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Tonkawa

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

Median Home$88,500
Median Rent$781/month
Population3,017
Leading IndustriesHealthcare · Arts, Food & Hospitality · Education18% healthcare
Home Value Growth⬆⬆+13.0% over 2 years
Retirees31% of residentswell above average
Homeowners73% of occupied units
NotableHighly Educated24% bachelor's · 13% graduate · top 21% nationally
NotableAffordable Market$89k median home · lower cost than 95% of the country
Tonkawa
OK

Frequently Asked Questions

What are today's mortgage rates in Tonkawa?

As of today, the 30-year fixed mortgage rate for Tonkawa is approximately 6.846% (6.880% 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 Tonkawa?

The median home value in Tonkawa is $89k. The median monthly rent is $781. Annual property taxes average $548. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tonkawa?

Home values in Tonkawa have increased 13.0% 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 Tonkawa?

Based on a typical all-in ownership cost of $656/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tonkawa is $59k/year.

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What industries drive the economy in Tonkawa?

The largest employment sectors in Tonkawa are public administration (21%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.