 0.691% |
| Median gross rent | $826 | $939 |
| Population | 1,271 | 20,880 |
The weather behind that power bill
Goodwell sits in Texas County, which averages a high of 95.0°F in its hottest month and a low of 21.9°F in its coldest, with 17.75" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 1,640 cooling and 4,293 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Texas County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Texas County
Common questions
How much does it cost to own a home in Goodwell?
A $122,000 home in Goodwell, Oklahoma costs approximately $1,099 per month with 20% down at 6.66%. That is $627 principal and interest, $64 property tax, $118 homeowners insurance, $188 utilities and $102 set aside for maintenance.
What is the property tax rate in Goodwell?
Goodwell has an effective property tax rate of 0.626%, based on a median home value of $122,000 and median real estate taxes of $764. That is lower than the Texas County average of 0.691%.
What is the average home price in Goodwell?
The median owner-occupied home value in Goodwell, Oklahoma is $122,000, against $155,600 across Texas County.
Is it cheaper to rent or buy in Goodwell?
Median gross rent in Goodwell is $826 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 Goodwell — 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.