The typical owner-occupied home in Loco is worth about $45,000, 77% below the Oklahoma median of $199,800 and 86% below the national median of $332,700. Owners pay a median $255 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 $40,313 a year, so the median home costs 1.1 times the median income (3.1 times for Oklahoma). 69% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Loco at a glance
| Loco | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $45,000 | $199,800 | $332,700 |
| Median property tax paid per year | $255 | $1,599 | $3,119 |
| Property tax as a share of value | 0.57% | 0.80% | 0.94% |
| Median household income | $40,313 | $65,039 | $80,734 |
| Homes lived in by their owners | 69% | 66% | 65% |
| Owner homes with a mortgage | 0% | 54% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,539 | $1,963 |
| Median rent | $775 | $1,014 | $1,413 |
| Rent as a share of renters' income | 32.5% | 28.4% | 30.6% |
| Median year homes were built | 1977 | 1980 | 1980 |
| Vacant homes | 31.4% | 12.0% | 10.1% |
| Population | 94 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Loco
At this week's average 30-year rate of 7.11%, buying the median Loco home of $45,000 with 20% down costs about $282 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $357, 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 $12,099 for the 20%-down payment. That payment is 8% of the median Loco household income of $40,313; at that income and 20% down, the 28% guideline points to a home of about $150,000.
The median rent here is $775 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $9,000 |
|---|---|
| Loan amount | $36,000 |
| Principal and interest | $242 |
| Property taxes (0.57% a year) | $21 |
| Homeowners insurance (our estimate, 0.5% a year) | $19 |
| PMI | $0 |
| Total per month | $282 |
Change the numbers in the calculator
| Down payment | $1,575 |
|---|---|
| Loan amount | $44,185 |
| Principal and interest | $297 |
| Property taxes (0.57% a year) | $21 |
| Homeowners insurance (our estimate, 0.5% a year) | $19 |
| FHA mortgage insurance | $20 |
| Total per month | $357 |
Change the numbers in the calculator
Questions about home buying in Loco
What is the median home value in Loco?
About $45,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Loco?
Homeowners pay a median $255 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 Loco?
For the median home with 20% down at 7.11%, the payment is about $282 a month. Keeping that under 28% of gross income takes about $12,099 a year.
More about Loco
- Mortgage Refinance in Loco
- Debt Relief in Loco
- Home Equity Loans in Loco
- 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