The typical owner-occupied home in Heavener is worth about $59,200, 70% below the Oklahoma median of $199,800 and 82% below the national median of $332,700. Owners pay a median $407 a year in property taxes, about 0.69% of their home's value, lower than the Oklahoma rate of 0.80%. The median household earns $34,408 a year, so the median home costs 1.7 times the median income (3.1 times for Oklahoma). 60% of occupied homes here are lived in by their owners, and 31% of those owners still have a mortgage.
Heavener at a glance
| Heavener | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $59,200 | $199,800 | $332,700 |
| Median property tax paid per year | $407 | $1,599 | $3,119 |
| Property tax as a share of value | 0.69% | 0.80% | 0.94% |
| Median household income | $34,408 | $65,039 | $80,734 |
| Homes lived in by their owners | 60% | 66% | 65% |
| Owner homes with a mortgage | 31% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $900 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 27.5% | 19.6% | 21.0% |
| Median rent | $688 | $1,014 | $1,413 |
| Rent as a share of renters' income | 25.8% | 28.4% | 30.6% |
| Median year homes were built | 1970 | 1980 | 1980 |
| Vacant homes | 18.7% | 12.0% | 10.1% |
| Population | 3,012 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Heavener
At this week's average 30-year rate of 7.11%, buying the median Heavener home of $59,200 with 20% down costs about $377 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $476, 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 $16,170 for the 20%-down payment. That payment is 13% of the median Heavener household income of $34,408; at that income and 20% down, the 28% guideline points to a home of about $126,000.
The median rent here is $688 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $11,840 |
|---|---|
| Loan amount | $47,360 |
| Principal and interest | $319 |
| Property taxes (0.69% a year) | $34 |
| Homeowners insurance (our estimate, 0.5% a year) | $25 |
| PMI | $0 |
| Total per month | $377 |
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| Down payment | $2,072 |
|---|---|
| Loan amount | $58,128 |
| Principal and interest | $391 |
| Property taxes (0.69% a year) | $34 |
| Homeowners insurance (our estimate, 0.5% a year) | $25 |
| FHA mortgage insurance | $26 |
| Total per month | $476 |
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Questions about home buying in Heavener
What is the median home value in Heavener?
About $59,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Heavener?
Homeowners pay a median $407 a year, which is about 0.69% 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 Heavener?
For the median home with 20% down at 7.11%, the payment is about $377 a month. Keeping that under 28% of gross income takes about $16,170 a year.
More about Heavener
- Mortgage Refinance in Heavener
- Debt Relief in Heavener
- Home Equity Loans in Heavener
- 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