Oklahoma City, OK

Population: 610,548
Average annual home appreciation rate: 8.89%
Total of homes for sale in this market: 2,582
Median home price: $143,631
Median Rent: $807
Home price range: 44.80% of homes are between $108,001 – $216,000
Median sales price: $110,000
Number of homes: 1,496
Median foreclosure sales price: $55,250
Foreclosure discount: $54,750 ( 49.8% )
Most common home type: 67.63% of homes are Single Family Detached
Number of vacant homes: 11.59%
Number of renters: 41.66%
Number of owner occupied: 58.34%
Number people living below poverty level: 18.23%
Unemployment rate: 3.50%
Is this area perfect for real estate deals going on right now? Many investors are looking into the OK City market for investment ops. Here are some of the reason why: 1. Great track record of positive home appreciation rates…and presently rising to some of the highest in OK, and in the US. 2. Great home prices, and higher rental rates. (great for buy and hold rental properties) 3. Multiple ‘troubled’ properties available on the market (could lead to GREAT deals for cash investors dealing directly with motivated sellers. 4. Multiple zombie (vacant) properties on the market. (could lead to great deals based on motivated sellers, and could be great fix and flip renovation deals) These are just a few… but there are many more… and OK City could be a great place to get into the real estate market.

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