Oklahoma is definitely one of the places Real Estate Investors should be paying attention to. The state has captured worldwide attention for its low cost of housing, and population growth, and is home to many tourist attractions. The low cost of entry into Oklahoma’s real estate market and boosting economy has caused many people to take notice. Here are some of the best locations to invest in.
5. Broken Arrow
Broken Arrow is a thriving city with a community feel. On average, the city has seen a 2% population growth year after year and has gained over 30,000 residents since 2010. That number is steadily rising (census.gov). This growth coupled with low-cost housing compared to other major cities has created a strong economic outlook for investors wanting to create a rental portfolio here. The best news is that those that take up residence here tend to stay here long-term due to a supportive community. Here are a few other factors to consider which make Broken Arrow a strong contender for those looking to invest:
- Quality of Life: The city has a reputation for offering a high quality of life. It has good schools, parks, recreational opportunities, and a sense of community. A strong quality of life can contribute to the attractiveness of the area for both residents and businesses.
- Proximity to Tulsa: Broken Arrow is located just outside of Tulsa, Oklahoma’s second-largest city. This proximity provides residents with access to the amenities and opportunities of a larger urban area while still enjoying the benefits of a smaller community.
- Job Opportunities: The presence of diverse industries can provide job opportunities for both skilled professionals and entry-level workers, which in turn can contribute to the demand for housing and overall economic health.
4. Edmond
Edmond is home to some of the top schools in the city, parks, and houses a diverse economy. It is Ideal for families and investors seeking urban amenities with a peaceful vibe. There is much history and charm just like its neighbor, Oklahoma City. The city itself is a hub for diverse businesses ranging from healthcare to tech and houses many universities such as https://www.uco.edu/ which creates a strong attraction for future educators and a skilled workforce. Here are a few other factors that make Edmond a great place to invest:
- Proximity to Oklahoma City: Edmond is located just north of Oklahoma City, the state’s capital and largest city. This proximity provides residents with access to the amenities, job opportunities, and cultural experiences of a major urban center while still enjoying the benefits of a smaller, more suburban environment.
- Infrastructure and Development: Edmond’s well-maintained infrastructure, including transportation networks and public services, can contribute to a conducive environment for businesses and residents. The city’s ongoing development projects and investments in infrastructure can also create opportunities for investors.
- Low Crime Rates: Edmond has historically maintained relatively low crime rates compared to some other areas, which can enhance its appeal to families and businesses looking for a safe community.
3. Norman
Home to the University of Oklahoma, it blends the vibrant energy of a college town with the comforts of a suburban community. Known for its educational and cultural offerings, Norman offers a range of academic programs, research opportunities, and events. Here are a few other factors that should have you flocking to Norman to invest:
- University Influence: Norman is home to the University of Oklahoma, which brings a vibrant academic and cultural atmosphere. This can attract a diverse population of students, faculty, and researchers, creating potential opportunities in areas like rental properties.
- Quality of Life: Norman offers a high quality of life with a mix of cultural events, recreational opportunities, and community engagement. A desirable living environment can attract residents and businesses alike.
- Proximity to Oklahoma City: Being close to Oklahoma City provides access to a wide range of amenities and job opportunities while allowing residents to live in a smaller, more suburban setting.
2. Tulsa
Tulsa is known for its diverse economy spanning energy, healthcare, technology, and more. With a rich history as an energy hub, the city offers opportunities in various sectors. A flourishing arts scene, educational institutions, and revitalization projects contribute to its vibrancy. Tulsa’s mix of urban amenities, affordability, and supportive business environment make it an attractive destination for residents and investors alike. Tulsa also has:
- Affordable Real Estate: Compared to larger urban areas, real estate prices in Tulsa have historically been relatively affordable, potentially offering investment opportunities in both residential and commercial properties.
- Diverse Economy: Tulsa’s economy encompasses multiple sectors, including energy, healthcare, technology, aerospace, and finance. This diversity can help create a resilient economic environment and provide various investment opportunities.
1. Oklahoma City
Oklahoma City is known for its diverse economy spanning industries like energy, aerospace, and healthcare, the city offers affordable real estate opportunities. With a growing population and a mix of cultural attractions, educational institutions, and job prospects, Oklahoma City is a vibrant destination that blends urban amenities with a cost-effective lifestyle.
- Affordability: Oklahoma City’s real estate market has been relatively affordable compared to many other major U.S. cities. This affordability can attract buyers and investors looking for cost-effective opportunities.
- Economic Diversity: The city’s economy is diverse, with sectors including energy, aerospace, healthcare, and technology. A stable and diverse economy can contribute to consistent demand for housing and commercial properties.
- Population Growth: Oklahoma City has seen steady population growth over the years, driven by factors such as job opportunities and quality of life. Population growth can lead to increased demand for housing.
- Job Opportunities: The city’s various industries provide job opportunities, which can drive demand for housing, particularly rental properties, and influence the real estate market positively.
- Pro-Business Environment: Oklahoma City is known for its business-friendly policies and incentives, which can attract companies and entrepreneurs, potentially leading to increased demand for commercial real estate.
- Infrastructure Development: Ongoing investments in infrastructure, transportation, and urban development projects can enhance the overall appeal of the city and its neighborhoods, potentially increasing property values.
- Cultural and Entertainment Offerings: The city’s cultural amenities, entertainment venues, and recreational options can enhance its overall attractiveness to residents and potentially lead to increased demand for housing.
- Educational Institutions: The presence of universities and colleges can attract students and faculty, creating demand for rental properties in the vicinity.
- Quality of Life: Oklahoma City offers a mix of urban amenities and a lower cost of living compared to larger metropolitan areas. This combination can be appealing to both residents and investors.
Notable Mentions: Vinita & Glenpool
We can not write this list and not include a few other notable mentions.
- Vinita– On July 2023 news was released that a 2 billion dollar project for an American Heartland theme park is set to be built in 2026. If it comes to fruition this not only would bring nearly 40,000 jobs but also investments that could make Vinita a cash cow.
- Glenpool– Long-term rentals thrive in this city and are often overlooked by investors. is its small-town atmosphere with a strategic location near larger urban areas. This allows residents to enjoy a close-knit community while having access to the amenities and opportunities of nearby cities like Tulsa.
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