Total monthly cost of ownership
Cost to Own a Home in Seminole, Oklahoma
A $87,000 home here costs
$842per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $447. The real number is $395 higher every month — 88% 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.
Seminole against Seminole County and Oklahoma
| Measure | Seminole | Seminole County |
|---|---|---|
| Median home value | $86,500 | $91,200 |
| Median property tax | $591 | $552 |
| Effective tax rate | 0.683% | 0.605% |
| Median gross rent | $724 | $730 |
| Population | 7,161 | 23,550 |
The weather behind that power bill
Seminole sits in Seminole 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 $120 electricity line above.
See the full climate breakdown for Seminole County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Seminole County
Full Seminole County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Seminole?
A $87,000 home in Seminole, Oklahoma costs approximately $842 per month with 20% down at 6.66%. That is $447 principal and interest, $50 property tax, $84 homeowners insurance, $188 utilities and $73 set aside for maintenance.
What is the property tax rate in Seminole?
Seminole has an effective property tax rate of 0.683%, based on a median home value of $86,500 and median real estate taxes of $591. That is higher than the Seminole County average of 0.605%.
What is the average home price in Seminole?
The median owner-occupied home value in Seminole, Oklahoma is $86,500, against $91,200 across Seminole County.
Is it cheaper to rent or buy in Seminole?
Median gross rent in Seminole is $724 a month, against $842 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 Seminole — 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.