Total monthly cost of ownership
Cost to Own a Home in Hydro, Oklahoma
A $155,000 home here costs
$1,445per 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 $62,000 a year.
A standard mortgage calculator would have told you $845. The real number is $600 higher every month, 71% more than the payment most buyers budget for.
Compare Caddo County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Hydro from a five-year rolling sample, and with about 1,179 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 Caddo 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.
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 $160 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
Talk to someone who works this market
These are Hydro 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 Hydro every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Hydro?
A $155,000 home in Hydro, Oklahoma costs approximately $1,445 per month with 20% down at 7.24%. That is $845 principal and interest, $93 property tax, $150 homeowners insurance, $228 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 $1,445 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Hydro?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hydro, Oklahoma at today's rate takes a household income of roughly $62,000 a year. That covers the full $1,445 monthly cost, not just the mortgage payment.
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.