Elk City, OK home prices
Typical home $150,663 · +5.4% in a year · income needed $42,500
The Elk City, OK metro area ranks 806 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +5.4% in a year and +28.7% over five years. With 20% down at 7.11%, the typical home costs about $992 a month including 0.84% property tax (Beckham County rate).
Mortgage on the typical Elk City home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $30,133 | $120,530 | $811 | $0 | $181 | $992 | $42,500 |
| 10% down | $15,066 | $135,597 | $912 | $56 | $181 | $1,150 | $49,300 |
| 5% down | $7,533 | $143,130 | $963 | $60 | $181 | $1,203 | $51,600 |
| 3.5% down (FHA) | $5,273 | $147,934 | $995 | $67 | $181 | $1,243 | $53,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.84% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Elk City area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Beckham County, OK | $150,710 | +5.3% | 0.84% |
What can you afford in Oklahoma on your salary? · Oklahoma home prices · Salaries in Oklahoma
Frequently asked questions
How much is a house in Elk City?
The typical home in the Elk City, OK metro area is worth $150,663 (Zillow, September 2026).
What salary do you need to buy a house in Elk City?
About $42,500 a year for the typical home with 20% down at 7.11%.