Norman, OK Rent To Own Homes

Rent-to-Own Homes in Norman, OK: What You Need to Know

Norman is one of the largest cities in the state. Last year, Norman ranked number 2 in the list of best places to live in the Oklahoma City area and number 3 in best places to live in Oklahoma. 

Cost of Living 

One of the major draws of Norman is the low cost of living. Overall, it is 9% less expensive to live here compared to the national average. Groceries and healthcare are also less here. Housing and all associated expenses are 26% cheaper. The median home price is $258,000 and just over half the residents own their homes. For those interested in renting their home, the average rent for a 925 square-foot apartment is $925. The majority of apartments cost between $701 and $1,000 per month. 

Job Opportunities 

The Norman job market is flourishing. The major industries here are Educational Services, Health Care and Social Assistance, and Retail Trade. The highest paying sectors are Management of Companies and Enterprises, Utilities, and Mining, Quarrying, and Oil and Gas Extraction. The employers to keep an eye out for are the University of Oklahoma, Johnson Controls, Hitachi, Sitel, NOAA, and Astellas Technologies. The average salary of a Norman resident is $28,273, and the median household income is $50,714.

Schools and Higher Education

Norman has lots of excellent education options available. There are 78 preschools, 27 elementary schools, 11 middle schools, and 5 high schools. Norman public schools are in the top 20% of all Oklahoma public schools. There are 60 private schools, as well. If you are seeking higher education, there is one college in Norman and there are 20 colleges within a 50-mile radius of the city. University of Oklahoma Norman Campus is the school in Norman.

Weather and Climate 

Residents of Norman enjoy a humid subtropical climate meaning their summers are hot, muggy, and clear, while their winters are cold, windy, and partly cloudy. It rains a total of 121 days, accumulating 25”, with May being the wettest month. It snows just 3”, with February seeing the most snow. January is the coldest month, with temperatures often dipping down to 32°F. July is the hottest month, with peaks of 94°F.

Local Population 

127,000 people call Norman home, making it the third-largest city in Oklahoma. The city’s population is steadily increasing. Out of all the residents, 24% are under 18 years old, and 12% are over 65. This makes the median age 31, though for men it is 30, and for women, it is 32. 77% of the total population is White, 8% is Mixed Race, 5% is Asian American, 4% is African American, and 4% is Native American. 94% of all adults have their high school diploma, and 43% have their Bachelor’s degree.