The typical owner-occupied home in Oologah is worth about $191,700, 4% below the Oklahoma median of $199,800 and 42% below the national median of $332,700. Owners pay a median $1,341 a year in property taxes, about 0.70% of their home's value, lower than the Oklahoma rate of 0.80%. The median household earns $79,886 a year, so the median home costs 2.4 times the median income (3.1 times for Oklahoma). 67% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Oologah at a glance
| Oologah | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $191,700 | $199,800 | $332,700 |
| Median property tax paid per year | $1,341 | $1,599 | $3,119 |
| Property tax as a share of value | 0.70% | 0.80% | 0.94% |
| Median household income | $79,886 | $65,039 | $80,734 |
| Homes lived in by their owners | 67% | 66% | 65% |
| Owner homes with a mortgage | 64% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,248 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 18.1% | 19.6% | 21.0% |
| Median rent | $1,096 | $1,014 | $1,413 |
| Rent as a share of renters' income | 26.1% | 28.4% | 30.6% |
| Median year homes were built | 1991 | 1980 | 1980 |
| Vacant homes | 5.2% | 12.0% | 10.1% |
| Population | 1,774 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Oologah
At this week's average 30-year rate of 7.11%, buying the median Oologah home of $191,700 with 20% down costs about $1,223 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,543, 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 $52,430 for the 20%-down payment. That payment is 18% of the median Oologah household income of $79,886; at that income and 20% down, the 28% guideline points to a home of about $292,000.
The median rent here is $1,096 a month, so owning the median home costs about $127 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $38,340 |
|---|---|
| Loan amount | $153,360 |
| Principal and interest | $1,032 |
| Property taxes (0.70% a year) | $112 |
| Homeowners insurance (our estimate, 0.5% a year) | $80 |
| PMI | $0 |
| Total per month | $1,223 |
Change the numbers in the calculator
| Down payment | $6,710 |
|---|---|
| Loan amount | $188,228 |
| Principal and interest | $1,266 |
| Property taxes (0.70% a year) | $112 |
| Homeowners insurance (our estimate, 0.5% a year) | $80 |
| FHA mortgage insurance | $85 |
| Total per month | $1,543 |
Change the numbers in the calculator
Questions about home buying in Oologah
What is the median home value in Oologah?
About $191,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Oologah?
Homeowners pay a median $1,341 a year, which is about 0.70% 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 Oologah?
For the median home with 20% down at 7.11%, the payment is about $1,223 a month. Keeping that under 28% of gross income takes about $52,430 a year.
More about Oologah
- Mortgage Refinance in Oologah
- Debt Relief in Oologah
- Home Equity Loans in Oologah
- 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