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Arkoma

Learn about the people, housing, costs and businesses in Arkoma, Oklahoma

Median Home$88,100
Median Rent$748/month
Population1,966
Leading IndustriesTransportation · Manufacturing · Finance & Insurance5% transportation
Home Value Growth⬆⬆+19.7% over 2 years
Young Adults29% of residentsslightly above average
Homeowners65% of occupied units
NotableAffordable Market$88k median home · lower cost than 95% of the country
Arkoma
OK

Frequently Asked Questions

What are today's mortgage rates in Arkoma?

As of today, the 30-year fixed mortgage rate for Arkoma is approximately 7.061% (7.106% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Arkoma?

The median home value in Arkoma is $88k. The median monthly rent is $748. Annual property taxes average $455. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Arkoma?

Home values in Arkoma have increased 19.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Arkoma?

Based on a typical all-in ownership cost of $651/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Arkoma is $47k/year.

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What industries drive the economy in Arkoma?

The largest employment sectors in Arkoma are public administration (25%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.