Total monthly cost of ownership
Cost to Own a Home in Lone Grove, Oklahoma
A $184,000 home here costs
$1,586per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $946. The real number is $640 higher every month — 68% 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.
Lone Grove against Carter County and Oklahoma
| Measure | Lone Grove | Carter County |
|---|---|---|
| Median home value | $184,400 | $153,500 |
| Median property tax | $1,444 | $1,185 |
| Effective tax rate | 0.783% | 0.772% |
| Median gross rent | $884 | $945 |
| Population | 5,070 | 48,255 |
The weather behind that power bill
Lone Grove sits in Carter County, which averages a high of 93.5°F in its hottest month and a low of 27.9°F in its coldest, with 41.8" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 2,038 cooling and 3,280 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Carter County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Carter County
Full Carter County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Lone Grove?
A $184,000 home in Lone Grove, Oklahoma costs approximately $1,586 per month with 20% down at 6.66%. That is $946 principal and interest, $120 property tax, $178 homeowners insurance, $188 utilities and $153 set aside for maintenance.
What is the property tax rate in Lone Grove?
Lone Grove has an effective property tax rate of 0.783%, based on a median home value of $184,400 and median real estate taxes of $1,444. That is higher than the Carter County average of 0.772%.
What is the average home price in Lone Grove?
The median owner-occupied home value in Lone Grove, Oklahoma is $184,400, against $153,500 across Carter County.
Is it cheaper to rent or buy in Lone Grove?
Median gross rent in Lone Grove is $884 a month, against $1,586 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 Lone Grove — 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.