Rent vs buy in Broken Arrow, OK
In Broken Arrow, Oklahoma, the typical rent is $1,582 /mo and a typical home is priced at $287,424.
Renting comes out ahead by $15k over 7 years
It works from Broken Arrow's typical rent and its typical home value, with 20% down and the mortgage rate today. The break-even point arrives in year 11.
A clearly labeled opinion, with the math shown. The figures are estimates, not quotes. The stamp updates whenever you change a number.
- Renting leads by
- $15k after 7 years
- Break-even point
- Reached in year 11 when owning catches up
- What owning really costs
- $2,604 per month year 1, against $1,582 rent
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Is it cheaper to rent or buy in Broken Arrow?
Over 7 years, renting costs $15,384 less once you count the money you get back when you sell. For the first 10 years, renting costs less. In year 11, owning catches up.
Renting costs. Ownership. Running net cost for each year.
Average rent compared with the mortgage payment, in Broken Arrow
Rent and the mortgage don't cover all the costs, so here's every monthly expense for year 1, based on Broken Arrow's typical price.
| Each month, year 1 | Amount | What it is |
|---|---|---|
| Rent | $1,582 | All of it, every month |
| Mortgage payment | $1,567 | $1,381 of it is interest in year 1 |
| Property tax | $240 | 1% of the value a year |
| Insurance | $157 | Census median for the city |
| Upkeep | $240 | 1% of the value a year |
| Owning, cash out | $2,203 | $186 of it builds equity |
| Lost return on the down payment | $467 | The yearly return on that cash at 8.3% |
| Buying costs, spread out | $120 | 3.5% of the price over 7 years |
| True cost of owning | $2,604 | Cash out minus equity, plus the two entries above |
How the Broken Arrow verdict adds up
- Typical home valueZillow ZHVI, September 2026
- $287,424
- Typical rentZillow ZORI, September 2026
- $1,582 /mo
- Down payment20% avoids private mortgage insurance, which the engine does not model
- 20%
- Mortgage rateFreddie Mac Primary Mortgage Market Survey (FRED MORTGAGE30US)
- 7.24%
- Home price growthFHFA house price index, Oklahoma, 1995 to 2025
- 4% a year
- Rent growthCPI rent of primary residence, yearly growth 2006 to 2026
- 3.5% a year
- Return on savings60% S&P 500 with dividends and 40% 10-year Treasuries, rebalanced yearly, 1928 to 2025
- 8.3% a year
- Property taxCensus ACS 2020-2024, Broken Arrow
- 1% of value
- Home insuranceCensus ACS 2020-2024, Broken Arrow
- $157 /mo
- MaintenanceFannie Mae, low end of 1% to 4%
- 1% of value a year
- Buying costsFreddie Mac, middle of 2% to 5%
- 3.5% of price
- Selling costsAgent commission plus closing costs
- 6% of price
In Broken Arrow, what would flip the result?
With everything else fixed, each line shows the point where the 7-year result for Broken Arrow changes.
Renting comes out ahead when
- Growth in home prices runs under 4.7% a year; we work with 4%, Oklahoma's long-run rate.
- The rate on a mortgage stays above 6.29%.
- Monthly rent for a similar home comes to under $1,750 (typical here: $1,582).
- You make your move before year 11.
Buying comes out ahead when
- Home prices grow at a pace above 4.7% a year.
- You lock in a mortgage rate under 6.29%. Today's rate is 7.24%.
- You'd pay more than $1,750 a month to rent the same home.
- You stay for 11 years or longer.
Broken Arrow compared with the other 812 cities
| Measure | Broken Arrow | Median city |
|---|---|---|
| Typical home value | $287,424 | $422,451 |
| Typical rent | $1,582 /mo | $1,837 /mo |
| Price-to-rent ratio | 15.1 (#617 of 813) | 18.5 |
| Home prices, last 10 years | 5.2% a year | 6.2% a year |
| Rents, last 5 years | 4.4% a year | 4% a year |
| Property tax | 1% | 0.87% |
| Households that rent | 28% | 42% |
Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.
Other cities across Oklahoma
- A toss-up in Oklahoma City, OK, where renting leads by $3k.
- Renting is the better deal in Tulsa, OK, ahead by $7k.
- Rent. Norman, OK. Renting comes out ahead by $20k.
- Rent. Edmond, OK. Renting comes out ahead by $49k.
- Buy. Lawton, OK. Buying comes out ahead by $17k.
- Buy. Moore, OK. Buying comes out ahead by $8k.
- Buy. Midwest City, OK. Buying comes out ahead by $17k.
- Buy. Enid, OK. Buying comes out ahead by $22k.
- Rent. Stillwater, OK. Renting comes out ahead by $27k.