Total monthly cost of ownership
Cost to Own a Home in McLoud, Oklahoma
A $146,000 home here costs
$1,359per 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 $58,500 a year.
A standard mortgage calculator would have told you $796. The real number is $563 higher every month, 71% more than the payment most buyers budget for.
Compare Pottawatomie County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for McLoud from a five-year rolling sample, and with about 4,424 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 Pottawatomie 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.
McLoud against Pottawatomie County and Oklahoma
| Measure | McLoud | Pottawatomie County |
|---|---|---|
| Median home value | $146,300 | $155,700 |
| Median property tax | $870 | $1,013 |
| Effective tax rate | 0.595% | 0.651% |
| Median gross rent | $660 | $869 |
| Population | 4,424 | 73,011 |
The weather behind that power bill
McLoud sits in Pottawatomie County, which averages a high of 94.0°F in its hottest month and a low of 27.4°F in its coldest, with 30.54" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 2,093 cooling and 3,563 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Pottawatomie County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pottawatomie County
Full Pottawatomie County cost breakdown · Every county in Oklahoma
Talk to someone who works this market
These are McLoud 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 McLoud every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in McLoud I already own here and may sell
Common questions
How much does it cost to own a home in McLoud?
A $146,000 home in McLoud, Oklahoma costs approximately $1,359 per month with 20% down at 7.24%. That is $796 principal and interest, $72 property tax, $141 homeowners insurance, $228 utilities and $122 set aside for maintenance.
What is the property tax rate in McLoud?
McLoud has an effective property tax rate of 0.595%, based on a median home value of $146,300 and median real estate taxes of $870. That is lower than the Pottawatomie County average of 0.651%.
What is the average home price in McLoud?
The median owner-occupied home value in McLoud, Oklahoma is $146,300, against $155,700 across Pottawatomie County.
Is it cheaper to rent or buy in McLoud?
Median gross rent in McLoud is $660 a month, against $1,359 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 McLoud?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in McLoud, Oklahoma at today's rate takes a household income of roughly $58,500 a year. That covers the full $1,359 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for McLoud, 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.