The typical owner-occupied home in Terlton is worth about $81,700, 59% below the Oklahoma median of $199,800 and 75% below the national median of $332,700. Owners pay a median $467 a year in property taxes, about 0.57% of their home's value, lower than the Oklahoma rate of 0.80%. The median household earns $40,000 a year, so the median home costs 2.0 times the median income (3.1 times for Oklahoma). 92% of occupied homes here are lived in by their owners, and 8% of those owners still have a mortgage.
Terlton at a glance
| Terlton | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $81,700 | $199,800 | $332,700 |
| Median property tax paid per year | $467 | $1,599 | $3,119 |
| Property tax as a share of value | 0.57% | 0.80% | 0.94% |
| Median household income | $40,000 | $65,039 | $80,734 |
| Homes lived in by their owners | 92% | 66% | 65% |
| Owner homes with a mortgage | 8% | 54% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,539 | $1,963 |
| Median rent | – | $1,014 | $1,413 |
| Median year homes were built | 1986 | 1980 | 1980 |
| Vacant homes | 27.8% | 12.0% | 10.1% |
| Population | 78 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Terlton
At this week's average 30-year rate of 7.11%, buying the median Terlton home of $81,700 with 20% down costs about $513 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $649, 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 $21,966 for the 20%-down payment. That payment is 15% of the median Terlton household income of $40,000; at that income and 20% down, the 28% guideline points to a home of about $149,000.
| Down payment | $16,340 |
|---|---|
| Loan amount | $65,360 |
| Principal and interest | $440 |
| Property taxes (0.57% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| PMI | $0 |
| Total per month | $513 |
Change the numbers in the calculator
| Down payment | $2,860 |
|---|---|
| Loan amount | $80,220 |
| Principal and interest | $540 |
| Property taxes (0.57% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| FHA mortgage insurance | $36 |
| Total per month | $649 |
Change the numbers in the calculator
Questions about home buying in Terlton
What is the median home value in Terlton?
About $81,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Terlton?
Homeowners pay a median $467 a year, which is about 0.57% 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 Terlton?
For the median home with 20% down at 7.11%, the payment is about $513 a month. Keeping that under 28% of gross income takes about $21,966 a year.
More about Terlton
- Mortgage Refinance in Terlton
- Debt Relief in Terlton
- Home Equity Loans in Terlton
- 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