The typical owner-occupied home in Sand Springs is worth about $197,700, about the same as the Oklahoma median of $199,800 and 41% below the national median of $332,700. Owners pay a median $1,895 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 $75,645 a year, so the median home costs 2.6 times the median income (3.1 times for Oklahoma). 71% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Sand Springs at a glance
| Sand Springs | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $197,700 | $199,800 | $332,700 |
| Median property tax paid per year | $1,895 | $1,599 | $3,119 |
| Property tax as a share of value | 0.96% | 0.80% | 0.94% |
| Median household income | $75,645 | $65,039 | $80,734 |
| Homes lived in by their owners | 71% | 66% | 65% |
| Owner homes with a mortgage | 67% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,558 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 19.1% | 19.6% | 21.0% |
| Median rent | $1,002 | $1,014 | $1,413 |
| Rent as a share of renters' income | 26.3% | 28.4% | 30.6% |
| Median year homes were built | 1981 | 1980 | 1980 |
| Vacant homes | 6.4% | 12.0% | 10.1% |
| Population | 20,117 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Sand Springs
At this week's average 30-year rate of 7.11%, buying the median Sand Springs home of $197,700 with 20% down costs about $1,304 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,634, 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 $55,907 for the 20%-down payment. That payment is 21% of the median Sand Springs household income of $75,645; at that income and 20% down, the 28% guideline points to a home of about $268,000.
The median rent here is $1,002 a month, so owning the median home costs about $302 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $39,540 |
|---|---|
| Loan amount | $158,160 |
| Principal and interest | $1,064 |
| Property taxes (0.96% a year) | $158 |
| Homeowners insurance (our estimate, 0.5% a year) | $82 |
| PMI | $0 |
| Total per month | $1,304 |
Change the numbers in the calculator
| Down payment | $6,920 |
|---|---|
| Loan amount | $194,119 |
| Principal and interest | $1,306 |
| Property taxes (0.96% a year) | $158 |
| Homeowners insurance (our estimate, 0.5% a year) | $82 |
| FHA mortgage insurance | $87 |
| Total per month | $1,634 |
Change the numbers in the calculator
Questions about home buying in Sand Springs
What is the median home value in Sand Springs?
About $197,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sand Springs?
Homeowners pay a median $1,895 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 Sand Springs?
For the median home with 20% down at 7.11%, the payment is about $1,304 a month. Keeping that under 28% of gross income takes about $55,907 a year.
More about Sand Springs
- Mortgage Refinance in Sand Springs
- Debt Relief in Sand Springs
- Home Equity Loans in Sand Springs
- 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