Total monthly cost of ownership
Cost to Own a Home in Jay, Oklahoma
A $105,000 home here costs
$1,039per 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 $44,500 a year.
A standard mortgage calculator would have told you $572. The real number is $467 higher every month, 82% more than the payment most buyers budget for.
Compare Delaware County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Jay from a five-year rolling sample, and with about 2,724 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 Delaware 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.
Jay against Delaware County and Oklahoma
| Measure | Jay | Delaware County |
|---|---|---|
| Median home value | $105,400 | $164,900 |
| Median property tax | $600 | $971 |
| Effective tax rate | 0.569% | 0.589% |
| Median gross rent | $735 | $868 |
| Population | 2,724 | 41,017 |
The weather behind that power bill
Jay sits in Delaware County, which averages a high of 91.3°F in its hottest month and a low of 22.6°F in its coldest, with 49.48" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,463 cooling and 4,060 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Delaware County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Delaware County
Full Delaware County cost breakdown · Every county in Oklahoma
Talk to someone who works this market
These are Jay 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 Jay 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 Jay?
A $105,000 home in Jay, Oklahoma costs approximately $1,039 per month with 20% down at 7.24%. That is $572 principal and interest, $50 property tax, $102 homeowners insurance, $228 utilities and $88 set aside for maintenance.
What is the property tax rate in Jay?
Jay has an effective property tax rate of 0.569%, based on a median home value of $105,400 and median real estate taxes of $600. That is lower than the Delaware County average of 0.589%.
What is the average home price in Jay?
The median owner-occupied home value in Jay, Oklahoma is $105,400, against $164,900 across Delaware County.
Is it cheaper to rent or buy in Jay?
Median gross rent in Jay is $735 a month, against $1,039 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 Jay?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Jay, Oklahoma at today's rate takes a household income of roughly $44,500 a year. That covers the full $1,039 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Jay, 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.