Total monthly cost of ownership
Cost to Own a Home in Laverne, Oklahoma
A $109,000 home here costs
$990per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $560. The real number is $430 higher every month — 77% 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.
Laverne against Harper County and Oklahoma
| Measure | Laverne | Harper County |
|---|---|---|
| Median home value | $109,400 | $99,300 |
| Median property tax | $540 | $663 |
| Effective tax rate | 0.494% | 0.668% |
| Median gross rent | $850 | $791 |
| Population | 1,050 | 3,231 |
The weather behind that power bill
Laverne sits in Harper County, which averages a high of 95.8°F in its hottest month and a low of 21.6°F in its coldest, with 22.13" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 1,827 cooling and 4,372 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Harper County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Harper County
Full Harper County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Laverne?
A $109,000 home in Laverne, Oklahoma costs approximately $990 per month with 20% down at 6.66%. That is $560 principal and interest, $45 property tax, $106 homeowners insurance, $188 utilities and $91 set aside for maintenance.
What is the property tax rate in Laverne?
Laverne has an effective property tax rate of 0.494%, based on a median home value of $109,400 and median real estate taxes of $540. That is lower than the Harper County average of 0.668%.
What is the average home price in Laverne?
The median owner-occupied home value in Laverne, Oklahoma is $109,400, against $99,300 across Harper County.
Is it cheaper to rent or buy in Laverne?
Median gross rent in Laverne is $850 a month, against $990 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 Laverne — 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.