Quick facts: Verden, OK

Quick Facts

90.9
Cost of Living
below US average
512
Population
9.77
Crime Rate per 1000
below US average
$41,000
Median Income
below US average
$115,000
Median House Price
above US average
$1248
Average Rent
below US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $41,000.

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Income Needed to Buy

βœ“ Affordable
$36k/year
Based on $115,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($41,000) exceeds requirement
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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 $41,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Verden, OK

Verden is a small town located in the southern part of Oklahoma, situated within Caddo County. With a close-knit community, Verden offers a quaint, rural lifestyle surrounded by the natural beauty of the plains. The town's population is modest, contributing to its charming atmosphere where residents often know one another personally. The nearby Chickasha, about 10 miles to the east, provides additional amenities and services, including shopping and dining options. Verden is conveniently located along major highways, making it accessible for those traveling to larger cities like Oklahoma City, approximately 70 miles to the northeast. Historically, Verden has roots in agriculture, reflective of its rural setting. The landscape is characterized by open farmland and rolling hills, providing opportunities for outdoor recreational activities. The town hosts community events and maintains a strong sense of pride in its local heritage. With its peaceful environment and friendly residents, Verden serves as a perfect example of small-town life in Oklahoma, making it a unique place for those looking to escape the hustle and bustle of urban areas.

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