Total monthly cost of ownership
Cost to Own a Home in Idabel, Oklahoma
A $121,000 home here costs
$1,151per 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 $49,500 a year.
A standard mortgage calculator would have told you $660. The real number is $491 higher every month, 74% more than the payment most buyers budget for.
Compare McCurtain County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Idabel against McCurtain County and Oklahoma
| Measure | Idabel | McCurtain County |
|---|---|---|
| Median home value | $121,300 | $126,100 |
| Median property tax | $543 | $505 |
| Effective tax rate | 0.448% | 0.400% |
| Median gross rent | $701 | $705 |
| Population | 6,959 | 30,825 |
The weather behind that power bill
Idabel sits in McCurtain County, which averages a high of 93.1°F in its hottest month and a low of 28.3°F in its coldest, with 55.06" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,927 cooling and 3,079 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for McCurtain County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in McCurtain County
Full McCurtain County cost breakdown · Every county in Oklahoma
Talk to someone who works this market
These are Idabel 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 Idabel every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Idabel I already own here and may sell
Common questions
How much does it cost to own a home in Idabel?
A $121,000 home in Idabel, Oklahoma costs approximately $1,151 per month with 20% down at 7.24%. That is $660 principal and interest, $45 property tax, $117 homeowners insurance, $228 utilities and $101 set aside for maintenance.
What is the property tax rate in Idabel?
Idabel has an effective property tax rate of 0.448%, based on a median home value of $121,300 and median real estate taxes of $543. That is higher than the McCurtain County average of 0.400%.
What is the average home price in Idabel?
The median owner-occupied home value in Idabel, Oklahoma is $121,300, against $126,100 across McCurtain County.
Is it cheaper to rent or buy in Idabel?
Median gross rent in Idabel is $701 a month, against $1,151 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 Idabel?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Idabel, Oklahoma at today's rate takes a household income of roughly $49,500 a year. That covers the full $1,151 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Idabel, 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.