Quick facts: Chickasha, OK

Quick Facts

90.9
Cost of Living
below US average
16,549
Population
37.04
Crime Rate per 1000
above US average
$55,136
Median Income
below US average
$168,000
Median House Price
above US average
$1408.2
Average Rent
above US average
17%
Poverty Rate
above 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 $55,136.

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Income Needed to Buy

βœ“ Affordable
$53k/year
Based on $168,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($55,136) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$60k/year
Based on $1408.2/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $60k vs median $55,136
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Chickasha, OK

Chickasha is a small city located in Grady County, Oklahoma. Nestled about 35 miles southwest of Oklahoma City, it serves as the county seat and is a vital part of the region's history and economy. With a population of around 16,000 residents, Chickasha boasts a charming small-town atmosphere while offering various amenities and services. The city is well-known for its annual festivals, particularly the Great Plains Renaissance Festival and the Chickasha Festival of Light, which attracts visitors from across the state. Chickasha is also home to the historic Washita Valley Railway and several museums that celebrate local heritage. The vibrant downtown area features unique shops, dining options, and community events that foster a sense of connection among residents. Outdoor enthusiasts can enjoy parks like Shannon Springs Park and the nearby Lake Chickasha, which offers recreational activities such as fishing, hiking, and picnicking. Chickasha's location provides easy access to larger metropolitan areas, ensuring a blend of rural charm and urban convenience.

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