The typical owner-occupied home in Hallett is worth about $67,500, 66% below the Oklahoma median of $199,800 and 80% below the national median of $332,700. The median household earns $36,458 a year, so the median home costs 1.9 times the median income (3.1 times for Oklahoma). 88% of occupied homes here are lived in by their owners, and 4% of those owners still have a mortgage.
Hallett at a glance
| Hallett | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $67,500 | $199,800 | $332,700 |
| Median property tax paid per year | – | $1,599 | $3,119 |
| Median household income | $36,458 | $65,039 | $80,734 |
| Homes lived in by their owners | 88% | 66% | 65% |
| Owner homes with a mortgage | 4% | 54% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,539 | $1,963 |
| Median rent | $1,083 | $1,014 | $1,413 |
| Rent as a share of renters' income | 26.7% | 28.4% | 30.6% |
| Median year homes were built | 1977 | 1980 | 1980 |
| Vacant homes | 25.0% | 12.0% | 10.1% |
| Population | 132 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Hallett
At this week's average 30-year rate of 7.11%, buying the median Hallett home of $67,500 with 20% down costs about $453 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $566, 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 $19,425 for the 20%-down payment. That payment is 15% of the median Hallett household income of $36,458; at that income and 20% down, the 28% guideline points to a home of about $127,000.
The median rent here is $1,083 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $13,500 |
|---|---|
| Loan amount | $54,000 |
| Principal and interest | $363 |
| Property taxes (1.10% a year) | $62 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| PMI | $0 |
| Total per month | $453 |
Change the numbers in the calculator
| Down payment | $2,362 |
|---|---|
| Loan amount | $66,277 |
| Principal and interest | $446 |
| Property taxes (1.10% a year) | $62 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| FHA mortgage insurance | $30 |
| Total per month | $566 |
Change the numbers in the calculator
Questions about home buying in Hallett
What is the median home value in Hallett?
About $67,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Hallett?
For the median home with 20% down at 7.11%, the payment is about $453 a month. Keeping that under 28% of gross income takes about $19,425 a year.
More about Hallett
- Mortgage Refinance in Hallett
- Debt Relief in Hallett
- Home Equity Loans in Hallett
- 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