Buying a Foreclosure in Oklahoma City, OK: Everything You Need to Know
Oklahoma City is the state capital and the largest city in Oklahoma. Originally inhabited by Native tribes, there was a "land-rush" at the time by pioneers who laid claim to the land upon arrival. They were known as "Sooners" because the sooner they arrived, the more land they could declare as theirs. This nickname has stuck with the area and its residents up until today.
Oil was discovered in 1928 and helped the economy, population, and city grow exponentially. With a max populous of 320,000, the town began to decline in the 1960s as the oil dried up. In 1992 there was a revival effort put into downtown OKC. Today this city has grown into a sizeable Metropolitan area and continues to thrive. This city, known as Cowboy Country, is famous for the National Cowboy Hall of Fame.
Know Your Neighborhoods
Not sure where to settle down in this great city? We’ve rounded up some of the most notable neighborhoods to help you decide.
Plaza District: A thriving, trendy town that appeals to young singles, millennials, and newlyweds.
Bricktown: An entertainment district that attracts entry-level professionals and lots of singles due to the fun nightlife that makes for a great dating scene.
Deep Deuce: An upscale neighborhood that is home to Oklahoma Baptist University. Home values here are high, averaging $587,500.
Crown Heights and Edgemere Heights: These are amongst the safest communities and are best suited for families with children. Many different architectural styles of homes line the streets, and pricing varies just as much. Residents, usually made up of upper-middle-class families, can partake in many social activities coordinated by the Neighborhood Association.
Living in OKC: Schools and Education
The Oklahoma City Public School System (OKCPS) is a multicultural district that serves the city. It has a total of 76 public schools, grades K-12, and 13 charter schools. Having about 43,000 enrolled students makes this district the largest in the state. The student-teacher ratio is 17:1.
The best schools in the area are Wilson Elementary School, Belle Isle Middle School, Classen Middle School of Advanced Studies, Oklahoma School of Science and Mathematics, and Southeast High School.
The University of Oklahoma is a 4-year public institute with an A rating. Admissions into this highly rated school are competitive as they only accept 78% of applicants. This university holds the number 4 spot out of 1,407 of Best College Athletics in America.
Oklahoma Real Estate: The Cost of Living
The cost of living in OKC is about 15% below the national average. Consider the following average monthly expenses to better prepare yourself for any upcoming long-term visit or permanent move to Oklahoma City:
Average Home Price: $247,758
Median Rent: $776.12
Phone Bill: $164.24
Food & Grocery: 9% lower than the national average