Mortgage payment estimates, closing cost breakdowns, and homebuying data for Oklahoma City, Oklahoma.
Pre-filled with Oklahoma City median home price and Oklahoma tax/insurance rates. Adjust for your property.
Estimated closing costs based on Oklahoma rates and fees applied to Oklahoma City prices.
The median home price in Oklahoma City is $225,000, 7% above the Oklahoma state median of $210,000. With a population of 681,054, Oklahoma City is a major metro area where home prices reflect strong demand and local economic factors.
Property taxes in Oklahoma average 0.88% annually. This moderate property tax rate means a $225,000 home in Oklahoma City would carry roughly $165/month in property taxes. Homeowners insurance in Oklahoma runs approximately $3,600 per year. Insurance costs are notably high — factor this into your monthly budget.
Average rent in Oklahoma City is $1,120/month. The price-to-rent ratio in Oklahoma City is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Oklahoma City offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Oklahoma's OHFA Homebuyer DPA program.