Compare Claremore, OK mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Claremore.
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June 25, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Claremore. Understand how much you need to earn to afford a home in Claremore, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Claremore fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Claremore is right for you.
The median home value for Claremore, OK (Rogers County) is $203,858
Based on current mortgage rates and a 10% down payment, you need to make $33,401 per year to buy the median priced home in Claremore
With this income, you could qualify for a $183,473 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Claremore is $774
The median household income for Claremore, OK (Rogers County) is $71,480
Based on this income, you can afford a home valued at approximately $436,265
The home price you can afford to buy based on household income in Claremore is 214% of the median home value which means housing prices are affordable. Claremore (Rogers County) ranks 62 out of 77 counties in Oklahoma and 1,450 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Claremore, OK is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Claremore (Rogers County) below.
Conforming loan limits for Claremore, OK
FHA loan limits for Claremore, OK
VA loan limits for Claremore, OK