The typical owner-occupied home in Calumet is worth about $106,300, 47% below the Oklahoma median of $199,800 and 68% below the national median of $332,700. Owners pay a median $1,229 a year in property taxes, about 1.16% of their home's value, higher than the Oklahoma rate of 0.80%. The median household earns $80,938 a year, so the median home costs 1.3 times the median income (3.1 times for Oklahoma). 68% of occupied homes here are lived in by their owners, and 19% of those owners still have a mortgage.
Calumet at a glance
| Calumet | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $106,300 | $199,800 | $332,700 |
| Median property tax paid per year | $1,229 | $1,599 | $3,119 |
| Property tax as a share of value | 1.16% | 0.80% | 0.94% |
| Median household income | $80,938 | $65,039 | $80,734 |
| Homes lived in by their owners | 68% | 66% | 65% |
| Owner homes with a mortgage | 19% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,292 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 19.2% | 19.6% | 21.0% |
| Median rent | $905 | $1,014 | $1,413 |
| Rent as a share of renters' income | 25.4% | 28.4% | 30.6% |
| Median year homes were built | 1974 | 1980 | 1980 |
| Vacant homes | 16.6% | 12.0% | 10.1% |
| Population | 493 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Calumet
At this week's average 30-year rate of 7.11%, buying the median Calumet home of $106,300 with 20% down costs about $719 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $896, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $30,819 for the 20%-down payment. That payment is 11% of the median Calumet household income of $80,938; at that income and 20% down, the 28% guideline points to a home of about $279,000.
The median rent here is $905 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,260 |
|---|---|
| Loan amount | $85,040 |
| Principal and interest | $572 |
| Property taxes (1.16% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $719 |
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| Down payment | $3,720 |
|---|---|
| Loan amount | $104,375 |
| Principal and interest | $702 |
| Property taxes (1.16% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $47 |
| Total per month | $896 |
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Questions about home buying in Calumet
What is the median home value in Calumet?
About $106,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Calumet?
Homeowners pay a median $1,229 a year, which is about 1.16% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Calumet?
For the median home with 20% down at 7.11%, the payment is about $719 a month. Keeping that under 28% of gross income takes about $30,819 a year.
More about Calumet
- Mortgage Refinance in Calumet
- Debt Relief in Calumet
- Home Equity Loans in Calumet
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data