Rent vs Buy in Oklahoma City, OK
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Buying looks favorable in Oklahoma City, OK
Price-to-rent ratio is 13.5 (under 15 favors buying, over 21 favors renting). Renting costs $1,264/mo; owning runs about $1,555/mo — $291/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 7.18% rate) | $1,111 |
| Property tax | $188 |
| Home insurance | $85 |
| Maintenance | $171 |
| Total to own | $1,555 |
| Average 2BR rent | $1,264 |
Based on a median home value of $204,979 with a $40,996 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.