The typical owner-occupied home in Gotebo is worth about $116,300, 42% below the Oklahoma median of $199,800 and 65% below the national median of $332,700. The median household earns $95,625 a year, so the median home costs 1.2 times the median income (3.1 times for Oklahoma). 72% of occupied homes here are lived in by their owners, and 15% of those owners still have a mortgage.
Gotebo at a glance
| Gotebo | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $116,300 | $199,800 | $332,700 |
| Median property tax paid per year | – | $1,599 | $3,119 |
| Median household income | $95,625 | $65,039 | $80,734 |
| Homes lived in by their owners | 72% | 66% | 65% |
| Owner homes with a mortgage | 15% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $950 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 14.2% | 19.6% | 21.0% |
| Median rent | $725 | $1,014 | $1,413 |
| Rent as a share of renters' income | 26.9% | 28.4% | 30.6% |
| Median year homes were built | 1938 | 1980 | 1980 |
| Vacant homes | 24.7% | 12.0% | 10.1% |
| Population | 262 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Gotebo
At this week's average 30-year rate of 7.11%, buying the median Gotebo home of $116,300 with 20% down costs about $781 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $975, 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 $33,470 for the 20%-down payment. That payment is 10% of the median Gotebo household income of $95,625; at that income and 20% down, the 28% guideline points to a home of about $332,000.
The median rent here is $725 a month, so owning the median home costs about $56 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $23,260 |
|---|---|
| Loan amount | $93,040 |
| Principal and interest | $626 |
| Property taxes (1.10% a year) | $107 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| PMI | $0 |
| Total per month | $781 |
Change the numbers in the calculator
| Down payment | $4,070 |
|---|---|
| Loan amount | $114,194 |
| Principal and interest | $768 |
| Property taxes (1.10% a year) | $107 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| FHA mortgage insurance | $51 |
| Total per month | $975 |
Change the numbers in the calculator
Questions about home buying in Gotebo
What is the median home value in Gotebo?
About $116,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Gotebo?
For the median home with 20% down at 7.11%, the payment is about $781 a month. Keeping that under 28% of gross income takes about $33,470 a year.
More about Gotebo
- Mortgage Refinance in Gotebo
- Debt Relief in Gotebo
- Home Equity Loans in Gotebo
- 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