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Sweetwater

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

Median Home$111,432
Median Rent$736/month
Population89
Leading IndustryEducation2% of local workforce
Home Value Growth⬆⬆+14.1% over 2 years
Retirees24% of residentsslightly above average
Homeowners72% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
NotableAffordable Market$111k median home · lower cost than 88% of the country
Sweetwater
OK

Frequently Asked Questions

What are today's mortgage rates in Sweetwater?

As of today, the 30-year fixed mortgage rate for Sweetwater is approximately 6.978% (7.017% 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 Sweetwater?

The median home value in Sweetwater is $111k. The median monthly rent is $736. Annual property taxes average $568. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sweetwater?

Home values in Sweetwater have increased 14.1% 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 Sweetwater?

Based on a typical all-in ownership cost of $591/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sweetwater is $47k/year.

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What industries drive the economy in Sweetwater?

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