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Faxon

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

Median Home$222,800
Median Rent$1,081/month
Population115
Leading IndustriesManufacturing · Agriculture & Mining · Wholesale Trade8% manufacturing
Home Value Growth⬆⬆+19.1% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners93% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableHigh Incomes$96k/year · top 20% nationally
Faxon
OK

Frequently Asked Questions

What are today's mortgage rates in Faxon?

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

The median home value in Faxon is $223k. The median monthly rent is $1,081. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Faxon?

Home values in Faxon have increased 19.1% 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 Faxon?

Based on a typical all-in ownership cost of $1,127/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Faxon is $96k/year.

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What industries drive the economy in Faxon?

The largest employment sectors in Faxon are public administration (22%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.