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Gracemont

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

Median Home$125,400
Median Rent$725/month
Population248
Leading IndustriesAgriculture & Mining · Manufacturing · Construction10% agriculture & mining
Home Value Growth⬆⬆+13.7% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners81% of occupied units
NotableAffordable Market$125k median home · lower cost than 82% of the country
Gracemont
OK

Frequently Asked Questions

What are today's mortgage rates in Gracemont?

As of today, the 30-year fixed mortgage rate for Gracemont is approximately 7.070% (7.115% 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 Gracemont?

The median home value in Gracemont is $125k. The median monthly rent is $725. Annual property taxes average $621. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gracemont?

Home values in Gracemont have increased 13.7% 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 Gracemont?

Based on a typical all-in ownership cost of $635/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gracemont is $64k/year.

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What industries drive the economy in Gracemont?

The largest employment sectors in Gracemont are public administration (18%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.