The typical owner-occupied home in Wetumka is worth about $76,000, 62% below the Oklahoma median of $199,800 and 77% below the national median of $332,700. Owners pay a median $431 a year in property taxes, about 0.57% of their home's value, lower than the Oklahoma rate of 0.80%. The median household earns $27,058 a year, so the median home costs 2.8 times the median income (3.1 times for Oklahoma). 67% of occupied homes here are lived in by their owners, and 12% of those owners still have a mortgage.
Wetumka at a glance
| Wetumka | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $76,000 | $199,800 | $332,700 |
| Median property tax paid per year | $431 | $1,599 | $3,119 |
| Property tax as a share of value | 0.57% | 0.80% | 0.94% |
| Median household income | $27,058 | $65,039 | $80,734 |
| Homes lived in by their owners | 67% | 66% | 65% |
| Owner homes with a mortgage | 12% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $973 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 26.4% | 19.6% | 21.0% |
| Median rent | $570 | $1,014 | $1,413 |
| Rent as a share of renters' income | 33.6% | 28.4% | 30.6% |
| Median year homes were built | 1961 | 1980 | 1980 |
| Vacant homes | 28.4% | 12.0% | 10.1% |
| Population | 1,234 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Wetumka
At this week's average 30-year rate of 7.11%, buying the median Wetumka home of $76,000 with 20% down costs about $477 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $603, 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 $20,433 for the 20%-down payment. That payment is 21% of the median Wetumka household income of $27,058; at that income and 20% down, the 28% guideline points to a home of about $101,000.
The median rent here is $570 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $15,200 |
|---|---|
| Loan amount | $60,800 |
| Principal and interest | $409 |
| Property taxes (0.57% a year) | $36 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| PMI | $0 |
| Total per month | $477 |
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| Down payment | $2,660 |
|---|---|
| Loan amount | $74,623 |
| Principal and interest | $502 |
| Property taxes (0.57% a year) | $36 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| FHA mortgage insurance | $34 |
| Total per month | $603 |
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Questions about home buying in Wetumka
What is the median home value in Wetumka?
About $76,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Wetumka?
Homeowners pay a median $431 a year, which is about 0.57% 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 Wetumka?
For the median home with 20% down at 7.11%, the payment is about $477 a month. Keeping that under 28% of gross income takes about $20,433 a year.
More about Wetumka
- Mortgage Refinance in Wetumka
- Debt Relief in Wetumka
- Home Equity Loans in Wetumka
- 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