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Broken Bow

Learn about the people, housing, costs and businesses in Broken Bow, Oklahoma

Median Home$189,464
Median Rent$637/month
Population3,953
Leading IndustriesHealthcare · Manufacturing · Arts, Food & Hospitality13% healthcare
Home Value Growth-9.6% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners61% of occupied units
Broken Bow
OK

Frequently Asked Questions

What are today's mortgage rates in Broken Bow?

As of today, the 30-year fixed mortgage rate for Broken Bow is approximately 6.918% (6.955% 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 Broken Bow?

The median home value in Broken Bow is $189k. The median monthly rent is $637. Annual property taxes average $665. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Broken Bow?

Home values in Broken Bow have decreased 9.6% over the past two years. Buyers may find more negotiating room in this market. 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 Broken Bow?

Based on a typical all-in ownership cost of $595/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Broken Bow is $41k/year.

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What industries drive the economy in Broken Bow?

The largest employment sectors in Broken Bow are public administration (20%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.