Quick facts: Cashion, OK

Quick Facts

90.9
Cost of Living
below US average
892
Population
4.48
Crime Rate per 1000
below US average
$96,705
Median Income
above US average
$315,000
Median House Price
above US average
$1470.0
Average Rent
above US average
7%
Poverty Rate
below 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 $96,705.

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Income Needed to Buy

βœ— Stretch
$99k/year
Based on $315,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $99k vs median $96,705
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Income Needed to Rent

βœ“ Affordable
$63k/year
Based on $1470.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($96,705) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cashion, OK

Cashion is a small town located in Canadian County, Oklahoma, with a close-knit community feel and a rich heritage. Positioned just northwest of the bustling city of Oklahoma City, Cashion offers residents the charm of rural life while still providing access to urban amenities. The town is primarily residential, characterized by its quiet streets, local schools, and small businesses. Cashion is known for its friendly atmosphere and active community events, which enhance the small-town vibe. The area has various parks and recreational spaces, making it an ideal place for families and outdoor enthusiasts. The town is also part of the larger Oklahoma City metropolitan area, allowing easy access to a wide range of cultural, shopping, and dining options. With a growing population, Cashion maintains its agricultural roots while embracing development. This balance makes it appealing for those seeking a slower pace of life without sacrificing convenience. Overall, Cashion is a delightful community that combines tradition with the benefits of proximity to a major city.

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