The typical owner-occupied home in Manitou is worth about $41,600, 79% below the Oklahoma median of $199,800 and 87% below the national median of $332,700. Owners pay a median $432 a year in property taxes, about 1.04% of their home's value, higher than the Oklahoma rate of 0.80%. The median household earns $86,875 a year, so the median home costs 0.5 times the median income (3.1 times for Oklahoma). 89% of occupied homes here are lived in by their owners, and 11% of those owners still have a mortgage.
Manitou at a glance
| Manitou | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $41,600 | $199,800 | $332,700 |
| Median property tax paid per year | $432 | $1,599 | $3,119 |
| Property tax as a share of value | 1.04% | 0.80% | 0.94% |
| Median household income | $86,875 | $65,039 | $80,734 |
| Homes lived in by their owners | 89% | 66% | 65% |
| Owner homes with a mortgage | 11% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $800 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 11.7% | 19.6% | 21.0% |
| Median rent | – | $1,014 | $1,413 |
| Median year homes were built | 1948 | 1980 | 1980 |
| Vacant homes | 13.7% | 12.0% | 10.1% |
| Population | 224 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Manitou
At this week's average 30-year rate of 7.11%, buying the median Manitou home of $41,600 with 20% down costs about $277 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $347, 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 $11,883 for the 20%-down payment. That payment is 4% of the median Manitou household income of $86,875; at that income and 20% down, the 28% guideline points to a home of about $304,000.
| Down payment | $8,320 |
|---|---|
| Loan amount | $33,280 |
| Principal and interest | $224 |
| Property taxes (1.04% a year) | $36 |
| Homeowners insurance (our estimate, 0.5% a year) | $17 |
| PMI | $0 |
| Total per month | $277 |
Change the numbers in the calculator
| Down payment | $1,456 |
|---|---|
| Loan amount | $40,847 |
| Principal and interest | $275 |
| Property taxes (1.04% a year) | $36 |
| Homeowners insurance (our estimate, 0.5% a year) | $17 |
| FHA mortgage insurance | $18 |
| Total per month | $347 |
Change the numbers in the calculator
Questions about home buying in Manitou
What is the median home value in Manitou?
About $41,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Manitou?
Homeowners pay a median $432 a year, which is about 1.04% 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 Manitou?
For the median home with 20% down at 7.11%, the payment is about $277 a month. Keeping that under 28% of gross income takes about $11,883 a year.
More about Manitou
- Mortgage Refinance in Manitou
- Debt Relief in Manitou
- Home Equity Loans in Manitou
- 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