Total monthly cost of ownership
Cost to Own a Home in Okmulgee, Oklahoma
A $90,000 home here costs
$927per 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 $39,500 a year.
A standard mortgage calculator would have told you $491. The real number is $436 higher every month, 89% more than the payment most buyers budget for.
Compare Okmulgee County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Okmulgee against Okmulgee County and Oklahoma
| Measure | Okmulgee | Okmulgee County |
|---|---|---|
| Median home value | $90,200 | $114,600 |
| Median property tax | $553 | $788 |
| Effective tax rate | 0.613% | 0.688% |
| Median gross rent | $799 | $811 |
| Population | 11,370 | 36,922 |
Okmulgee extends across 2 counties. Figures here use Okmulgee County, where most of its housing sits.
The weather behind that power bill
Okmulgee sits in Okmulgee County, which averages a high of 94.0°F in its hottest month and a low of 28.1°F in its coldest, with 42.09" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 2,146 cooling and 3,374 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Okmulgee County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Okmulgee County
Full Okmulgee County cost breakdown · Every county in Oklahoma
Talk to someone who works this market
These are Okmulgee 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 Okmulgee every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Okmulgee?
A $90,000 home in Okmulgee, Oklahoma costs approximately $927 per month with 20% down at 7.24%. That is $491 principal and interest, $46 property tax, $87 homeowners insurance, $228 utilities and $75 set aside for maintenance.
What is the property tax rate in Okmulgee?
Okmulgee has an effective property tax rate of 0.613%, based on a median home value of $90,200 and median real estate taxes of $553. That is lower than the Okmulgee County average of 0.688%.
What is the average home price in Okmulgee?
The median owner-occupied home value in Okmulgee, Oklahoma is $90,200, against $114,600 across Okmulgee County.
Is it cheaper to rent or buy in Okmulgee?
Median gross rent in Okmulgee is $799 a month, against $927 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 Okmulgee?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Okmulgee, Oklahoma at today's rate takes a household income of roughly $39,500 a year. That covers the full $927 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Okmulgee, 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.