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Drowning Creek

Learn about the people, housing, costs and businesses in Drowning Creek, Oklahoma

Median Home$140,200
Median Rent$950/month
Population160
Leading IndustriesInformation & Media · Professional Services · Finance & Insurance8% information & media
Home Value Growth⬆⬆⬆+31.7% over 2 years
Retirees25% of residentsabove average nationally
Homeowners82% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
Drowning Creek
OK

Frequently Asked Questions

What are today's mortgage rates in Drowning Creek?

As of today, the 30-year fixed mortgage rate for Drowning Creek 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 Drowning Creek?

The median home value in Drowning Creek is $140k. The median monthly rent is $950. Annual property taxes average $871. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Drowning Creek?

Home values in Drowning Creek have increased 31.7% 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 Drowning Creek?

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 Drowning Creek is $57k/year.

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What industries drive the economy in Drowning Creek?

The largest employment sectors in Drowning Creek are public administration (23%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.