Quick facts: Altus, OK

Quick Facts

90.9
Cost of Living
below US average
18,556
Population
17.57
Crime Rate per 1000
below US average
$56,620
Median Income
below US average
$219,897
Median House Price
above US average
$1687.5
Average Rent
above US average
10%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $56,620.

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Income Needed to Buy

βœ— Stretch
$69k/year
Based on $219,897 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $69k vs median $56,620
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Income Needed to Rent

⚠ Stretch
$72k/year
Based on $1687.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $72k vs median $56,620
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Altus, OK

Altus is a city located in the southwestern part of Oklahoma, serving as the county seat of Jackson County. With a rich history dating back to its establishment in the late 1800s, Altus has grown into a vital community known for its friendly atmosphere and vibrant local culture. The city is situated near the scenic Little River and is often praised for its beautiful landscapes including nearby mountains and parks. Altus is also recognized for its agriculture, particularly in producing cotton, wheat, and various fruits and vegetables. The local economy is supported by Altus Air Force Base, contributing significantly to employment and community life. Visitors and residents can enjoy numerous parks, recreational opportunities, and annual events, such as the Altus Watermelon Festival, which celebrates the region's agricultural heritage. With a variety of local shops, restaurants, and historical sites, Altus offers a glimpse into traditional Oklahoma life, making it a charming place for both visitors and residents.

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