Mortgage payment estimates, closing cost breakdowns, and homebuying data for Broken Arrow, Oklahoma.
Pre-filled with Broken Arrow median home price and Oklahoma tax/insurance rates. Adjust for your property.
Estimated closing costs based on Oklahoma rates and fees applied to Broken Arrow prices.
The median home price in Broken Arrow is $275,000, 31% above the Oklahoma state median of $210,000. With a population of 113,540, Broken Arrow is a mid-size city 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 $275,000 home in Broken Arrow would carry roughly $202/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 Broken Arrow is $1,220/month. The price-to-rent ratio in Broken Arrow is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Broken Arrow presents moderate affordability. The $275K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.