Total monthly cost of ownership
Cost to Own a Home in Hollis, Oklahoma
A $54,000 home here costs
$657per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $28,000 a year.
A standard mortgage calculator would have told you $294. The real number is $363 higher every month, 123% more than the payment most buyers budget for.
Compare Harmon County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Hollis from a five-year rolling sample, and with about 1,674 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Harmon County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Hollis against Harmon County and Oklahoma
| Measure | Hollis | Harmon County |
|---|---|---|
| Median home value | $53,700 | $75,700 |
| Median property tax | $449 | $528 |
| Effective tax rate | 0.836% | 0.697% |
| Median gross rent | $663 | $663 |
| Population | 1,674 | 2,452 |
The weather behind that power bill
Hollis sits in Harmon County, which averages a high of 95.9°F in its hottest month and a low of 29.0°F in its coldest, with 23.67" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 2,265 cooling and 3,072 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Harmon County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Harmon County
No other places of this size are published in Harmon County.
Full Harmon County cost breakdown · Every county in Oklahoma
Talk to someone who works this market
These are Hollis averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Hollis every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hollis I already own here and may sell
Common questions
How much does it cost to own a home in Hollis?
A $54,000 home in Hollis, Oklahoma costs approximately $657 per month with 20% down at 7.24%. That is $294 principal and interest, $38 property tax, $52 homeowners insurance, $228 utilities and $45 set aside for maintenance.
What is the property tax rate in Hollis?
Hollis has an effective property tax rate of 0.836%, based on a median home value of $53,700 and median real estate taxes of $449. That is higher than the Harmon County average of 0.697%.
What is the average home price in Hollis?
The median owner-occupied home value in Hollis, Oklahoma is $53,700, against $75,700 across Harmon County.
Is it cheaper to rent or buy in Hollis?
Median gross rent in Hollis is $663 a month, against $657 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Hollis?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hollis, Oklahoma at today's rate takes a household income of roughly $28,000 a year. That covers the full $657 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hollis, 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.