Total monthly cost of ownership
Cost to Own a Home in Latta, Oklahoma
A $166,000 home here costs
$1,446per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $853. The real number is $593 higher every month — 69% 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.
Latta against Pontotoc County and Oklahoma
| Measure | Latta | Pontotoc County |
|---|---|---|
| Median home value | $165,800 | $170,500 |
| Median property tax | $1,265 | $1,067 |
| Effective tax rate | 0.763% | 0.626% |
| Median gross rent | $750 | $880 |
| Population | 1,413 | 38,158 |
The weather behind that power bill
Latta sits in Pontotoc County, which averages a high of 93.8°F in its hottest month and a low of 27.3°F in its coldest, with 41.49" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 2,038 cooling and 3,258 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Pontotoc County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pontotoc County
Full Pontotoc County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Latta?
A $166,000 home in Latta, Oklahoma costs approximately $1,446 per month with 20% down at 6.66%. That is $853 principal and interest, $106 property tax, $161 homeowners insurance, $188 utilities and $138 set aside for maintenance.
What is the property tax rate in Latta?
Latta has an effective property tax rate of 0.763%, based on a median home value of $165,800 and median real estate taxes of $1,265. That is higher than the Pontotoc County average of 0.626%.
What is the average home price in Latta?
The median owner-occupied home value in Latta, Oklahoma is $165,800, against $170,500 across Pontotoc County.
Is it cheaper to rent or buy in Latta?
Median gross rent in Latta is $750 a month, against $1,446 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 Latta — 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.