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Blackgum

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

Median Home$166,600
Median Rent$779/month
Population43
Leading IndustryRetail16% of local workforce
Home Value Growth+8.1% over 2 years
Young Adults29% of residentsslightly above average
Homeowners90% of occupied units
NotableAffordable Market$167k median home · lower cost than 67% of the country
Blackgum
OK

Frequently Asked Questions

What are today's mortgage rates in Blackgum?

As of today, the 30-year fixed mortgage rate for Blackgum is approximately 7.040% (7.081% 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 Blackgum?

The median home value in Blackgum is $167k. The median monthly rent is $779. Annual property taxes average $890. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Blackgum?

Home values in Blackgum have increased 8.1% over the past two years. This represents moderate growth. 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 Blackgum?

Based on a typical all-in ownership cost of $593/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Blackgum is $49k/year.

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What industries drive the economy in Blackgum?

The largest employment sectors in Blackgum are public administration (18%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.