Total monthly cost of ownership
Cost to Own a Home in Tulsa, Oklahoma
A $190,000 home here costs
$1,673per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $977. The real number is $696 higher every month — 71% 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.
Tulsa against Tulsa County and Oklahoma
| Measure | Tulsa | Tulsa County |
|---|---|---|
| Median home value | $189,600 | $213,500 |
| Median property tax | $1,981 | $2,161 |
| Effective tax rate | 1.045% | 1.012% |
| Median gross rent | $998 | $1,060 |
| Population | 412,322 | 673,708 |
Tulsa extends across 4 counties. Figures here use Tulsa County, where most of its housing sits.
The weather behind that power bill
Tulsa sits in Tulsa County, which averages a high of 94.0°F in its hottest month and a low of 28.1°F in its coldest, with 42.09" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 2,146 cooling and 3,374 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Tulsa County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tulsa County
Common questions
How much does it cost to own a home in Tulsa?
A $190,000 home in Tulsa, Oklahoma costs approximately $1,673 per month with 20% down at 6.66%. That is $977 principal and interest, $165 property tax, $184 homeowners insurance, $188 utilities and $158 set aside for maintenance.
What is the property tax rate in Tulsa?
Tulsa has an effective property tax rate of 1.045%, based on a median home value of $189,600 and median real estate taxes of $1,981. That is higher than the Tulsa County average of 1.012%.
What is the average home price in Tulsa?
The median owner-occupied home value in Tulsa, Oklahoma is $189,600, against $213,500 across Tulsa County.
Is it cheaper to rent or buy in Tulsa?
Median gross rent in Tulsa is $998 a month, against $1,673 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 Tulsa — 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.