Oklahoma City versus Tulsa

[Tyler Amnott]

Hello all,

I am looking to make my first purchase and stumbled across the Oklahoma market. I am interested in investing out of state as my own (New Hampshire) is just too expensive. I've kind of narrowed down between these two cities but would like more information, things such as what average rent rates are, how you as an investor in the area feel about the future, and any out of state investor tips would be greatly appreciated! Thanks!

[Will Fraser]

Hey @Tyler Amnott!  As an Oklahoma City based investor I can share a bit about OKC and answer any followup questions you may have.

Average rent rates are all over the place throughout the OKC metro, varying greatly depending on the asset class and the investment strategy.  If you'd like to own college rentals there are abundant opportunities for that.  Want to own single family homes in the heart of the city?  We've got that.  We've got 2 bed/1 bath homes renting for as little as $450 and as much as $1,400, and 3/2's that span the gamut. 

The biggest "pros" to Oklahoma City is the affordability of the assets themselves and the stability of the market.  With the largest employment in the metro coming from military, oil and gas, and health care industries (supplemented by steady and increasing growth across many other sectors) the local economy is one of the more stable in the country.   While it is not recession proof, it is shielded from the "boom and bust" cycles of many of the "raging bull markets" and enjoys steady appreciation.

Feel free to reach out and hit me with as many specific questions as you've got.  

Good luck in the journey!

Will