Why We Love Oklahoma City

Oklahoma City (OKC) is one of the top hottest housing markets in the nation. With an existing shortage of housing supply, when the pandemic crept up in March 2019, many sellers took their properties off the market. As a result, supply took a deeper nose dive while demand remained high.

According to Zillow, home values in Oklahoma state are up 12% year-over-year, while in OKC, they grew by 14%. Despite the rising home price, the real estate market here remains highly affordable compared to most booming housing markets in the U.S.

If you have been thinking about diversifying your portfolio with real estate, here are reasons why now is a great time to own single-family rentals in OKC:

1. OKC is ranked number 25 as the best city in the nation for jobs, according to Glassdoor.
2. The population growth is at 1.07% annually, as more individuals choose to move to large metro areas for work. Most recently, the population grew by 14% between the census taken in 2010 and 2020 (US Census).

Many love OKC for its ultra-stable market with a steady increase in property valuation. This means there is a likelihood of growth in appreciation, strong neighborhood rating, and consistent, reliable cash flow income. Whether residents are looking for housing to attend nearby well-ranked universities or starting a family with more space but cannot afford to purchase a home, OKC is home to multiple pockets where buy-and-hold investors could tap into a large pool of renters.

At Doorvest, we acquire investment homes in Oklahoma City with profiles such as:

Average Home Price: $220,000

Average Monthly Cash Flow: $150