Family budget friendly prices and slow-but-steady appreciation make Oklahoma a marvelous opportunity for Rent to Own buyers to find just the home they're looking for, nothing less. Featuring highly affordable metro areas that are magnets for younger people and innovative businesses, your lease option investment in Oklahoma is as bright as that prairie sunrise.
More Than Just a Musical
Right in the center of the American Heartland, Oklahoma is renowned for being cattle and rancher country. The home of the Okies is also home to the largest concentration of Native Americans in the United States, and their various unique cultures influence the local culture’s customs, values, and art. Major industries in the state include mining, oil and gas, gambling, ranching, and construction. Population growth averages at about 0.6 percent annually. Job growth in Oklahoma continues at 1.8 percent and unemployment sits at 3.9 percent. Median household income in Oklahoma is currently $33,400 and the median family income is $40,709 annually.
Sunset on the Farm, OK. Via SelectRegistry.comThe Real Estate Picture
Homes in Oklahoma are, on average, among the most affordable in the region. According to Zillow, the average home value in Oklahoma was $111,200. Some of the most popular metro areas in Oklahoma are Oklahoma City, Tulsa, Broken Arrow, Norman, and Lawton.
Primary and secondary school rankings are mostly average throughout the state with the best school concentrated near metro areas. Oklahoma has notable universities that include the University of Oklahoma, Oklahoma State University, University of Tulsa, University of Central Oklahoma, and The University of Oklahoma Health Sciences CenterSafety
According to Neighborhood Scout, violent crime rates in Oklahoma are slightly above the 3.8 per 1,000 residents national average at 4.41, while property crime is 32.74 per 1,000 residents and is higher than the 27.3 national average.
Culture and Entertainment
Oklahoma offers its residents many points of interest, which include the National Cowboy and Western Heritage Museum, Frontier City, Myriad Botanical Gardens, Turner Falls, and Robbers Cave State Park. The Sooner State has a very rustic cowboy feel due to its history of ranchers driving cattle across the wide open plains. Culture and cuisine involves rodeos, homestyle cooking, and old fashioned barbecue with Native American influences thrown in.