Total monthly cost of ownership
Cost to Own a Home in Spiro, Oklahoma
A $98,000 home here costs
$942per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $504. The real number is $438 higher every month — 87% 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.
Spiro against Le Flore County and Oklahoma
| Measure | Spiro | Le Flore County |
|---|---|---|
| Median home value | $97,500 | $121,600 |
| Median property tax | $870 | $794 |
| Effective tax rate | 0.892% | 0.653% |
| Median gross rent | $823 | $773 |
| Population | 2,205 | 48,728 |
The weather behind that power bill
Spiro 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 Spiro?
A $98,000 home in Spiro, Oklahoma costs approximately $942 per month with 20% down at 6.66%. That is $504 principal and interest, $73 property tax, $95 homeowners insurance, $188 utilities and $82 set aside for maintenance.
What is the property tax rate in Spiro?
Spiro has an effective property tax rate of 0.892%, based on a median home value of $97,500 and median real estate taxes of $870. That is higher than the Le Flore County average of 0.653%.
What is the average home price in Spiro?
The median owner-occupied home value in Spiro, Oklahoma is $97,500, against $121,600 across Le Flore County.
Is it cheaper to rent or buy in Spiro?
Median gross rent in Spiro is $823 a month, against $942 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 Spiro — 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.