The typical owner-occupied home in Major County is worth about $149,600, 25% below the Oklahoma median of $199,800 and 55% below the national median of $332,700. Owners pay a median $940 a year in property taxes, about 0.63% of their home's value, lower than the Oklahoma rate of 0.80%. The median household earns $71,266 a year, so the median home costs 2.1 times the median income (3.1 times for Oklahoma). 82% of occupied homes here are lived in by their owners, and 36% of those owners still have a mortgage.
Major County at a glance
| Major County | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $149,600 | $199,800 | $332,700 |
| Median property tax paid per year | $940 | $1,599 | $3,119 |
| Property tax as a share of value | 0.63% | 0.80% | 0.94% |
| Median household income | $71,266 | $65,039 | $80,734 |
| Homes lived in by their owners | 82% | 66% | 65% |
| Owner homes with a mortgage | 36% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,397 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 17.3% | 19.6% | 21.0% |
| Median rent | $696 | $1,014 | $1,413 |
| Rent as a share of renters' income | 27.0% | 28.4% | 30.6% |
| Median year homes were built | 1976 | 1980 | 1980 |
| Vacant homes | 14.4% | 12.0% | 10.1% |
| Population | 7,628 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Major County
At this week's average 30-year rate of 7.11%, buying the median Major County home of $149,600 with 20% down costs about $946 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,195, 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 $40,542 for the 20%-down payment. That payment is 16% of the median Major County household income of $71,266; at that income and 20% down, the 28% guideline points to a home of about $263,000.
The median rent here is $696 a month, so owning the median home costs about $250 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $29,920 |
|---|---|
| Loan amount | $119,680 |
| Principal and interest | $805 |
| Property taxes (0.63% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| PMI | $0 |
| Total per month | $946 |
Change the numbers in the calculator
| Down payment | $5,236 |
|---|---|
| Loan amount | $146,890 |
| Principal and interest | $988 |
| Property taxes (0.63% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| FHA mortgage insurance | $66 |
| Total per month | $1,195 |
Change the numbers in the calculator
Questions about home buying in Major County
What is the median home value in Major County?
About $149,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Major County?
Homeowners pay a median $940 a year, which is about 0.63% 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 Major County?
For the median home with 20% down at 7.11%, the payment is about $946 a month. Keeping that under 28% of gross income takes about $40,542 a year.
More about Major County
- Mortgage Refinance in Major County
- Debt Relief in Major County
- Home Equity Loans in Major County
- 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