The typical owner-occupied home in Depew is worth about $55,800, 72% below the Oklahoma median of $199,800 and 83% below the national median of $332,700. Owners pay a median $661 a year in property taxes, about 1.18% of their home's value, higher than the Oklahoma rate of 0.80%. The median household earns $37,250 a year, so the median home costs 1.5 times the median income (3.1 times for Oklahoma). 69% of occupied homes here are lived in by their owners, and 24% of those owners still have a mortgage.
Depew at a glance
| Depew | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $55,800 | $199,800 | $332,700 |
| Median property tax paid per year | $661 | $1,599 | $3,119 |
| Property tax as a share of value | 1.18% | 0.80% | 0.94% |
| Median household income | $37,250 | $65,039 | $80,734 |
| Homes lived in by their owners | 69% | 66% | 65% |
| Owner homes with a mortgage | 24% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $975 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 18.6% | 19.6% | 21.0% |
| Median rent | $1,010 | $1,014 | $1,413 |
| Rent as a share of renters' income | 26.8% | 28.4% | 30.6% |
| Median year homes were built | 1987 | 1980 | 1980 |
| Vacant homes | 23.5% | 12.0% | 10.1% |
| Population | 391 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Depew
At this week's average 30-year rate of 7.11%, buying the median Depew home of $55,800 with 20% down costs about $378 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $471, 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 $16,218 for the 20%-down payment. That payment is 12% of the median Depew household income of $37,250; at that income and 20% down, the 28% guideline points to a home of about $128,000.
The median rent here is $1,010 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $11,160 |
|---|---|
| Loan amount | $44,640 |
| Principal and interest | $300 |
| Property taxes (1.18% a year) | $55 |
| Homeowners insurance (our estimate, 0.5% a year) | $23 |
| PMI | $0 |
| Total per month | $378 |
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| Down payment | $1,953 |
|---|---|
| Loan amount | $54,789 |
| Principal and interest | $369 |
| Property taxes (1.18% a year) | $55 |
| Homeowners insurance (our estimate, 0.5% a year) | $23 |
| FHA mortgage insurance | $25 |
| Total per month | $471 |
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Questions about home buying in Depew
What is the median home value in Depew?
About $55,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Depew?
Homeowners pay a median $661 a year, which is about 1.18% 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 Depew?
For the median home with 20% down at 7.11%, the payment is about $378 a month. Keeping that under 28% of gross income takes about $16,218 a year.
More about Depew
- Mortgage Refinance in Depew
- Debt Relief in Depew
- Home Equity Loans in Depew
- 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