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Welch

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

Median Home$168,000
Median Rent$695/month
Population607
Leading IndustriesConstruction · Agriculture & Mining · Public Administration9% construction
Home Value Growth+6.3% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners80% of occupied units
NotableAffordable Market$168k median home · lower cost than 66% of the country
Welch
OK

Frequently Asked Questions

What are today's mortgage rates in Welch?

As of today, the 30-year fixed mortgage rate for Welch is approximately 6.929% (6.966% 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 Welch?

The median home value in Welch is $168k. The median monthly rent is $695. Annual property taxes average $734. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Welch?

Home values in Welch have increased 6.3% over the past two years. This represents moderate growth. 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 Welch?

Based on a typical all-in ownership cost of $570/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Welch is $54k/year.

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What industries drive the economy in Welch?

The largest employment sectors in Welch are public administration (29%) and agriculture and mining (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.