Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Alabama and Oklahoma. Updated for 2026.
Metric
Alabama
Oklahoma
Median Home Price
$230K
$210K
Property Tax Rate
0.41%
0.88%
Avg Closing Costs
$3K
$3K
Closing Cost %
1.4%
1.3%
Transfer Tax
None
0.075%
Homeowners Insurance
$1,950/yr
$3,600/yr
First-Time Buyer Program
Alabama Housing Finance Authority Step Up
Up to $10,000 DPA
OHFA Homebuyer DPA
Up to 3.5% DPA
Verdict
Alabama and Oklahoma are evenly matched across major housing cost categories. Your decision may come down to other factors like job market, climate, or lifestyle preferences. Use the calculators below to model your specific scenario.