Quick facts: Woodward, OK

Quick Facts

90.9
Cost of Living
below US average
11,789
Population
34.52
Crime Rate per 1000
above US average
$54,864
Median Income
below US average
$139,000
Median House Price
above US average
$713.5
Average Rent
below US average
9%
Poverty Rate
below US average
3.2%
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 $54,864.

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Income Needed to Buy

βœ“ Affordable
$44k/year
Based on $139,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($54,864) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$31k/year
Based on $713.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($54,864) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Woodward, OK

Woodward is a charming city located in northwestern Oklahoma, serving as the county seat of Woodward County. With a population of approximately 12,000 residents, it serves as a regional hub for commerce, agriculture, and education. The city is known for its friendly atmosphere and strong community spirit. Woodward is characterized by its rich history, with roots dating back to the early 20th century. It features several historical landmarks, appealing parks, and local eateries that reflect the small-town charm. The city's economy primarily revolves around agriculture, oil, and natural gas production, contributing to its steady growth. Outdoor enthusiasts will enjoy the nearby Black Kettle National Grassland, perfect for hiking, birdwatching, and exploring the scenic beauty of the region. Woodward also hosts various events throughout the year, including the annual Woodward Rodeo, celebrating its western heritage. The community is served by several educational institutions, ensuring access to quality education. With its blend of history, natural beauty, and friendly residents, Woodward is a delightful place to live or visit in Oklahoma.

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