Total monthly cost of ownership
Cost to Own a Home in Woodward, Oklahoma
A $164,000 home here costs
$1,420per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $843. The real number is $577 higher every month — 68% 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.
Woodward against Woodward County and Oklahoma
| Measure | Woodward | Woodward County |
|---|---|---|
| Median home value | $164,200 | $178,000 |
| Median property tax | $1,117 | $1,105 |
| Effective tax rate | 0.680% | 0.621% |
| Median gross rent | $839 | $847 |
| Population | 11,976 | 20,260 |
The weather behind that power bill
Woodward sits in Woodward County, which averages a high of 95.1°F in its hottest month and a low of 22.4°F in its coldest, with 21.41" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 1,916 cooling and 4,025 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Woodward County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Woodward County
Full Woodward County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Woodward?
A $164,000 home in Woodward, Oklahoma costs approximately $1,420 per month with 20% down at 6.66%. That is $843 principal and interest, $93 property tax, $159 homeowners insurance, $188 utilities and $137 set aside for maintenance.
What is the property tax rate in Woodward?
Woodward has an effective property tax rate of 0.680%, based on a median home value of $164,200 and median real estate taxes of $1,117. That is higher than the Woodward County average of 0.621%.
What is the average home price in Woodward?
The median owner-occupied home value in Woodward, Oklahoma is $164,200, against $178,000 across Woodward County.
Is it cheaper to rent or buy in Woodward?
Median gross rent in Woodward is $839 a month, against $1,420 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 Woodward — 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.