Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Fay

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

Median Home$146,700
Median Rent$1,029/month
Population27
Leading IndustriesPublic Administration · Transportation · Professional Services27% public administration
Young Adults41% of residentstop 2% nationally
Homeowners80% of occupied units
NotableHighly Educated28% hold a bachelor's degree · top 12% nationally
Fay
OK

Frequently Asked Questions

What are today's mortgage rates in Fay?

As of today, the 30-year fixed mortgage rate for Fay is approximately 6.939% (6.977% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Fay
What is the median home price in Fay?

The median home value in Fay is $147k. The median monthly rent is $1,029. Annual property taxes average $841. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Fay?

Based on a typical all-in ownership cost of $694/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fay is $60k/year.

Calculate your buying power
What industries drive the economy in Fay?

The largest employment sectors in Fay are public administration (27%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.