The typical owner-occupied home in Martha is worth about $107,100, 46% below the Oklahoma median of $199,800 and 68% below the national median of $332,700. Owners pay a median $500 a year in property taxes, about 0.47% of their home's value, lower than the Oklahoma rate of 0.80%. The median household earns $64,375 a year, so the median home costs 1.7 times the median income (3.1 times for Oklahoma). 69% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
Martha at a glance
| Martha | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $107,100 | $199,800 | $332,700 |
| Median property tax paid per year | $500 | $1,599 | $3,119 |
| Property tax as a share of value | 0.47% | 0.80% | 0.94% |
| Median household income | $64,375 | $65,039 | $80,734 |
| Homes lived in by their owners | 69% | 66% | 65% |
| Owner homes with a mortgage | 41% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $850 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 14.3% | 19.6% | 21.0% |
| Median rent | $625 | $1,014 | $1,413 |
| Rent as a share of renters' income | 12.5% | 28.4% | 30.6% |
| Median year homes were built | 1970 | 1980 | 1980 |
| Vacant homes | 34.7% | 12.0% | 10.1% |
| Population | 134 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Martha
At this week's average 30-year rate of 7.11%, buying the median Martha home of $107,100 with 20% down costs about $663 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $841, 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 $28,412 for the 20%-down payment. That payment is 12% of the median Martha household income of $64,375; at that income and 20% down, the 28% guideline points to a home of about $243,000.
The median rent here is $625 a month, so owning the median home costs about $38 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $21,420 |
|---|---|
| Loan amount | $85,680 |
| Principal and interest | $576 |
| Property taxes (0.47% a year) | $42 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| PMI | $0 |
| Total per month | $663 |
Change the numbers in the calculator
| Down payment | $3,748 |
|---|---|
| Loan amount | $105,160 |
| Principal and interest | $707 |
| Property taxes (0.47% a year) | $42 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| FHA mortgage insurance | $47 |
| Total per month | $841 |
Change the numbers in the calculator
Questions about home buying in Martha
What is the median home value in Martha?
About $107,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Martha?
Homeowners pay a median $500 a year, which is about 0.47% 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 Martha?
For the median home with 20% down at 7.11%, the payment is about $663 a month. Keeping that under 28% of gross income takes about $28,412 a year.
More about Martha
- Mortgage Refinance in Martha
- Debt Relief in Martha
- Home Equity Loans in Martha
- 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