Total monthly cost of ownership
Cost to Own a Home in Poteau, Oklahoma
A $142,000 home here costs
$1,257per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $730. The real number is $527 higher every month — 72% 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.
Poteau against Le Flore County and Oklahoma
| Measure | Poteau | Le Flore County |
|---|---|---|
| Median home value | $142,400 | $121,600 |
| Median property tax | $996 | $794 |
| Effective tax rate | 0.699% | 0.653% |
| Median gross rent | $818 | $773 |
| Population | 8,903 | 48,728 |
The weather behind that power bill
Poteau sits in Le Flore County, which averages a high of 94.1°F in its hottest month and a low of 29.6°F in its coldest, with 47.34" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 2,177 cooling and 3,098 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Le Flore County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Le Flore County
Full Le Flore County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Poteau?
A $142,000 home in Poteau, Oklahoma costs approximately $1,257 per month with 20% down at 6.66%. That is $730 principal and interest, $83 property tax, $138 homeowners insurance, $188 utilities and $118 set aside for maintenance.
What is the property tax rate in Poteau?
Poteau has an effective property tax rate of 0.699%, based on a median home value of $142,400 and median real estate taxes of $996. That is higher than the Le Flore County average of 0.653%.
What is the average home price in Poteau?
The median owner-occupied home value in Poteau, Oklahoma is $142,400, against $121,600 across Le Flore County.
Is it cheaper to rent or buy in Poteau?
Median gross rent in Poteau is $818 a month, against $1,257 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 Poteau — 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.