The typical owner-occupied home in Loyal is worth about $86,000, 57% below the Oklahoma median of $199,800 and 74% below the national median of $332,700. Owners pay a median $625 a year in property taxes, about 0.73% of their home's value, lower than the Oklahoma rate of 0.80%. 50% of occupied homes here are lived in by their owners, and 21% of those owners still have a mortgage.
Loyal at a glance
| Loyal | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $86,000 | $199,800 | $332,700 |
| Median property tax paid per year | $625 | $1,599 | $3,119 |
| Property tax as a share of value | 0.73% | 0.80% | 0.94% |
| Median household income | – | $65,039 | $80,734 |
| Homes lived in by their owners | 50% | 66% | 65% |
| Owner homes with a mortgage | 21% | 54% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,539 | $1,963 |
| Median rent | $800 | $1,014 | $1,413 |
| Rent as a share of renters' income | 10.0% | 28.4% | 30.6% |
| Median year homes were built | 1982 | 1980 | 1980 |
| Vacant homes | 6.7% | 12.0% | 10.1% |
| Population | 95 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Loyal
At this week's average 30-year rate of 7.11%, buying the median Loyal home of $86,000 with 20% down costs about $551 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $694, 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 $23,613 for the 20%-down payment.
The median rent here is $800 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,200 |
|---|---|
| Loan amount | $68,800 |
| Principal and interest | $463 |
| Property taxes (0.73% a year) | $52 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $551 |
Change the numbers in the calculator
| Down payment | $3,010 |
|---|---|
| Loan amount | $84,442 |
| Principal and interest | $568 |
| Property taxes (0.73% a year) | $52 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $694 |
Change the numbers in the calculator
Questions about home buying in Loyal
What is the median home value in Loyal?
About $86,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Loyal?
Homeowners pay a median $625 a year, which is about 0.73% 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 Loyal?
For the median home with 20% down at 7.11%, the payment is about $551 a month. Keeping that under 28% of gross income takes about $23,613 a year.
More about Loyal
- Mortgage Refinance in Loyal
- Debt Relief in Loyal
- Home Equity Loans in Loyal
- 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