Total monthly cost of ownership
Cost to Own a Home in Tulsa, Oklahoma
A $190,000 home here costs
$1,783per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $76,500 a year.
A standard mortgage calculator would have told you $1,052. The real number is $731 higher every month, 69% more than the payment most buyers budget for.
Compare Tulsa County with anywhere in America · full county breakdown
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 $155 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
Talk to someone who works this market
These are Tulsa 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 Tulsa every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Tulsa?
A $190,000 home in Tulsa, Oklahoma costs approximately $1,783 per month with 20% down at 7.4%. That is $1,052 principal and interest, $165 property tax, $184 homeowners insurance, $223 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 $1,783 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 Tulsa?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Tulsa, Oklahoma at today's rate takes a household income of roughly $76,500 a year. That covers the full $1,783 monthly cost, not just the mortgage payment.
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.