Quick facts: Hennessey, OK

Quick Facts

90.9
Cost of Living
below US average
2,156
Population
6.49
Crime Rate per 1000
below US average
$50,707
Median Income
below US average
$225,000
Median House Price
above US average
$1248
Average Rent
below US average
10%
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 $50,707.

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Income Needed to Buy

βœ— Stretch
$71k/year
Based on $225,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $71k vs median $50,707
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Income Needed to Rent

⚠ Stretch
$53k/year
Based on $1248/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $53k vs median $50,707
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hennessey, OK

Hennessey is a charming small town located in the heart of Oklahoma, primarily situated in both Kingfisher and Noble counties. As of the latest census, it boasts a population of around 1,600 residents. Known for its friendly community atmosphere, Hennessey offers a mix of rural charm and convenient amenities. The town has a rich history, with its origins dating back to the early 20th century. It is named after a local settler and has preserved much of its historical character. Hennessey is surrounded by beautiful Oklahoma farmland, making it an attractive area for agriculture and outdoor activities. Local highlights include the Hennessey Public Schools, which serve the educational needs of the community, and various local parks that provide recreational opportunities for families. The annual events, such as the Hennessey Harvest Festival, reflect the town's community spirit and celebrate its agricultural roots. Hennessey also benefits from its proximity to larger cities like Enid and Kingfisher, providing residents access to additional services and cultural activities while maintaining the tranquility of small-town life.

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