The typical owner-occupied home in Hobart is worth about $71,100, 64% below the Oklahoma median of $199,800 and 79% below the national median of $332,700. Owners pay a median $440 a year in property taxes, about 0.62% of their home's value, lower than the Oklahoma rate of 0.80%. The median household earns $33,051 a year, so the median home costs 2.2 times the median income (3.1 times for Oklahoma). 61% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.
Hobart at a glance
| Hobart | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $71,100 | $199,800 | $332,700 |
| Median property tax paid per year | $440 | $1,599 | $3,119 |
| Property tax as a share of value | 0.62% | 0.80% | 0.94% |
| Median household income | $33,051 | $65,039 | $80,734 |
| Homes lived in by their owners | 61% | 66% | 65% |
| Owner homes with a mortgage | 32% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,082 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 16.3% | 19.6% | 21.0% |
| Median rent | $848 | $1,014 | $1,413 |
| Rent as a share of renters' income | 43.2% | 28.4% | 30.6% |
| Median year homes were built | 1955 | 1980 | 1980 |
| Vacant homes | 22.5% | 12.0% | 10.1% |
| Population | 3,358 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Hobart
At this week's average 30-year rate of 7.11%, buying the median Hobart home of $71,100 with 20% down costs about $449 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $567, 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 $19,243 for the 20%-down payment. That payment is 16% of the median Hobart household income of $33,051; at that income and 20% down, the 28% guideline points to a home of about $122,000.
The median rent here is $848 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $14,220 |
|---|---|
| Loan amount | $56,880 |
| Principal and interest | $383 |
| Property taxes (0.62% a year) | $37 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| PMI | $0 |
| Total per month | $449 |
Change the numbers in the calculator
| Down payment | $2,488 |
|---|---|
| Loan amount | $69,812 |
| Principal and interest | $470 |
| Property taxes (0.62% a year) | $37 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| FHA mortgage insurance | $31 |
| Total per month | $567 |
Change the numbers in the calculator
Questions about home buying in Hobart
What is the median home value in Hobart?
About $71,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hobart?
Homeowners pay a median $440 a year, which is about 0.62% 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 Hobart?
For the median home with 20% down at 7.11%, the payment is about $449 a month. Keeping that under 28% of gross income takes about $19,243 a year.
More about Hobart
- Mortgage Refinance in Hobart
- Debt Relief in Hobart
- Home Equity Loans in Hobart
- 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