Total monthly cost of ownership
Cost to Own a Home in Minco, Oklahoma
A $130,000 home here costs
$1,266per 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 $54,500 a year.
A standard mortgage calculator would have told you $709. The real number is $557 higher every month, 79% more than the payment most buyers budget for.
Compare Grady County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Minco from a five-year rolling sample, and with about 1,540 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 Grady 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.
Minco against Grady County and Oklahoma
| Measure | Minco | Grady County |
|---|---|---|
| Median home value | $129,500 | $187,900 |
| Median property tax | $1,137 | $1,321 |
| Effective tax rate | 0.878% | 0.703% |
| Median gross rent | — | $874 |
| Population | 1,540 | 55,868 |
The weather behind that power bill
Minco sits in Grady County, which averages a high of 92.5°F in its hottest month and a low of 27.7°F in its coldest, with 37.65" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 1,945 cooling and 3,479 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Grady County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Grady County
Talk to someone who works this market
These are Minco 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 Minco every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Minco?
A $130,000 home in Minco, Oklahoma costs approximately $1,266 per month with 20% down at 7.24%. That is $709 principal and interest, $95 property tax, $126 homeowners insurance, $228 utilities and $108 set aside for maintenance.
What is the property tax rate in Minco?
Minco has an effective property tax rate of 0.878%, based on a median home value of $129,500 and median real estate taxes of $1,137. That is higher than the Grady County average of 0.703%.
What is the average home price in Minco?
The median owner-occupied home value in Minco, Oklahoma is $129,500, against $187,900 across Grady County.
Is it cheaper to rent or buy in Minco?
Rent data is not published for Minco at this level of detail.
What salary do you need to buy a home in Minco?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Minco, Oklahoma at today's rate takes a household income of roughly $54,500 a year. That covers the full $1,266 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Minco, 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.