Total monthly cost of ownership
Cost to Own a Home in Stratford, Oklahoma
A $87,000 home here costs
$903per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $38,500 a year.
A standard mortgage calculator would have told you $474. The real number is $428 higher every month, 90% more than the payment most buyers budget for.
Compare Garvin County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Stratford from a five-year rolling sample, and with about 1,298 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Garvin County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Stratford against Garvin County and Oklahoma
| Measure | Stratford | Garvin County |
|---|---|---|
| Median home value | $87,400 | $132,600 |
| Median property tax | $526 | $750 |
| Effective tax rate | 0.602% | 0.566% |
| Median gross rent | $613 | $828 |
| Population | 1,298 | 25,779 |
The weather behind that power bill
Stratford sits in Garvin County, which averages a high of 95.0°F in its hottest month and a low of 27.2°F in its coldest, with 38.4" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 2,095 cooling and 3,334 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Garvin County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Garvin County
Full Garvin County cost breakdown · Every county in Oklahoma
Talk to someone who works this market
These are Stratford 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 Stratford every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Stratford I already own here and may sell
Common questions
How much does it cost to own a home in Stratford?
A $87,000 home in Stratford, Oklahoma costs approximately $903 per month with 20% down at 7.24%. That is $474 principal and interest, $44 property tax, $84 homeowners insurance, $228 utilities and $73 set aside for maintenance.
What is the property tax rate in Stratford?
Stratford has an effective property tax rate of 0.602%, based on a median home value of $87,400 and median real estate taxes of $526. That is higher than the Garvin County average of 0.566%.
What is the average home price in Stratford?
The median owner-occupied home value in Stratford, Oklahoma is $87,400, against $132,600 across Garvin County.
Is it cheaper to rent or buy in Stratford?
Median gross rent in Stratford is $613 a month, against $903 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 Stratford?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Stratford, Oklahoma at today's rate takes a household income of roughly $38,500 a year. That covers the full $903 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Stratford, 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.