The typical owner-occupied home in Arapaho is worth about $118,800, 41% below the Oklahoma median of $199,800 and 64% below the national median of $332,700. Owners pay a median $591 a year in property taxes, about 0.50% of their home's value, lower than the Oklahoma rate of 0.80%. The median household earns $39,632 a year, so the median home costs 3.0 times the median income (3.1 times for Oklahoma). 72% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Arapaho at a glance
| Arapaho | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $118,800 | $199,800 | $332,700 |
| Median property tax paid per year | $591 | $1,599 | $3,119 |
| Property tax as a share of value | 0.50% | 0.80% | 0.94% |
| Median household income | $39,632 | $65,039 | $80,734 |
| Homes lived in by their owners | 72% | 66% | 65% |
| Owner homes with a mortgage | 43% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $964 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 21.1% | 19.6% | 21.0% |
| Median rent | $889 | $1,014 | $1,413 |
| Rent as a share of renters' income | 33.5% | 28.4% | 30.6% |
| Median year homes were built | 1973 | 1980 | 1980 |
| Vacant homes | 22.5% | 12.0% | 10.1% |
| Population | 715 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Arapaho
At this week's average 30-year rate of 7.11%, buying the median Arapaho home of $118,800 with 20% down costs about $738 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $936, 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 $31,643 for the 20%-down payment. That payment is 22% of the median Arapaho household income of $39,632; at that income and 20% down, the 28% guideline points to a home of about $149,000.
The median rent here is $889 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $23,760 |
|---|---|
| Loan amount | $95,040 |
| Principal and interest | $639 |
| Property taxes (0.50% a year) | $50 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| PMI | $0 |
| Total per month | $738 |
Change the numbers in the calculator
| Down payment | $4,158 |
|---|---|
| Loan amount | $116,648 |
| Principal and interest | $785 |
| Property taxes (0.50% a year) | $50 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| FHA mortgage insurance | $53 |
| Total per month | $936 |
Change the numbers in the calculator
Questions about home buying in Arapaho
What is the median home value in Arapaho?
About $118,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Arapaho?
Homeowners pay a median $591 a year, which is about 0.50% 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 Arapaho?
For the median home with 20% down at 7.11%, the payment is about $738 a month. Keeping that under 28% of gross income takes about $31,643 a year.
More about Arapaho
- Mortgage Refinance in Arapaho
- Debt Relief in Arapaho
- Home Equity Loans in Arapaho
- 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