CALCMONEY // HOME AFFORDABILITY // OK // BROKEN ARROW
How much house can you afford in Broken Arrow? Based on local median home prices, current OK mortgage rates, and Broken Arrow property tax data.
$262,000
$1,716/mo
$73,533/yr
$281,985
Monthly housing costs of $1,716 represent 26.4% of Broken Arrow's median gross monthly income ($6,500/mo). At 26.4%, Broken Arrow falls within the standard 28% affordability threshold at current median income levels.
| Median Home Price | $262,000 |
| Down Payment (20%) | $52,400 |
| Loan Amount | $209,600 |
| Monthly PI Payment | $1,366 |
| Monthly Property Tax | $240 |
| Monthly Insurance Est. | $109 |
| Total Monthly PITI | $1,716 |
| Housing Cost % of Income | 26.4% |
| Required Income (28% rule) | $73,533/yr |
| Max Affordable Home | $281,985 |
$9,170
$2,177/mo
Broken Arrow Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $262,000 | Broken Arrow city median |
| Down Payment (20%) | $52,400 | Conventional loan |
| Monthly PITI | $1,716 | 6.8% rate, 30yr fixed |
| Required Income (28% rule) | $73,533 | Annual gross |
| Max Affordable Home | $281,985 | Based on median income |
| FHA Down (3.5%) | $9,170 | Minimum FHA |
| Housing Cost % of Income | 26.4% | Median income: $78,000/yr |
| Property Tax Rate | 1.1% | $2,882/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Broken Arrow is $262,000, with a local 30-year mortgage rate of 6.8%. A buyer putting 20% down carries a loan of $209,600, generating a monthly P&I payment of $1,366. Adding property taxes ($240/mo) and homeowners insurance ($109/mo) brings total monthly PITI to $1,716.
Broken Arrow's property tax rate of 1.1% is near the national average, adding a standard increment to monthly housing costs. On the Broken Arrow median home, that is $240/month, or $2,882 per year.
Oklahoma levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Broken Arrow should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Broken Arrow's median income of $78,000/year can afford up to $1,820/month in total housing costs. Based on Broken Arrow's mortgage rate of 6.8% and property tax rate of 1.1%, that translates to a maximum affordable home price of approximately $281,985 with 20% down on a 30-year loan.
To afford the median Broken Arrow home priced at $262,000, you need an annual gross income of approximately $73,533. Total monthly housing costs (principal and interest of $1,366, property taxes of $240, and insurance of $109) come to $1,716/month, which equals 28% of the required income.
At the median home price of $262,000 and median household income of $78,000, the total monthly housing cost of $1,716 represents 26.4% of gross monthly income. This is within the standard 28% guideline, making Broken Arrow relatively accessible at current income levels.
A conventional 20% down payment on the median Broken Arrow home of $262,000 is $52,400. An FHA loan requires just 3.5% down — $9,170 — but adds mortgage insurance of roughly $179/month, bringing total FHA payments to $2,177/month.