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Oklahoma City is the kind of place where you can live large and for less. Oklahoma City residents spend 29% less than the national average on housing costs, and Oklahoma City’s growing economy offers you plenty of ways to enjoy your extra savings. Learn more about where to live at ABetterLifeOKC.com/housing. From modern, urban lofts in the heart of downtown to historic homes on tree-lined streets and spacious homes on even more spacious lots, Greater Oklahoma City offers an expansive choice of desirable neighborhoods and a wide range of prices for housing. Compared to other housing markets, you will be pleasantly surprised at how far your money will go in Oklahoma City’s housing market. The average cost of a single-family home is about $198,000 with the average cost of a condo at around $137,000. Also available are thousands of rental apartments ranging from brand-new luxury complexes to modest, garden style apartments with the average rental price ranging from $600 to $2,200. In Oklahoma City, the average 950-square-foot apartment costs $860 per month, compared to $1,841 in Denver, $2,889 in Chicago, $3,031 in Seattle and $3,182 in Los Angeles.
In downtown Oklahoma City, the housing market has significantly expanded in the past decade with 5,290 housing units on the market and 1,824 additional units under construction or in the planning stages. Districts like Deep Deuce, located east of the Central Business District, and Midtown are key urban housing centers, providing restaurants, retail and multiple downtown housing options. In Oklahoma City, living in a more suburban or rural atmosphere without sacrificing proximity is attainable. The city’s large land area lends itself to all the best aspects of suburban life, while its low commute times and excellent traffic grid management make it easy to get where you need to be. Oklahoma City’s suburban and pastoral neighborhoods allow you to enjoy a quieter atmosphere just minutes away from the city center. Oklahoma City has garnered national attention over the last several years for its affordability and housing costs. Some of the most recent national “top-10” accolades – and there are many – include recognition for its low cost of living (C2ER); low property tax (Lending Tree); low rent (Realtor.com), best home values (The Ascent); and one of the best cities to live in (Bankrate). OKC was also recognized as a top-10 city for college grads (Zumper.com) and best capital cities (WalletHub).
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