The typical owner-occupied home in Chouteau is worth about $190,100, 5% below the Oklahoma median of $199,800 and 43% below the national median of $332,700. Owners pay a median $1,232 a year in property taxes, about 0.65% of their home's value, lower than the Oklahoma rate of 0.80%. The median household earns $60,208 a year, so the median home costs 3.2 times the median income (3.1 times for Oklahoma). 80% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Chouteau at a glance
| Chouteau | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $190,100 | $199,800 | $332,700 |
| Median property tax paid per year | $1,232 | $1,599 | $3,119 |
| Property tax as a share of value | 0.65% | 0.80% | 0.94% |
| Median household income | $60,208 | $65,039 | $80,734 |
| Homes lived in by their owners | 80% | 66% | 65% |
| Owner homes with a mortgage | 54% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,399 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 19.0% | 19.6% | 21.0% |
| Median rent | $697 | $1,014 | $1,413 |
| Rent as a share of renters' income | 23.9% | 28.4% | 30.6% |
| Median year homes were built | 1977 | 1980 | 1980 |
| Vacant homes | 12.9% | 12.0% | 10.1% |
| Population | 2,129 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Chouteau
At this week's average 30-year rate of 7.11%, buying the median Chouteau home of $190,100 with 20% down costs about $1,205 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,522, 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 $51,653 for the 20%-down payment. That payment is 24% of the median Chouteau household income of $60,208; at that income and 20% down, the 28% guideline points to a home of about $222,000.
The median rent here is $697 a month, so owning the median home costs about $508 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $38,020 |
|---|---|
| Loan amount | $152,080 |
| Principal and interest | $1,023 |
| Property taxes (0.65% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $79 |
| PMI | $0 |
| Total per month | $1,205 |
Change the numbers in the calculator
| Down payment | $6,654 |
|---|---|
| Loan amount | $186,657 |
| Principal and interest | $1,256 |
| Property taxes (0.65% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $79 |
| FHA mortgage insurance | $84 |
| Total per month | $1,522 |
Change the numbers in the calculator
Questions about home buying in Chouteau
What is the median home value in Chouteau?
About $190,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Chouteau?
Homeowners pay a median $1,232 a year, which is about 0.65% 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 Chouteau?
For the median home with 20% down at 7.11%, the payment is about $1,205 a month. Keeping that under 28% of gross income takes about $51,653 a year.
More about Chouteau
- Mortgage Refinance in Chouteau
- Debt Relief in Chouteau
- Home Equity Loans in Chouteau
- 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