The housing market in Oklahoma State is quite robust. The median value of a house in the state is $174,600, which is significantly lower than the US median of $338,100. Despite this difference in price, the appreciation rate for housing prices in Oklahoma State is actually higher than the national average at 9.81%, compared to 8.27%. This indicates that investing in property in Oklahoma could prove to be a good option for those looking to make a long-term investment with potential returns.
The median home cost in Oklahoma is $174,600. Home appreciation the last 10 years has been 71.1%. Home Appreciation in Oklahoma is up 15.8%.
Average Age of Homes
- The median age of Oklahoma real estate is 39 years old
The Rental Market in Oklahoma
- Renters make up 28.9% of the Oklahoma population
- 2.5% of houses and apartments in Oklahoma, 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.