The typical owner-occupied home in Proctor is worth about $163,500, 18% below the Oklahoma median of $199,800 and 51% below the national median of $332,700. Owners pay a median $1,031 a year in property taxes, about 0.63% of their home's value, lower than the Oklahoma rate of 0.80%. The median household earns $43,654 a year, so the median home costs 3.7 times the median income (3.1 times for Oklahoma). 71% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Proctor at a glance
| Proctor | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $163,500 | $199,800 | $332,700 |
| Median property tax paid per year | $1,031 | $1,599 | $3,119 |
| Property tax as a share of value | 0.63% | 0.80% | 0.94% |
| Median household income | $43,654 | $65,039 | $80,734 |
| Homes lived in by their owners | 71% | 66% | 65% |
| Owner homes with a mortgage | 0% | 54% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,539 | $1,963 |
| Median rent | – | $1,014 | $1,413 |
| Median year homes were built | 2003 | 1980 | 1980 |
| Vacant homes | 14.3% | 12.0% | 10.1% |
| Population | 100 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Proctor
At this week's average 30-year rate of 7.11%, buying the median Proctor home of $163,500 with 20% down costs about $1,034 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,306, 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 $44,308 for the 20%-down payment. That payment is 28% of the median Proctor household income of $43,654; at that income and 20% down, the 28% guideline points to a home of about $161,000.
| Down payment | $32,700 |
|---|---|
| Loan amount | $130,800 |
| Principal and interest | $880 |
| Property taxes (0.63% a year) | $86 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| PMI | $0 |
| Total per month | $1,034 |
Change the numbers in the calculator
| Down payment | $5,722 |
|---|---|
| Loan amount | $160,539 |
| Principal and interest | $1,080 |
| Property taxes (0.63% a year) | $86 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| FHA mortgage insurance | $72 |
| Total per month | $1,306 |
Change the numbers in the calculator
Questions about home buying in Proctor
What is the median home value in Proctor?
About $163,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Proctor?
Homeowners pay a median $1,031 a year, which is about 0.63% 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 Proctor?
For the median home with 20% down at 7.11%, the payment is about $1,034 a month. Keeping that under 28% of gross income takes about $44,308 a year.
More about Proctor
- Mortgage Refinance in Proctor
- Debt Relief in Proctor
- Home Equity Loans in Proctor
- 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