Mortgage payment estimates, closing cost breakdowns, and homebuying data for Edmond, Oklahoma.
Median Home Price
$315K
Population
99K
Avg Monthly Rent
$1,350
Property Tax Rate
0.88% *
* Property tax shown is the Oklahoma state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Edmond.
Edmond vs Oklahoma Median
The median home price in Edmond is $315,000, which is 50% above the Oklahoma state median of $210,000.
Mortgage Calculator — Edmond, OK
Pre-filled with Edmond median home price and Oklahoma tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $315K home using Oklahoma's 0.88% tax rate and $3,600/yr insurance.
5% Down
$2,597/mo
Down: $15,750
Loan: $299K
P&I: $1,891
Tax: $231
Insurance: $300
PMI: $175
10% Down
$2,488/mo
Down: $31,500
Loan: $284K
P&I: $1,792
Tax: $231
Insurance: $300
PMI: $165
20% Down (No PMI)
$2,124/mo
Down: $63,000
Loan: $252K
P&I: $1,593
Tax: $231
Insurance: $300
Income needed (28% rule): $91K/year with 20% down, $107K/year with 10% down.
Rent vs Buy in Edmond
Rent
$1,350/mo
vs
Buy (10% down)
$2,488/mo
Price-to-rent ratio: 19.4 — A ratio between 15-20 means the rent vs buy decision in Edmond depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Edmond is $315,000, 50% above the Oklahoma state median of $210,000. With a population of 99,350, Edmond is a smaller market 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 $315,000 home in Edmond would carry roughly $231/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 Edmond is $1,350/month. The price-to-rent ratio in Edmond is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Edmond presents moderate affordability. The $315K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Edmond.