Oklahoma is the twentieth largest state by area, with a population of 3,956,971 (U.S. Census Bureau, July 1, 2019). Throughout history, the state of Oklahoma has been shaped and defined by these milestones. As part of the Louisiana Purchase of 1803, the United States acquired the Oklahoma territory from the French. During the 1800s, Oklahoma has one of the largest Native American populations, including the Choctaw and Cherokee, since many Native Americans were forced to relocate to Oklahoma following the Indian Removal Act of 1830. Eventually, the U. S. Government allowed 50,000 settlers to claim homesteads during the Land Run of 1889. Oklahoma's earlier economic growth depended on oil and gas production.
Today, Oklahoma's economy has a GDP of $206 billion (Bureau of Economic Analysis, July 1, 2018), which is driven by these top industries: energy, information and finance, transportation, agriculture, and aerospace. Many of the leading Fortune 500 companies have their headquarters in Oklahoma, including Oneok, Devon Energy, and Chesapeake Energy, to name a few.
The most recognized cities in Oklahoma are Oklahoma City, Tulsa, and Norman.
Oklahoma City is the state capital, in central Oklahoma, and has a population of 629,191. Oklahoma City is home to the Myriad Botanical Gardens, Oklahoma City National Memorial & Museum, and Bricktown. Over the last ten years, Oklahoma City's housing market has appreciated by 27.72%. When compared to the rest of the nation, Oklahoma City's housing prices are more affordable, with the median home price of $148,500 and a median rent of $819.
Tulsa is located in northeastern Oklahoma and has a population of 401,352. Tulsa is home to the Philbrook Museum of Art, Gilcrease Museum, and Tulsa Zoo. Over the last ten years, Tulsa's housing market has appreciated by 1.75% annually. When compared to the rest of the country, Tulsa's housing prices are notably less expensive, with the median home price of $129,000 and a median rent of $784.
Norman resides in the central part of Oklahoma, just 20 miles south of Oklahoma City, and has a population of 119,820. Norman is home to the Sam Noble Oklahoma Museum of Natural History and Lake Thunderbird State Park, Norman Art Museum. Over the last ten years, Norman's housing market has appreciated by 24.21%. When compared to the rest of the nation, Norman's housing prices are substantially lower, with the median home price of $169,700 and a median rent of $835.
|Single Family Homes for sale in Oklahoma|
|Average List Price||$377,225|
|Average Price Per Square Feet||$177|
|Condos for sale in Oklahoma|
|Average List Price||$205,764|
|Average Price Per Square Feet||$128|
|Townhomes for sale in Oklahoma|
|Average List Price||$275,846|
|Average Price Per Square Feet||$129|