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Hoffman

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

Median Home$87,200
Median Rent$820/month
Population79
Leading IndustryEducation4% of local workforce
Home Value Growth+10.9% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners84% of occupied units
NotableAffordable Market$87k median home · lower cost than 95% of the country
Hoffman
OK

Frequently Asked Questions

What are today's mortgage rates in Hoffman?

As of today, the 30-year fixed mortgage rate for Hoffman is approximately 6.901% (6.937% 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 Hoffman?

The median home value in Hoffman is $87k. The median monthly rent is $820. Annual property taxes average $523. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hoffman?

Home values in Hoffman have increased 10.9% 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 Hoffman?

Based on a typical all-in ownership cost of $608/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hoffman is $67k/year.

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What industries drive the economy in Hoffman?

The largest employment sectors in Hoffman are public administration (22%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.