Total monthly cost of ownership
Cost to Own a Home in Sand Springs, Oklahoma
A $187,000 home here costs
$1,751per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $75,000 a year.
A standard mortgage calculator would have told you $1,036. The real number is $715 higher every month, 69% more than the payment most buyers budget for.
Compare Tulsa 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.
Sand Springs against Tulsa County and Oklahoma
| Measure | Sand Springs | Tulsa County |
|---|---|---|
| Median home value | $186,700 | $213,500 |
| Median property tax | $1,859 | $2,161 |
| Effective tax rate | 0.996% | 1.012% |
| Median gross rent | $1,016 | $1,060 |
| Population | 19,973 | 673,708 |
Sand Springs extends across 2 counties. Figures here use Tulsa County, where most of its housing sits.
The weather behind that power bill
Sand Springs sits in Tulsa 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 $155 electricity line above.
See the full climate breakdown for Tulsa County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tulsa County
Talk to someone who works this market
These are Sand Springs 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 Sand Springs every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Sand Springs I already own here and may sell
Common questions
How much does it cost to own a home in Sand Springs?
A $187,000 home in Sand Springs, Oklahoma costs approximately $1,751 per month with 20% down at 7.4%. That is $1,036 principal and interest, $155 property tax, $181 homeowners insurance, $223 utilities and $156 set aside for maintenance.
What is the property tax rate in Sand Springs?
Sand Springs has an effective property tax rate of 0.996%, based on a median home value of $186,700 and median real estate taxes of $1,859. That is lower than the Tulsa County average of 1.012%.
What is the average home price in Sand Springs?
The median owner-occupied home value in Sand Springs, Oklahoma is $186,700, against $213,500 across Tulsa County.
Is it cheaper to rent or buy in Sand Springs?
Median gross rent in Sand Springs is $1,016 a month, against $1,751 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 Sand Springs?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Sand Springs, Oklahoma at today's rate takes a household income of roughly $75,000 a year. That covers the full $1,751 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Sand Springs, 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.