Buying in Oklahoma City: Cheaper Than Renting | Oklahoma City ...

Buying in Oklahoma City: Cheaper Than Renting

Should I rent or should I buy? This is always a major question when consumers are looking at pros and cons. With the current market that answer is obvious ? buy! With the only two exceptions being San Francisco and Honolulu, buying a home is much more affordable than renting one. Oklahoma City can consider itself especially lucky because it falls in the top five metro areas where buying is a much better deal.

Rent is on the rise, so saving up to make that down payment is a challenge. Also, each market is different. In New York City for example they have many submarkets. If you?re in Manhattan it?s more affordable to rent, but if you?re in a suburb like Westchester County, buying is the better option.

An Oklahoma City buyer should also be very grateful they are not looking to buy in the San Francisco market! A studio in San Francisco is selling for 13.1 times what rent is and a three bedroom or larger is selling for 18 times the rent. There are new studies that show a change in the home price trend. According to professor Ken H. Johnson from Florida International, home prices nationally have bottomed out. Johnson believes the marketing is recovering, and housing will return to its traditional role as a safe investment. Foreclosures in Oklahoma City are also offering lower prices and more options to first time home buyers looking for a great deal.

Confidence in your investment is something that?s been missing in the real estate market, and finally the trends show it?s coming back.

We are local real estate experts that would love to assist you in finding your Oklahoma City home! Please contact us today to start working with a local-expert in the area.

Home In Norman Under $425,000 And Over $375,000

Showing properties 1 - 10 of 17. See more city of Norman real estate.
(all data current as of 5/26/2012)

1. 4 beds, 3 full baths

   Home size: 2,819 sq ft

   Lot size: 9,583 sqft

   Year built: 2012

   Parking spots: 3

   Days on market: 3

2. 3 beds, 2 full, 1 part baths

   Home size: 3,945 sq ft

   Lot size: 7.70 ac

   Year built: 1989

   Parking spots: 2

   Days on market: 4

3. 4 beds, 3 full, 1 part baths

   Home size: 3,208 sq ft

   Lot size: 12,197 sqft

   Year built: 2006

   Parking spots: 2

   Days on market: 16

4. 3 beds, 2 full baths

   Home size: 3,076 sq ft

   Lot size: 1.86 ac

   Year built: 1994

   Parking spots: 4

   Days on market: 17

5. 4 beds, 3 full, 1 part baths

   Home size: 3,424 sq ft

   Lot size: 10,454 sqft

   Year built: 2008

   Parking spots: 3

   Days on market: 28

6. 4 beds, 3 full baths

   Home size: 2,763 sq ft

   Lot size: 11,326 sqft

   Year built: 2005

   Parking spots: 3

   Days on market: 31

7. 5 beds, 4 full, 1 part baths

   Home size: 5,086 sq ft

   Lot size: 33,977 sqft

   Year built: 1996

   Parking spots: 3

   Days on market: 36

8. 3 beds, 2 full, 1 part baths

   Home size: 3,316 sq ft

   Year built: 2005

   Parking spots: 3

   Days on market: 38

9. 5 beds, 4 full baths

   Home size: 3,350 sq ft

   Lot size: 12,197 sqft

   Year built: 2002

   Parking spots: 3

   Days on market: 43

10. 5 beds, 4 full baths

    Home size: 3,515 sq ft

    Lot size: 10,454 sqft

    Year built: 2005

    Parking spots: 3

    Days on market: 50

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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