Total monthly cost of ownership
Cost to Own a Home in Hennessey, Oklahoma
A $166,000 home here costs
$1,404per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $853. The real number is $551 higher every month — 65% 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.
Hennessey against Kingfisher County and Oklahoma
| Measure | Hennessey | Kingfisher County |
|---|---|---|
| Median home value | $165,900 | $206,400 |
| Median property tax | $758 | $1,139 |
| Effective tax rate | 0.457% | 0.552% |
| Median gross rent | $907 | $915 |
| Population | 2,603 | 15,288 |
The weather behind that power bill
Hennessey sits in Kingfisher County, which averages a high of 94.6°F in its hottest month and a low of 25.0°F in its coldest, with 36.55" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 2,033 cooling and 3,806 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Kingfisher County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Kingfisher County
Full Kingfisher County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Hennessey?
A $166,000 home in Hennessey, Oklahoma costs approximately $1,404 per month with 20% down at 6.66%. That is $853 principal and interest, $63 property tax, $161 homeowners insurance, $188 utilities and $138 set aside for maintenance.
What is the property tax rate in Hennessey?
Hennessey has an effective property tax rate of 0.457%, based on a median home value of $165,900 and median real estate taxes of $758. That is lower than the Kingfisher County average of 0.552%.
What is the average home price in Hennessey?
The median owner-occupied home value in Hennessey, Oklahoma is $165,900, against $206,400 across Kingfisher County.
Is it cheaper to rent or buy in Hennessey?
Median gross rent in Hennessey is $907 a month, against $1,404 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 Hennessey — 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.