Total monthly cost of ownership
Cost to Own a Home in Shawnee, Oklahoma
A $148,000 home here costs
$1,313per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $761. The real number is $553 higher every month — 73% 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.
Shawnee against Pottawatomie County and Oklahoma
| Measure | Shawnee | Pottawatomie County |
|---|---|---|
| Median home value | $147,800 | $155,700 |
| Median property tax | $1,169 | $1,013 |
| Effective tax rate | 0.791% | 0.651% |
| Median gross rent | $912 | $869 |
| Population | 31,511 | 73,011 |
The weather behind that power bill
Shawnee sits in Pottawatomie County, which averages a high of 94.0°F in its hottest month and a low of 27.4°F in its coldest, with 30.54" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 2,093 cooling and 3,563 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Pottawatomie County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pottawatomie County
Full Pottawatomie County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Shawnee?
A $148,000 home in Shawnee, Oklahoma costs approximately $1,313 per month with 20% down at 6.66%. That is $761 principal and interest, $98 property tax, $143 homeowners insurance, $188 utilities and $123 set aside for maintenance.
What is the property tax rate in Shawnee?
Shawnee has an effective property tax rate of 0.791%, based on a median home value of $147,800 and median real estate taxes of $1,169. That is higher than the Pottawatomie County average of 0.651%.
What is the average home price in Shawnee?
The median owner-occupied home value in Shawnee, Oklahoma is $147,800, against $155,700 across Pottawatomie County.
Is it cheaper to rent or buy in Shawnee?
Median gross rent in Shawnee is $912 a month, against $1,313 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 Shawnee — 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.