Total monthly cost of ownership
Cost to Own a Home in Weatherford, Oklahoma
A $234,000 home here costs
$2,071per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $89,000 a year.
A standard mortgage calculator would have told you $1,276. The real number is $795 higher every month, 62% more than the payment most buyers budget for.
Compare Custer 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.
Weatherford against Custer County and Oklahoma
| Measure | Weatherford | Custer County |
|---|---|---|
| Median home value | $233,700 | $177,000 |
| Median property tax | $1,745 | $1,197 |
| Effective tax rate | 0.747% | 0.676% |
| Median gross rent | $763 | $779 |
| Population | 12,014 | 28,332 |
The weather behind that power bill
Weatherford 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 $160 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
Talk to someone who works this market
These are Weatherford 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 Weatherford every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Weatherford I already own here and may sell
Common questions
How much does it cost to own a home in Weatherford?
A $234,000 home in Weatherford, Oklahoma costs approximately $2,071 per month with 20% down at 7.24%. That is $1,276 principal and interest, $146 property tax, $227 homeowners insurance, $228 utilities and $195 set aside for maintenance.
What is the property tax rate in Weatherford?
Weatherford has an effective property tax rate of 0.747%, based on a median home value of $233,700 and median real estate taxes of $1,745. That is higher than the Custer County average of 0.676%.
What is the average home price in Weatherford?
The median owner-occupied home value in Weatherford, Oklahoma is $233,700, against $177,000 across Custer County.
Is it cheaper to rent or buy in Weatherford?
Median gross rent in Weatherford is $763 a month, against $2,071 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 Weatherford?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Weatherford, Oklahoma at today's rate takes a household income of roughly $89,000 a year. That covers the full $2,071 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Weatherford, 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.