Total monthly cost of ownership
Cost to Own a Home in Hydro, Oklahoma
A $155,000 home here costs
$1,357per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $797. The real number is $560 higher every month — 70% 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.
Hydro against Caddo County and Oklahoma
| Measure | Hydro | Caddo County |
|---|---|---|
| Median home value | $155,000 | $109,900 |
| Median property tax | $1,113 | $627 |
| Effective tax rate | 0.718% | 0.571% |
| Median gross rent | $767 | $715 |
| Population | 1,179 | 26,626 |
Hydro extends across 2 counties. Figures here use Caddo County, where most of its housing sits.
The weather behind that power bill
Hydro sits in Caddo County, which averages a high of 96.8°F in its hottest month and a low of 28.1°F in its coldest, with 27.99" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 2,307 cooling and 3,406 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Caddo County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Caddo County
Common questions
How much does it cost to own a home in Hydro?
A $155,000 home in Hydro, Oklahoma costs approximately $1,357 per month with 20% down at 6.66%. That is $797 principal and interest, $93 property tax, $150 homeowners insurance, $188 utilities and $129 set aside for maintenance.
What is the property tax rate in Hydro?
Hydro has an effective property tax rate of 0.718%, based on a median home value of $155,000 and median real estate taxes of $1,113. That is higher than the Caddo County average of 0.571%.
What is the average home price in Hydro?
The median owner-occupied home value in Hydro, Oklahoma is $155,000, against $109,900 across Caddo County.
Is it cheaper to rent or buy in Hydro?
Median gross rent in Hydro is $767 a month, against $1,357 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 Hydro — 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.