The typical owner-occupied home in Yale is worth about $82,400, 59% below the Oklahoma median of $199,800 and 75% below the national median of $332,700. Owners pay a median $788 a year in property taxes, about 0.96% of their home's value, higher than the Oklahoma rate of 0.80%. The median household earns $42,750 a year, so the median home costs 1.9 times the median income (3.1 times for Oklahoma). 52% of occupied homes here are lived in by their owners, and 26% of those owners still have a mortgage.
Yale at a glance
| Yale | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $82,400 | $199,800 | $332,700 |
| Median property tax paid per year | $788 | $1,599 | $3,119 |
| Property tax as a share of value | 0.96% | 0.80% | 0.94% |
| Median household income | $42,750 | $65,039 | $80,734 |
| Homes lived in by their owners | 52% | 66% | 65% |
| Owner homes with a mortgage | 26% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,108 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 42.5% | 19.6% | 21.0% |
| Median rent | $788 | $1,014 | $1,413 |
| Rent as a share of renters' income | 22.8% | 28.4% | 30.6% |
| Median year homes were built | 1971 | 1980 | 1980 |
| Vacant homes | 21.4% | 12.0% | 10.1% |
| Population | 998 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Yale
At this week's average 30-year rate of 7.11%, buying the median Yale home of $82,400 with 20% down costs about $544 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $681, 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 $23,301 for the 20%-down payment. That payment is 15% of the median Yale household income of $42,750; at that income and 20% down, the 28% guideline points to a home of about $151,000.
The median rent here is $788 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $16,480 |
|---|---|
| Loan amount | $65,920 |
| Principal and interest | $443 |
| Property taxes (0.96% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| PMI | $0 |
| Total per month | $544 |
Change the numbers in the calculator
| Down payment | $2,884 |
|---|---|
| Loan amount | $80,908 |
| Principal and interest | $544 |
| Property taxes (0.96% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| FHA mortgage insurance | $36 |
| Total per month | $681 |
Change the numbers in the calculator
Questions about home buying in Yale
What is the median home value in Yale?
About $82,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Yale?
Homeowners pay a median $788 a year, which is about 0.96% 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 Yale?
For the median home with 20% down at 7.11%, the payment is about $544 a month. Keeping that under 28% of gross income takes about $23,301 a year.
More about Yale
- Mortgage Refinance in Yale
- Debt Relief in Yale
- Home Equity Loans in Yale
- 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