The typical owner-occupied home in Oklahoma City is worth about $231,300, 16% above the Oklahoma median of $199,800 and 30% below the national median of $332,700. Owners pay a median $2,311 a year in property taxes, about 1.00% of their home's value, higher than the Oklahoma rate of 0.80%. The median household earns $68,656 a year, so the median home costs 3.4 times the median income (3.1 times for Oklahoma). 59% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Oklahoma City at a glance
| Oklahoma City | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $231,300 | $199,800 | $332,700 |
| Median property tax paid per year | $2,311 | $1,599 | $3,119 |
| Property tax as a share of value | 1.00% | 0.80% | 0.94% |
| Median household income | $68,656 | $65,039 | $80,734 |
| Homes lived in by their owners | 59% | 66% | 65% |
| Owner homes with a mortgage | 61% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,703 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 20.3% | 19.6% | 21.0% |
| Median rent | $1,130 | $1,014 | $1,413 |
| Rent as a share of renters' income | 29.5% | 28.4% | 30.6% |
| Median year homes were built | 1982 | 1980 | 1980 |
| Vacant homes | 8.6% | 12.0% | 10.1% |
| Population | 697,125 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Oklahoma City
At this week's average 30-year rate of 7.11%, buying the median Oklahoma City home of $231,300 with 20% down costs about $1,534 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,919, 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 $65,739 for the 20%-down payment. That payment is 27% of the median Oklahoma City household income of $68,656; at that income and 20% down, the 28% guideline points to a home of about $242,000.
The median rent here is $1,130 a month, so owning the median home costs about $404 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $46,260 |
|---|---|
| Loan amount | $185,040 |
| Principal and interest | $1,245 |
| Property taxes (1.00% a year) | $193 |
| Homeowners insurance (our estimate, 0.5% a year) | $96 |
| PMI | $0 |
| Total per month | $1,534 |
Change the numbers in the calculator
| Down payment | $8,096 |
|---|---|
| Loan amount | $227,111 |
| Principal and interest | $1,528 |
| Property taxes (1.00% a year) | $193 |
| Homeowners insurance (our estimate, 0.5% a year) | $96 |
| FHA mortgage insurance | $102 |
| Total per month | $1,919 |
Change the numbers in the calculator
Questions about home buying in Oklahoma City
What is the median home value in Oklahoma City?
About $231,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Oklahoma City?
Homeowners pay a median $2,311 a year, which is about 1.00% 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 Oklahoma City?
For the median home with 20% down at 7.11%, the payment is about $1,534 a month. Keeping that under 28% of gross income takes about $65,739 a year.
More about Oklahoma City
- Mortgage Refinance in Oklahoma City
- Debt Relief in Oklahoma City
- Home Equity Loans in Oklahoma City
- 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