Quick facts: Weatherford, OK

Quick Facts

90.9
Cost of Living
below US average
11,859
Population
13.32
Crime Rate per 1000
below US average
$47,851
Median Income
below US average
$98,900
Median House Price
above US average
$940.33
Average Rent
below US average
15%
Poverty Rate
above US average
3.5%
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 $47,851.

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Income Needed to Buy

βœ“ Affordable
$31k/year
Based on $98,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($47,851) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$40k/year
Based on $940.33/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($47,851) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Weatherford, OK

Weatherford, Oklahoma, is a charming city located in Custer County. Known for its rich history and welcoming atmosphere, it offers a blend of small-town charm and modern amenities. The city has a population of approximately 12,000 residents and serves as a hub for nearby communities, providing essential services and a vibrant local economy. Weatherford is home to Southwestern Oklahoma State University, which contributes to the educational environment and cultural offerings in the area. The university hosts various events and activities, enriching the community's calendar. Outdoor enthusiasts can enjoy parks, recreational activities, and events throughout the year. One of the highlights is Lake Weatherford, which provides opportunities for fishing, boating, and picnicking. The city is known for its historic downtown area, featuring local shops, restaurants, and annual festivals that celebrate the community's heritage. Additionally, Weatherford boasts a friendly atmosphere and strong community spirit, making it a wonderful place to live and visit.

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