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Hennessey

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

Median Home$171,900
Median Rent$863/month
Population2,246
Leading IndustriesFinance & Insurance · Information & Media · Manufacturing11% finance & insurance
Home Value Growth+5.2% over 2 years
Family-Friendly28% of residentswell above average
Homeowners73% of occupied units
Hennessey
OK

Frequently Asked Questions

What are today's mortgage rates in Hennessey?

As of today, the 30-year fixed mortgage rate for Hennessey is approximately 6.971% (7.010% 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 Hennessey?

The median home value in Hennessey is $172k. The median monthly rent is $863. Annual property taxes average $909. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hennessey?

Home values in Hennessey have increased 5.2% 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 Hennessey?

Based on a typical all-in ownership cost of $745/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hennessey is $71k/year.

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What industries drive the economy in Hennessey?

The largest employment sectors in Hennessey are public administration (17%) and information and media (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.