The typical owner-occupied home in Elmer is worth about $104,200, 48% below the Oklahoma median of $199,800 and 69% below the national median of $332,700. Owners pay a median $833 a year in property taxes, about 0.80% of their home's value, close to the Oklahoma rate of 0.80%. 93% of occupied homes here are lived in by their owners, and 31% of those owners still have a mortgage.
Elmer at a glance
| Elmer | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $104,200 | $199,800 | $332,700 |
| Median property tax paid per year | $833 | $1,599 | $3,119 |
| Property tax as a share of value | 0.80% | 0.80% | 0.94% |
| Median household income | – | $65,039 | $80,734 |
| Homes lived in by their owners | 93% | 66% | 65% |
| Owner homes with a mortgage | 31% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,250 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 13.3% | 19.6% | 21.0% |
| Median rent | – | $1,014 | $1,413 |
| Median year homes were built | 1978 | 1980 | 1980 |
| Vacant homes | 20.0% | 12.0% | 10.1% |
| Population | 59 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Elmer
At this week's average 30-year rate of 7.11%, buying the median Elmer home of $104,200 with 20% down costs about $674 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $847, 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 $28,871 for the 20%-down payment.
| Down payment | $20,840 |
|---|---|
| Loan amount | $83,360 |
| Principal and interest | $561 |
| Property taxes (0.80% a year) | $69 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| PMI | $0 |
| Total per month | $674 |
Change the numbers in the calculator
| Down payment | $3,647 |
|---|---|
| Loan amount | $102,313 |
| Principal and interest | $688 |
| Property taxes (0.80% a year) | $69 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| FHA mortgage insurance | $46 |
| Total per month | $847 |
Change the numbers in the calculator
Questions about home buying in Elmer
What is the median home value in Elmer?
About $104,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Elmer?
Homeowners pay a median $833 a year, which is about 0.80% 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 Elmer?
For the median home with 20% down at 7.11%, the payment is about $674 a month. Keeping that under 28% of gross income takes about $28,871 a year.
More about Elmer
- Mortgage Refinance in Elmer
- Debt Relief in Elmer
- Home Equity Loans in Elmer
- 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