The typical owner-occupied home in Red Rock is worth about $56,900, 72% below the Oklahoma median of $199,800 and 83% below the national median of $332,700. Owners pay a median $217 a year in property taxes, about 0.38% of their home's value, lower than the Oklahoma rate of 0.80%. The median household earns $42,292 a year, so the median home costs 1.3 times the median income (3.1 times for Oklahoma). 92% of occupied homes here are lived in by their owners, and 20% of those owners still have a mortgage.
Red Rock at a glance
| Red Rock | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $56,900 | $199,800 | $332,700 |
| Median property tax paid per year | $217 | $1,599 | $3,119 |
| Property tax as a share of value | 0.38% | 0.80% | 0.94% |
| Median household income | $42,292 | $65,039 | $80,734 |
| Homes lived in by their owners | 92% | 66% | 65% |
| Owner homes with a mortgage | 20% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $717 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 11.3% | 19.6% | 21.0% |
| Median rent | – | $1,014 | $1,413 |
| Median year homes were built | 1974 | 1980 | 1980 |
| Vacant homes | 20.2% | 12.0% | 10.1% |
| Population | 218 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Red Rock
At this week's average 30-year rate of 7.11%, buying the median Red Rock home of $56,900 with 20% down costs about $348 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $443, 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 $14,912 for the 20%-down payment. That payment is 10% of the median Red Rock household income of $42,292; at that income and 20% down, the 28% guideline points to a home of about $161,000.
| Down payment | $11,380 |
|---|---|
| Loan amount | $45,520 |
| Principal and interest | $306 |
| Property taxes (0.38% a year) | $18 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| PMI | $0 |
| Total per month | $348 |
Change the numbers in the calculator
| Down payment | $1,992 |
|---|---|
| Loan amount | $55,869 |
| Principal and interest | $376 |
| Property taxes (0.38% a year) | $18 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| FHA mortgage insurance | $25 |
| Total per month | $443 |
Change the numbers in the calculator
Questions about home buying in Red Rock
What is the median home value in Red Rock?
About $56,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Red Rock?
Homeowners pay a median $217 a year, which is about 0.38% 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 Red Rock?
For the median home with 20% down at 7.11%, the payment is about $348 a month. Keeping that under 28% of gross income takes about $14,912 a year.
More about Red Rock
- Mortgage Refinance in Red Rock
- Debt Relief in Red Rock
- Home Equity Loans in Red Rock
- 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