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Updated over 4 years ago on . Most recent reply

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12
Posts
3
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Obi Emegano
  • Rental Property Investor
  • Edmond, OK
3
Votes |
12
Posts

Is OKC a growing market?

Obi Emegano
  • Rental Property Investor
  • Edmond, OK
Posted

Is okc a growing market? If so why what makes it appealing to investors?

Most Popular Reply

User Stats

232
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348
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Art Perkitny
  • Specialist
  • Cleveland, OH
348
Votes |
232
Posts
Art Perkitny
  • Specialist
  • Cleveland, OH
Replied

@Obi Emegano

If we take a look at the data it's easy to see why Oklahoma City is a  growing market and why this is good for investors.

Let take a look a few metrics 

- Population has increased over 100k since the beginning of the decade 

- Household incomes are up 2.55% Year over Year 

- The median age of a property has increased due to large numbers of new units coming on the market the past few years.  

Why this is good for investors:

- Rents are up over 6% since last year

- Home values are 8% up from last year 

Data is from American community survey 

Hope this helps!  

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