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Drumright

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

Median Home$88,206
Median Rent$474/month
Population2,340
Leading IndustriesHealthcare · Arts, Food & Hospitality · Manufacturing17% healthcare
Home Value Growth+6.4% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners73% of occupied units
NotableAffordable Market$88k median home · lower cost than 95% of the country
Drumright
OK

Frequently Asked Questions

What are today's mortgage rates in Drumright?

As of today, the 30-year fixed mortgage rate for Drumright is approximately 6.906% (6.942% 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 Drumright?

The median home value in Drumright is $88k. The median monthly rent is $474. Annual property taxes average $604. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Drumright?

Home values in Drumright have increased 6.4% 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 Drumright?

Based on a typical all-in ownership cost of $588/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 Drumright is $43k/year.

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What industries drive the economy in Drumright?

The largest employment sectors in Drumright are public administration (24%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.