The housing prices in the Oklahoma City, OK Metro Area are quite favourable compared to the US median value. The median value of a house in Oklahoma City is $207,800, which is significantly lower than the US median value of $338,100. In addition, the 1 year house appreciation rate in Oklahoma City is 12.38%, which is higher than the 8.27% appreciation rate seen across the US during the same period. This indicates that investing in real estate in Oklahoma City could be a great option for individuals and families looking to buy a home and gain appreciation from their investment without breaking the bank.
The median home cost in Oklahoma City Metro Area is $207,800. Home appreciation the last 10 years has been 74.4%. Home Appreciation in Oklahoma City Metro Area is up 15.2%.
Average Age of Homes
- The median age of Oklahoma City Metro Area real estate is 38 years old
The Rental Market in Oklahoma City Metro Area
- Renters make up 31.7% of the Oklahoma City Metro Area population
- 2.7% of houses and apartments in Oklahoma City Metro Area, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.