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Lone Grove

Learn about the people, housing, costs and businesses in Lone Grove, Oklahoma

Median Home$219,907
Median Rent$1,111/month
Population5,162
Leading IndustriesManufacturing · Agriculture & Mining · Retail4% manufacturing
Home Value Growth⬆⬆+20.4% over 2 years
Family-Friendly28% of residentswell above average
Homeowners78% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Lone Grove
OK

Frequently Asked Questions

What are today's mortgage rates in Lone Grove?

As of today, the 30-year fixed mortgage rate for Lone Grove is approximately 6.976% (7.015% 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 Lone Grove?

The median home value in Lone Grove is $220k. The median monthly rent is $1,111. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lone Grove?

Home values in Lone Grove have increased 20.4% 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 Lone Grove?

Based on a typical all-in ownership cost of $1,020/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lone Grove is $84k/year.

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What industries drive the economy in Lone Grove?

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