Total monthly cost of ownership
Cost to Own a Home in Thomas, Oklahoma
A $134,000 home here costs
$1,162per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $689. The real number is $473 higher every month — 69% 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.
Thomas against Custer County and Oklahoma
| Measure | Thomas | Custer County |
|---|---|---|
| Median home value | $133,600 | $177,000 |
| Median property tax | $516 | $1,197 |
| Effective tax rate | 0.386% | 0.676% |
| Median gross rent | $733 | $779 |
| Population | 1,255 | 28,332 |
The weather behind that power bill
Thomas sits in Custer County, which averages a high of 95.2°F in its hottest month and a low of 25.1°F in its coldest, with 31.01" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 2,019 cooling and 3,622 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Custer County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Custer County
Full Custer County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Thomas?
A $134,000 home in Thomas, Oklahoma costs approximately $1,162 per month with 20% down at 6.66%. That is $689 principal and interest, $43 property tax, $130 homeowners insurance, $188 utilities and $112 set aside for maintenance.
What is the property tax rate in Thomas?
Thomas has an effective property tax rate of 0.386%, based on a median home value of $133,600 and median real estate taxes of $516. That is lower than the Custer County average of 0.676%.
What is the average home price in Thomas?
The median owner-occupied home value in Thomas, Oklahoma is $133,600, against $177,000 across Custer County.
Is it cheaper to rent or buy in Thomas?
Median gross rent in Thomas is $733 a month, against $1,162 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 Thomas — 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.