2026 data · 0.85% property tax · Median home $174,600
Oklahoma Mortgage Calculator
A median-priced home in Oklahoma ($174,600) costs roughly $1,262 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Oklahoma's effective property tax rate is 0.85% — close to the US average of about 1.0%.
Oklahoma median-home monthly payment
$1,262/mo
P&I $929 · Tax $124 · Insurance $210
@ $174,600 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Oklahoma
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $174,600 (state median) | $34,920 | $929 | $124 | $210 | $1,262 |
| $200,000 | $40,000 | $1,064 | $142 | $240 | $1,446 |
| $300,000 | $60,000 | $1,597 | $213 | $360 | $2,169 |
| $400,000 | $80,000 | $2,129 | $283 | $480 | $2,892 |
| $500,000 | $100,000 | $2,661 | $354 | $600 | $3,615 |
| $750,000 | $150,000 | $3,992 | $531 | $900 | $5,423 |
Calculations use Oklahoma's 0.85% effective property tax rate, estimated homeowners insurance at 1.44%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Oklahoma property tax
Effective rate
0.85%
Median home value
$174,600
Median property tax
$1,470/yr
Oklahoma has below-average property tax rates. Senior valuation freeze available at age 65 for residents meeting income limits. Homestead exemption of $1,000.
See our property tax calculator for a state-by-state property tax breakdown, and our Oklahoma paycheck calculator to estimate take-home pay against this monthly housing cost.
Oklahoma vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| Oklahoma (this page) | 0.85% | $174,600 | $1,470 | |
| Kansas | 1.31% | $191,800 | $2,510 | Kansas mortgage → |
| Missouri | 0.88% | $207,400 | $1,808 | Missouri mortgage → |
| Arkansas | 0.57% | $154,800 | $878 | Arkansas mortgage → |
| Texas | 1.60% | $268,200 | $4,300 | Texas mortgage → |
FAQs about Oklahoma mortgages
What is the property tax rate in Oklahoma?
Oklahoma's effective property tax rate is 0.85%, meaning the average homeowner pays roughly 0.85% of their home's value in property tax annually. On a $174,600 home (the state median), that's about $1,470 per year, or $123 per month added to your mortgage payment.
What is the average monthly mortgage payment in Oklahoma?
For a home at Oklahoma's median value of $174,600, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Oklahoma's 0.85% property tax + estimated insurance, the typical monthly PITI payment is approximately $1,262. This includes $929 principal & interest, $124 property tax, and $210 homeowners insurance.
How much income do I need to buy a house in Oklahoma?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $54,086 to comfortably afford Oklahoma's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $35,219 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Oklahoma a good state to buy a house?
Oklahoma's combination of 0.85% property tax (near the national average of ~1.0%) and median home value of $174,600 make it one of the more affordable states for homeowners. Oklahoma has below-average property tax rates.
How does Oklahoma property tax compare to neighboring states?
Oklahoma's 0.85% rate compares to: Kansas at 1.31%, Missouri at 0.88%, Arkansas at 0.57%, Texas at 1.60%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does Oklahoma have a homestead exemption?
Oklahoma has below-average property tax rates. Senior valuation freeze available at age 65 for residents meeting income limits. Homestead exemption of $1,000.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Oklahoma mortgage, the breakdown on a median-priced home would be: Principal & Interest $929, Property Tax $124, Homeowners Insurance $210. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.