Total monthly cost of ownership
Cost to Own a Home in Oakland, Oklahoma
A $85,000 home here costs
$816per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $437. The real number is $379 higher every month — 87% 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.
Oakland against Marshall County and Oklahoma
| Measure | Oakland | Marshall County |
|---|---|---|
| Median home value | $84,600 | $139,700 |
| Median property tax | $445 | $824 |
| Effective tax rate | 0.526% | 0.590% |
| Median gross rent | $767 | $819 |
| Population | 1,076 | 15,628 |
The weather behind that power bill
Oakland sits in Marshall County, which averages a high of 95.0°F in its hottest month and a low of 29.8°F in its coldest, with 41.35" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 2,298 cooling and 3,019 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Marshall County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marshall County
Full Marshall County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Oakland?
A $85,000 home in Oakland, Oklahoma costs approximately $816 per month with 20% down at 6.66%. That is $437 principal and interest, $37 property tax, $82 homeowners insurance, $188 utilities and $71 set aside for maintenance.
What is the property tax rate in Oakland?
Oakland has an effective property tax rate of 0.526%, based on a median home value of $84,600 and median real estate taxes of $445. That is lower than the Marshall County average of 0.590%.
What is the average home price in Oakland?
The median owner-occupied home value in Oakland, Oklahoma is $84,600, against $139,700 across Marshall County.
Is it cheaper to rent or buy in Oakland?
Median gross rent in Oakland is $767 a month, against $816 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 Oakland — 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.