Total monthly cost of ownership
Cost to Own a Home in Okemah, Oklahoma
A $65,000 home here costs
$729per 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 $31,500 a year.
A standard mortgage calculator would have told you $354. The real number is $375 higher every month, 106% more than the payment most buyers budget for.
Compare Okfuskee County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Okemah from a five-year rolling sample, and with about 3,058 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 Okfuskee 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.
Okemah against Okfuskee County and Oklahoma
| Measure | Okemah | Okfuskee County |
|---|---|---|
| Median home value | $65,000 | $110,800 |
| Median property tax | $357 | $552 |
| Effective tax rate | 0.549% | 0.498% |
| Median gross rent | $694 | $689 |
| Population | 3,058 | 11,304 |
The weather behind that power bill
Okemah sits in Okfuskee County, which averages a high of 93.0°F in its hottest month and a low of 30.3°F in its coldest, with 43.53" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 2,033 cooling and 3,160 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Okfuskee County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Okfuskee County
Full Okfuskee County cost breakdown · Every county in Oklahoma
Talk to someone who works this market
These are Okemah 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 Okemah every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Okemah I already own here and may sell
Common questions
How much does it cost to own a home in Okemah?
A $65,000 home in Okemah, Oklahoma costs approximately $729 per month with 20% down at 7.24%. That is $354 principal and interest, $30 property tax, $63 homeowners insurance, $228 utilities and $54 set aside for maintenance.
What is the property tax rate in Okemah?
Okemah has an effective property tax rate of 0.549%, based on a median home value of $65,000 and median real estate taxes of $357. That is higher than the Okfuskee County average of 0.498%.
What is the average home price in Okemah?
The median owner-occupied home value in Okemah, Oklahoma is $65,000, against $110,800 across Okfuskee County.
Is it cheaper to rent or buy in Okemah?
Median gross rent in Okemah is $694 a month, against $729 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 Okemah?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Okemah, Oklahoma at today's rate takes a household income of roughly $31,500 a year. That covers the full $729 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Okemah, 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.