A Guide to Home buying in Oklahoma
Set firmly in the Midwest, Oklahoma is more than the title to a classic musical. It’s at the center of an oil boom and influx of new jobs. There’s a lot this oft-overlooked state has to offer to new residents.
Oklahoma may not play host to many large cities, but that doesn’t mean it lacks fun things to do. It’s home to many beautiful landscapes and natural areas you can visit:
For those who prefer to remain within city limits, you can spend a day at the Oklahoma City Zoo, Myriad Botanical Garden or Bricktown entertainment district.
The population of Oklahoma is incredibly diverse, with residents from all walks of life. Approximately 67 percent of residents identify as white, around 10 percent identify as Hispanic, 7 percent identify as African-American, 7 percent identify as Native American and 7 percent identify as mixed race. There’s also a significant number of foreign-born residents, with nearly 6 percent of the population having been born outside the U.S.
Oklahoma is an impressively educated state, with more than 87 percent of residents graduating high school – well above the national average. Nearly 25 percent have graduated from college, which is in line with national numbers.
The economy is growing in Oklahoma, with a workforce that increased more than 1 percent from 2016 to 2017. The following are major industries for the state:
One of the main contributors to a recent influx of employers is the low taxes on companies and individuals. This is a boon for both businesses who want to cut expenses and residents who enjoy an affordable cost of living.
Owning a home in Oklahoma can be extremely affordable compared to other areas of the U.S. In this state, the median home value is $137,000, and nearly 66 percent of residents are homeowners. Vacancies are over 14 percent, which can be to your benefit if you’re house shopping, as it means more availability and choice.
The quality of schools tends to vary. Rural areas may possess fewer resources, which can affect students’ academic success. However, there are several cities and towns with excellent school systems:
Depending on your location, you may also opt for a private or charter school rather than public education.
Home to both rural communities and thriving cities, Oklahoma is a melting pot of history and new technology. It could be the perfect setting for anyone seeking economic opportunities.