Total monthly cost of ownership
Cost to Own a Home in Ponca City, Oklahoma
A $128,000 home here costs
$1,152per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $658. The real number is $494 higher every month — 75% 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.
Ponca City against Kay County and Oklahoma
| Measure | Ponca City | Kay County |
|---|---|---|
| Median home value | $127,500 | $116,800 |
| Median property tax | $898 | $799 |
| Effective tax rate | 0.704% | 0.684% |
| Median gross rent | $827 | $830 |
| Population | 24,377 | 43,731 |
The weather behind that power bill
Ponca City sits in Kay County, which averages a high of 93.3°F in its hottest month and a low of 24.6°F in its coldest, with 33.57" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 1,940 cooling and 3,958 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Kay County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Kay County
Common questions
How much does it cost to own a home in Ponca City?
A $128,000 home in Ponca City, Oklahoma costs approximately $1,152 per month with 20% down at 6.66%. That is $658 principal and interest, $75 property tax, $124 homeowners insurance, $188 utilities and $107 set aside for maintenance.
What is the property tax rate in Ponca City?
Ponca City has an effective property tax rate of 0.704%, based on a median home value of $127,500 and median real estate taxes of $898. That is higher than the Kay County average of 0.684%.
What is the average home price in Ponca City?
The median owner-occupied home value in Ponca City, Oklahoma is $127,500, against $116,800 across Kay County.
Is it cheaper to rent or buy in Ponca City?
Median gross rent in Ponca City is $827 a month, against $1,152 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 Ponca City — 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.