Total monthly cost of ownership
Cost to Own a Home in Grandview, Oklahoma
A $160,000 home here costs
$1,378per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $823. The real number is $555 higher every month — 68% 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.
Grandview against Cherokee County and Oklahoma
| Measure | Grandview | Cherokee County |
|---|---|---|
| Median home value | $159,600 | $160,300 |
| Median property tax | $942 | $905 |
| Effective tax rate | 0.590% | 0.565% |
| Median gross rent | — | $803 |
| Population | 1,262 | 47,621 |
The weather behind that power bill
Grandview sits in Cherokee County, which averages a high of 93.0°F in its hottest month and a low of 27.5°F in its coldest, with 50.98" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,863 cooling and 3,312 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Cherokee County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cherokee County
Full Cherokee County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Grandview?
A $160,000 home in Grandview, Oklahoma costs approximately $1,378 per month with 20% down at 6.66%. That is $823 principal and interest, $79 property tax, $155 homeowners insurance, $188 utilities and $133 set aside for maintenance.
What is the property tax rate in Grandview?
Grandview has an effective property tax rate of 0.590%, based on a median home value of $159,600 and median real estate taxes of $942. That is higher than the Cherokee County average of 0.565%.
What is the average home price in Grandview?
The median owner-occupied home value in Grandview, Oklahoma is $159,600, against $160,300 across Cherokee County.
Is it cheaper to rent or buy in Grandview?
Rent data is not published for Grandview at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Grandview — 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.