Total monthly cost of ownership
Cost to Own a Home in Waurika, Oklahoma
A $50,000 home here costs
$574per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $257. The real number is $317 higher every month — 123% 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.
Waurika against Jefferson County and Oklahoma
| Measure | Waurika | Jefferson County |
|---|---|---|
| Median home value | $49,500 | $77,500 |
| Median property tax | $454 | $512 |
| Effective tax rate | 0.917% | 0.661% |
| Median gross rent | $616 | $588 |
| Population | 1,847 | 5,377 |
The weather behind that power bill
Waurika sits in Jefferson County, which averages a high of 97.2°F in its hottest month and a low of 30.0°F in its coldest, with 27.89" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 2,445 cooling and 2,897 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Jefferson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jefferson County
No other places of this size are published in Jefferson County.
Full Jefferson County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Waurika?
A $50,000 home in Waurika, Oklahoma costs approximately $574 per month with 20% down at 6.66%. That is $257 principal and interest, $38 property tax, $48 homeowners insurance, $188 utilities and $42 set aside for maintenance.
What is the property tax rate in Waurika?
Waurika has an effective property tax rate of 0.917%, based on a median home value of $49,500 and median real estate taxes of $454. That is higher than the Jefferson County average of 0.661%.
What is the average home price in Waurika?
The median owner-occupied home value in Waurika, Oklahoma is $49,500, against $77,500 across Jefferson County.
Is it cheaper to rent or buy in Waurika?
Median gross rent in Waurika is $616 a month, against $574 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Waurika — 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.