Oklahoma, known for its vibrant cities and vast plains seems to be getting more noticed in the real estate markets these days. Builders and homebuyers are finding lots of opportunities to evolve. What exactly is it that is so attractive? Let's dive into the economic factors that make Oklahoma such an ideal place to call home. 

Steady Economic Growth

Oklahoma's economy has been on a steady rise. A diverse economy, with significant sectors including energy, aviation, electronics, and telecommunications, has created a robust job market here in Green Country. The state’s low unemployment rate consistently sits below the national average, which equates to stable income sources for residents. In fact, we are the third lowest in the nation. 

Affordable Cost of Living

One of the key attractions for home buyers and builders in Oklahoma is the state's affordable cost of living. According to data from the U.S. Bureau of Economic Analysis, the cost of living in Oklahoma is lower than the U.S. average. This extends to the housing market, where home prices remain favorable compared to many other parts of the nation. Without a doubt, we offer more bang for your buck. Oklahoma offers the chance to build or buy larger properties, with plenty of room for growth at lower rates than across the nation. 

A Stable Housing Market

At Capital Homes, we are proud of our Oklahoma housing market. Over the years, it has proven to be resilient and has provided us with steady growth in home values over the years. This makes purchasing a home in Oklahoma a solid long-term investment. In addition, the rate of home ownership in the state is higher than the national average – an indicator of a strong housing market that supports both buyers and builders and we are proud to have a hand in it for almost 40 years. 

Government Support and Incentives

The local government has been proactive in creating an environment conducive to homeownership. First-time home buyers are given many incentives to buy, and tax benefits are given to builders and developers. It's impressive how the state has gone the extra mile to stimulate the real estate market and we are beyond grateful to live in a state that supports this. 

Investing in Infrastructure

For both Commercial and residential development, Oklahoma has seen significant investment in infrastructure. Improved roads, public transportation, and utility systems not only make life more convenient for residents but also add value to properties.

A Flourishing Quality of Life

Lastly, but most importantly, Oklahoma offers a great quality of life. With a mix of natural beauty and lush urban development, including over 50 state parks, 200 + lakes, and a number of cultural and sporting attractions, Oklahoma has a lot to offer. This attracts a variety of people, creating a diverse, vibrant community that's appealing to home buyers and locals alike. 

Oklahoma has so much to offer. Including its friendly people. Add a thriving economy, affordable living, strong government support, steady investment in infrastructure, and an unbeatable quality of life... creating a perfect storm for Oklahoma's real estate market. As these factors marinate, they create a favorable environment for home buying and building, making Oklahoma "The Land of Opportunity" for those ready to take the plunge into homeownership. Whether you're a first-time homebuyer, an investor, or a builder, the Sooner State is waiting to welcome you with open arms.

There's no time like the present to seize the opportunities in Oklahoma's housing market. And who knows? Your dream home could be just around the corner. Contact us at capitalhomes.com to discuss opportunities. Currently serving Sand Springs, Tulsa, Broken Arrow, Bixby, and Owasso areas.