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Oak Grove

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

Median Home$174,000
Median Rent$972/month
Population24
Leading IndustriesProfessional Services · Wholesale Trade · Finance & Insurance3% professional services
Home Value Growth⬆⬆+16.2% over 2 years
Retirees50% of residentstop 1% nationally
Homeowners89% of occupied units
NotableVeteran Community18% of residents · top 1% nationally
Oak Grove
OK

Frequently Asked Questions

What are today's mortgage rates in Oak Grove?

As of today, the 30-year fixed mortgage rate for Oak Grove is approximately 6.849% (6.883% 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 Oak Grove?

The median home value in Oak Grove is $174k. The median monthly rent is $972. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Oak Grove?

Home values in Oak Grove have increased 16.2% 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 Oak Grove?

Based on a typical all-in ownership cost of $759/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Oak Grove is $68k/year.

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What industries drive the economy in Oak Grove?

The largest employment sectors in Oak Grove are public administration (20%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.