Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Panola

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

Median Home$112,916
Median Rent$695/month
Population1,163
Leading IndustriesManufacturing · Agriculture & Mining · Construction3% manufacturing
Retirees24% of residentsabove average nationally
Homeowners74% of occupied units
NotableAffordable Market$113k median home · lower cost than 98% of the country
NotableVeteran Community8% of residents · top 18% nationally
Panola
OK

Frequently Asked Questions

What are today's mortgage rates in Panola?

As of today, the 30-year fixed mortgage rate for Panola is approximately 6.987% (7.026% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Panola
What is the median home price in Panola?

The median home value in Panola is $113k. The median monthly rent is $695. Annual property taxes average $577. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Panola?

Based on a typical all-in ownership cost of $597/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 Panola is $45k/year.

Calculate your buying power
What industries drive the economy in Panola?

The largest employment sectors in Panola are public administration (23%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.