CALCMONEY // HOME AFFORDABILITY // OK
Find out how much home you can afford in Oklahoma using local median home prices, current mortgage rates, and OK-specific property tax data.
Open Full Calculator$223,612
$1,402/mo
$250,875
$60,079/yr
| Median Home Price | $223,612 |
| Down Payment (20%) | $44,722 |
| Loan Amount | $178,890 |
| Monthly PI Payment | $1,161 |
| Monthly Property Tax | $147 |
| Monthly Insurance Est. | $93 |
| Total Monthly PITI | $1,402 |
| Required Gross Income (28% rule) | $60,079/yr |
| Max Affordable Price (28% rule) | $250,875 |
$7,826
$1,794/mo
Oklahoma Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $223,612 | State median |
| Down Payment (20%) | $44,722 | Conventional |
| Monthly PITI (median home) | $1,402 | 6.76% rate |
| Required Income (28% rule) | $60,079 | Annual gross |
| Max Affordable Home | $250,875 | Based on median income |
| FHA Down Payment (3.5%) | $7,826 | Minimum FHA |
Monthly PITI includes principal, interest, property tax, and homeowners insurance.
The median home price in Oklahoma is $223,612, with a current 30-year fixed mortgage rate of 6.76%. A buyer putting 20% down on the median home would carry a loan of $178,890, resulting in a monthly principal and interest payment of $1,161. Once property taxes and insurance are added, total monthly housing costs reach $1,402.
Property taxes in Oklahoma average 0.79%, near the national average of 1.1%. On the median Oklahoma home, property taxes add $147/month to total housing costs.
Oklahoma levies a state income tax of 2.5%–4.5%, which affects take-home pay and therefore what you can realistically budget for housing. Mortgage interest may be deductible on both federal and Oklahoma state returns — consult a tax professional for your situation.
Using the 28% rule, a household earning Oklahoma's median income of $66,148/year can afford up to $1,543/month in total housing costs (principal, interest, taxes, and insurance). Based on Oklahoma's current mortgage rate of 6.76% and property tax rate of 0.79%, that translates to a maximum affordable home price of approximately $250,875 with 20% down on a 30-year loan.
To comfortably afford the median Oklahoma home priced at $223,612, you need an annual gross income of approximately $60,079. This is based on the standard 28% rule: your total monthly housing costs (principal and interest of $1,161, property taxes of $147, and insurance of $93) come to $1,402/month, which should not exceed 28% of your gross monthly income.
Oklahoma's average property tax rate is 0.79%, which is near the national average of 1.1%. On the median Oklahoma home of $223,612, that means annual property taxes of $1,767, or $147/month. Because lenders include property taxes in your debt-to-income calculation, Oklahoma's property taxes have a relatively modest impact on overall affordability.
The minimum down payment depends on your loan type. For an FHA loan, you can put down as little as 3.5% — on the median Oklahoma home of $223,612, that is $7,826. Conventional loans typically require 5% down, though some programs allow 3%. Putting down 20% ($44,722 on the median Oklahoma home) lets you avoid private mortgage insurance (PMI), which can add 0.5%–1% to your annual loan cost. There are no Oklahoma-specific minimum down payment requirements beyond federal guidelines.