Total monthly cost of ownership
Cost to Own a Home in Jay, Oklahoma
A $105,000 home here costs
$967per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $540. The real number is $427 higher every month — 79% 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.
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 $120 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
Common questions
How much does it cost to own a home in Jay?
A $105,000 home in Jay, Oklahoma costs approximately $967 per month with 20% down at 6.66%. That is $540 principal and interest, $50 property tax, $102 homeowners insurance, $188 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 $967 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 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.