Total monthly cost of ownership
Cost to Own a Home in Grove, Oklahoma
A $232,000 home here costs
$1,947per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,193. The real number is $754 higher every month — 63% 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.
Grove against Delaware County and Oklahoma
| Measure | Grove | Delaware County |
|---|---|---|
| Median home value | $232,400 | $164,900 |
| Median property tax | $1,773 | $971 |
| Effective tax rate | 0.763% | 0.589% |
| Median gross rent | $887 | $868 |
| Population | 7,101 | 41,017 |
The weather behind that power bill
Grove sits in Delaware County, which averages a high of 91.3°F in its hottest month and a low of 22.6°F in its coldest, with 49.48" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,463 cooling and 4,060 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Delaware County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Delaware County
Full Delaware County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Grove?
A $232,000 home in Grove, Oklahoma costs approximately $1,947 per month with 20% down at 6.66%. That is $1,193 principal and interest, $148 property tax, $225 homeowners insurance, $188 utilities and $193 set aside for maintenance.
What is the property tax rate in Grove?
Grove has an effective property tax rate of 0.763%, based on a median home value of $232,400 and median real estate taxes of $1,773. That is higher than the Delaware County average of 0.589%.
What is the average home price in Grove?
The median owner-occupied home value in Grove, Oklahoma is $232,400, against $164,900 across Delaware County.
Is it cheaper to rent or buy in Grove?
Median gross rent in Grove is $887 a month, against $1,947 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 Grove — 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.