5 Safe Neighborhoods in Oklahoma City for Real Estate Investors
If you're looking for investment properties in OKC, here are the top 5 safe and affordable neighborhoods.
Oklahoma City is the capital of Oklahoma, and a great city to purchase investment properties as there is a strong job market, many tourist attractions and most importantly, affordable housing. However, if you are not too familiar with the city, it can be difficult to know the best areas in which to invest. When considering an investment property in Oklahoma City, you will want to stick to the safe and affordable areas in order to attract the best tenants and ensure the value of your property remains high. So let’s have a look at the 5 best neighborhoods in Oklahoma City in which to purchase an investment property.
1. Edmond
Edmond is the one of the top choices for potential investors and is highly sought after. It is a favorite among families as it is a safe, popular neighborhood with good schools and low crime. Located on the city's north side, market stats for Edmond are as follows:
- Median home price: $207,000
- Median monthly rent: $962
- Crime Rate: Considered to be safer than 64% of Oklahoma cities.
- Perfect for: Students, families, retirees, young professionals.
Edmond is a popular neighborhood for investors because there are a range of properties available, from contemporary apartments to large ranch homes. Edmond is also perfect for those looking for students as tenants as it is ideal for college students attending the University of Central Oklahoma and Oklahoma Christian University.
2. Forest Park
Forest Park is another ideal choice for potential real estate investors in Oklahoma City. Located only 15 minutes northeast of the city, market stats for Forest Park are as follows:
- Median home price: $193,100
- Median monthly rent: $1,213
- Crime Rate: Considered to be safer than 82% of Oklahoma cities.
- Perfect for: Families and retirees.
Forest Park is popular for families as it is close to downtown Oklahoma City so can demand higher rent, and there are also great schools nearby, so a potential investor will be able to attract quality tenants, especially those with kids.
3. Moore
Moore is a popular choice for real estate investors and is considered a very good neighborhood to purchase a property, investment or to live in. Located 20 minutes south of the city center, market stats for Moore are as follows:
- Median home price: $126,200
- Median monthly rent: $934
- Crime Rate: Considered to be safer than 48% of Oklahoma cities.
- Perfect for: Families, retirees, singles, and young professionals.
Moore is a neighborhood that attracts a variety of different people from older families to young professionals. There are good schools in the area and many different types of properties available to suit all budgets.
4. Piedmont
Piedmont is an in-demand neighborhood in Oklahoma City, and investors like it because they are able to get quality tenants easily and they know that their property will be looked after as it is one of the safest neighborhoods in the city. Located just 30 minutes northwest of the city center, market stats for Piedmont are as follows:
- Median home price: $187,800
- Median monthly rent: $971
- Crime Rate: Considered to be safer than 86% of Oklahoma cities.
- Perfect for: Families, retirees, singles, and young professionals.
One aspect that makes Piedmont so in demand is that it is the perfect mix of suburban lifestyle while still being close to the city. Many first home buyers will choose Piedmont as there is great value and it is so safe and quiet.
5. Yukon
Yukon is one of the more affordable neighborhoods within Oklahoma City, but it attracts a high-quality mix of tenants and homeowners, so it is ideal for investors. Yukon is located around 30 minutes west of the city, and market stats are as follows:
- Median home price: $130,000
- Median monthly rent: $971
- Crime Rate: Considered to be safer than 51% of Oklahoma cities.
- Perfect for: Families, retirees, singles, and young professionals.
In Yukon you will get more home for your money and be able to attract quality tenants with the right property. There are lots of parks and trails in the area, and there is a real feel of community there which will help in attracting quality tenants.
Conclusion
One thing is evident, Oklahoma City has many good options for potential real estate investors, and ideal neighborhoods are located all around the city. No matter where in Oklahoma City you wish to invest in, you will find a neighborhood that is safe and has the potential to have high quality investors. And at the end of the day, finding an affordable investment property and getting good long-term tenants is what will make any real estate investment a success.
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