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Ballou

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

Median Home$136,000
Median Rent$652/month
Population150
Leading IndustriesFinance & Insurance · Information & Media · Professional Services12% finance & insurance
Home Value Growth⬆⬆⬆+32.8% over 2 years
Retirees23% of residentsslightly above average
Homeowners77% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
NotableAffordable Market$136k median home · lower cost than 79% of the country
Ballou
OK

Frequently Asked Questions

What are today's mortgage rates in Ballou?

As of today, the 30-year fixed mortgage rate for Ballou is approximately 6.953% (6.994% 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 Ballou?

The median home value in Ballou is $136k. The median monthly rent is $652. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ballou?

Home values in Ballou have increased 32.8% 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 Ballou?

Based on a typical all-in ownership cost of $535/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $23k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ballou is $63k/year.

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What industries drive the economy in Ballou?

The largest employment sectors in Ballou are public administration (21%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.