Total monthly cost of ownership
Cost to Own a Home in Union City, Oklahoma
A $269,000 home here costs
$2,179per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,383. The real number is $796 higher every month — 58% 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.
Union City against Canadian County and Oklahoma
| Measure | Union City | Canadian County |
|---|---|---|
| Median home value | $268,900 | $230,300 |
| Median property tax | $1,474 | $2,259 |
| Effective tax rate | 0.548% | 0.981% |
| Median gross rent | $1,096 | $1,208 |
| Population | 1,603 | 162,621 |
The weather behind that power bill
Union City sits in Canadian County, which averages a high of 93.5°F in its hottest month and a low of 25.2°F in its coldest, with 34.54" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 1,814 cooling and 3,917 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Canadian County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Canadian County
Full Canadian County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Union City?
A $269,000 home in Union City, Oklahoma costs approximately $2,179 per month with 20% down at 6.66%. That is $1,383 principal and interest, $123 property tax, $261 homeowners insurance, $188 utilities and $224 set aside for maintenance.
What is the property tax rate in Union City?
Union City has an effective property tax rate of 0.548%, based on a median home value of $268,900 and median real estate taxes of $1,474. That is lower than the Canadian County average of 0.981%.
What is the average home price in Union City?
The median owner-occupied home value in Union City, Oklahoma is $268,900, against $230,300 across Canadian County.
Is it cheaper to rent or buy in Union City?
Median gross rent in Union City is $1,096 a month, against $2,179 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 Union City — 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.