How much income to buy a home in Oklahoma?

With 20% down at 6.7%, you need about $54,627/year for the median Oklahoma home.

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Q: What is the median home price in Oklahoma?

The median home price in Oklahoma is approximately $195,000 as of 2024.

Q: What is the property tax rate in Oklahoma?

The effective property tax rate in Oklahoma is 0.88%.

Q: Monthly mortgage payment in Oklahoma?

On the median $195,000 home with 20% down at 6.7%, about $1,275/month.

Median home prices, property taxes, and monthly payment estimates for Oklahoma homeowners.

Oklahoma at a Glance

Median Home Price: $195,000
Property Tax Rate: 0.88%
Median Household Income: $60,076
Annual Property Tax: $1,716

Sources: Zillow ZHVI (2024), Tax Foundation (2023), US Census ACS (2023)

Monthly Mortgage Payment in Oklahoma

Based on the Oklahoma median home price of $195,000 at 6.7% interest (30-year fixed):

Payment Breakdown	20% Down	5% Down
Loan Amount	$156,000	$185,250
Principal and Interest	$1,007	$1,195
Property Tax (OK)	$143	$143
Homeowners Insurance	$125	$125
PMI	$0	$77
Total Monthly	$1,275	$1,541

How Much House Can You Afford in Oklahoma?

Using the 28/36 rule (housing costs under 28% of gross income):

With 20% down, you need ~$54,627/year to afford Oklahoma's median home
With 5% down, you need ~$66,024/year
Oklahoma's median household income is $60,076

Oklahoma insight: Oklahoma's property tax rate of 0.88% is near the national average.

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Oklahoma Mortgage FAQ

What is the median home price in Oklahoma?

The median home price in Oklahoma is approximately $195,000 as of 2024 (Zillow ZHVI). Your actual price will vary by city and neighborhood.

What is the property tax rate in Oklahoma?

The effective property tax rate in Oklahoma is approximately 0.88% (Tax Foundation). On a $195,000 home, that is about $1,716/year in property taxes.

How much income do I need to buy a home in Oklahoma?

Using the 28/36 rule with 20% down at 6.7%, you would need about $54,627/year to afford the median Oklahoma home at $195,000. With 5% down (including PMI), about $66,024.

What will my monthly mortgage payment be in Oklahoma?

On Oklahoma's median home price of $195,000 with 20% down at 6.7%, your total monthly payment (P and I plus tax plus insurance) is approximately $1,275. With 5% down including PMI, about $1,541.

Data sources: Zillow ZHVI typical home values (2024), Tax Foundation effective property tax rates (2023), US Census Bureau ACS median household income (2023). Mortgage rate assumption: 6.7% APR 30-year fixed. This is an estimate — use our calculator for personalized numbers.