The typical owner-occupied home in Hillsdale is worth about $65,000, 67% below the Oklahoma median of $199,800 and 80% below the national median of $332,700. Owners pay a median $600 a year in property taxes, about 0.92% of their home's value, higher than the Oklahoma rate of 0.80%. The median household earns $45,313 a year, so the median home costs 1.4 times the median income (3.1 times for Oklahoma). 68% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.
Hillsdale at a glance
| Hillsdale | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $65,000 | $199,800 | $332,700 |
| Median property tax paid per year | $600 | $1,599 | $3,119 |
| Property tax as a share of value | 0.92% | 0.80% | 0.94% |
| Median household income | $45,313 | $65,039 | $80,734 |
| Homes lived in by their owners | 68% | 66% | 65% |
| Owner homes with a mortgage | 32% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $675 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 11.3% | 19.6% | 21.0% |
| Median rent | – | $1,014 | $1,413 |
| Median year homes were built | 1938 | 1980 | 1980 |
| Vacant homes | 26.8% | 12.0% | 10.1% |
| Population | 89 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Hillsdale
At this week's average 30-year rate of 7.11%, buying the median Hillsdale home of $65,000 with 20% down costs about $427 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $535, 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 $18,288 for the 20%-down payment. That payment is 11% of the median Hillsdale household income of $45,313; at that income and 20% down, the 28% guideline points to a home of about $161,000.
| Down payment | $13,000 |
|---|---|
| Loan amount | $52,000 |
| Principal and interest | $350 |
| Property taxes (0.92% a year) | $50 |
| Homeowners insurance (our estimate, 0.5% a year) | $27 |
| PMI | $0 |
| Total per month | $427 |
Change the numbers in the calculator
| Down payment | $2,275 |
|---|---|
| Loan amount | $63,823 |
| Principal and interest | $429 |
| Property taxes (0.92% a year) | $50 |
| Homeowners insurance (our estimate, 0.5% a year) | $27 |
| FHA mortgage insurance | $29 |
| Total per month | $535 |
Change the numbers in the calculator
Questions about home buying in Hillsdale
What is the median home value in Hillsdale?
About $65,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hillsdale?
Homeowners pay a median $600 a year, which is about 0.92% 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 Hillsdale?
For the median home with 20% down at 7.11%, the payment is about $427 a month. Keeping that under 28% of gross income takes about $18,288 a year.
More about Hillsdale
- Mortgage Refinance in Hillsdale
- Debt Relief in Hillsdale
- Home Equity Loans in Hillsdale
- 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