Total monthly cost of ownership
Cost to Own a Home in Mounds, Oklahoma
A $158,000 home here costs
$1,451per 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 $62,000 a year.
A standard mortgage calculator would have told you $861. The real number is $590 higher every month, 68% more than the payment most buyers budget for.
Compare Creek County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Mounds from a five-year rolling sample, and with about 1,031 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 Creek 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.
Mounds against Creek County and Oklahoma
| Measure | Mounds | Creek County |
|---|---|---|
| Median home value | $158,300 | $170,900 |
| Median property tax | $930 | $1,261 |
| Effective tax rate | 0.587% | 0.738% |
| Median gross rent | $910 | $910 |
| Population | 1,031 | 72,353 |
Mounds extends across 2 counties. Figures here use Creek County, where most of its housing sits.
The weather behind that power bill
Mounds sits in Creek County, which averages a high of 91.9°F in its hottest month and a low of 26.1°F in its coldest, with 42.07" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 1,701 cooling and 3,665 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Creek County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Creek County
Talk to someone who works this market
These are Mounds 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 Mounds every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Mounds I already own here and may sell
Common questions
How much does it cost to own a home in Mounds?
A $158,000 home in Mounds, Oklahoma costs approximately $1,451 per month with 20% down at 7.24%. That is $861 principal and interest, $77 property tax, $153 homeowners insurance, $228 utilities and $132 set aside for maintenance.
What is the property tax rate in Mounds?
Mounds has an effective property tax rate of 0.587%, based on a median home value of $158,300 and median real estate taxes of $930. That is lower than the Creek County average of 0.738%.
What is the average home price in Mounds?
The median owner-occupied home value in Mounds, Oklahoma is $158,300, against $170,900 across Creek County.
Is it cheaper to rent or buy in Mounds?
Median gross rent in Mounds is $910 a month, against $1,451 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 Mounds?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Mounds, Oklahoma at today's rate takes a household income of roughly $62,000 a year. That covers the full $1,451 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Mounds, 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.