The typical owner-occupied home in Stephens County is worth about $145,300, 27% below the Oklahoma median of $199,800 and 56% below the national median of $332,700. Owners pay a median $990 a year in property taxes, about 0.68% of their home's value, lower than the Oklahoma rate of 0.80%. The median household earns $61,620 a year, so the median home costs 2.4 times the median income (3.1 times for Oklahoma). 74% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Stephens County at a glance
| Stephens County | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $145,300 | $199,800 | $332,700 |
| Median property tax paid per year | $990 | $1,599 | $3,119 |
| Property tax as a share of value | 0.68% | 0.80% | 0.94% |
| Median household income | $61,620 | $65,039 | $80,734 |
| Homes lived in by their owners | 74% | 66% | 65% |
| Owner homes with a mortgage | 46% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,314 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 18.6% | 19.6% | 21.0% |
| Median rent | $895 | $1,014 | $1,413 |
| Rent as a share of renters' income | 28.0% | 28.4% | 30.6% |
| Median year homes were built | 1975 | 1980 | 1980 |
| Vacant homes | 13.6% | 12.0% | 10.1% |
| Population | 43,551 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Stephens County
At this week's average 30-year rate of 7.11%, buying the median Stephens County home of $145,300 with 20% down costs about $925 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,167, 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 $39,636 for the 20%-down payment. That payment is 18% of the median Stephens County household income of $61,620; at that income and 20% down, the 28% guideline points to a home of about $226,000.
The median rent here is $895 a month, so owning the median home costs about $30 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $29,060 |
|---|---|
| Loan amount | $116,240 |
| Principal and interest | $782 |
| Property taxes (0.68% a year) | $82 |
| Homeowners insurance (our estimate, 0.5% a year) | $61 |
| PMI | $0 |
| Total per month | $925 |
Change the numbers in the calculator
| Down payment | $5,086 |
|---|---|
| Loan amount | $142,668 |
| Principal and interest | $960 |
| Property taxes (0.68% a year) | $82 |
| Homeowners insurance (our estimate, 0.5% a year) | $61 |
| FHA mortgage insurance | $64 |
| Total per month | $1,167 |
Change the numbers in the calculator
Questions about home buying in Stephens County
What is the median home value in Stephens County?
About $145,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Stephens County?
Homeowners pay a median $990 a year, which is about 0.68% 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 Stephens County?
For the median home with 20% down at 7.11%, the payment is about $925 a month. Keeping that under 28% of gross income takes about $39,636 a year.
More about Stephens County
- Mortgage Refinance in Stephens County
- Debt Relief in Stephens County
- Home Equity Loans in Stephens County
- 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