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Home»Real Estate»5 Most Affordable Places to Live in Oklahoma in 2024
Real Estate

5 Most Affordable Places to Live in Oklahoma in 2024

July 6, 2024No Comments3 Mins Read
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Oklahoma offers a diverse landscape, rugged beauty, and welcoming communities, making it an appealing place to live. If you’re considering renting or buying a home in the state, you probably have a budget in mind. The median home sale price in Oklahoma is currently $251,400 as of June.

If that price doesn’t align with your budget, don’t worry. Redfin has compiled a list of the 5 most affordable places to live in Oklahoma, all with a median home sale price below $251,400. From Lawton to Tulsa, discover which cities made the cut.

#1: Lawton

Median home price: $150,000
Average sale price per square foot: $151
Average rent for a 1-bedroom apartment: $500
Median household income: $47,690
Nearest major metro: Oklahoma City (90 miles)
Lawton, OK homes for sale
Lawton, OK apartments for rent

With a median home sale price of $150,000, Lawton tops our list as the most affordable place to live in Oklahoma. The city is home to around 90,400 residents and offers attractions like the Comanche National Museum and Cultural Center and the Museum of the Great Plains. Outdoor enthusiasts can explore Elmer Thomas Park and Lake Lawtonka.

#2: Enid

Median home price: $171,500
Average sale price per square foot: $99
Average rent for a 1-bedroom apartment: $525
Median household income: $51,784
Nearest major metro: Oklahoma City (100 miles)
Enid, OK homes for sale
Enid, OK apartments for rent

Enid secures the second spot on our list with a median home sale price of $171,500. The city, home to approximately 51,300 residents, offers attractions like the Railroad Museum of Oklahoma and Leonardo’s Children’s Museum & Adventure Quest. Residents can also enjoy live events at Stride Bank Center and picnics at Government Springs Park.

#3: Midwest City

Median home price: $199,250
Average sale price per square foot: $137
Average rent for a 1-bedroom apartment: $699
Median household income: $49,368
Nearest major metro: Oklahoma City (8 miles)
Midwest City, OK homes for sale
Midwest City, OK apartments for rent

Midwest City is the third most affordable place to live in Oklahoma, with a median home sale price of $199,250. The city, home to 58,400 people, offers attractions like Town Center Plaza, Rose State College campus, and SCIP Recreational Trails for outdoor activities.

#4: Tulsa

Median home price: $242,500
Average sale price per square foot: $146
Average rent for a 1-bedroom apartment: $850
Median household income: $49,368
Nearest major metro: Oklahoma City (106 miles)
Tulsa, OK homes for sale
Tulsa, OK apartments for rent

Tulsa, the fourth city on our list, has a median home sale price of $242,500 and is home to about 413,100 residents. The city offers unique activities like Philbrook Museum of Art, Tulsa Zoo, Cain’s Ballroom, and the Gathering Place for outdoor recreation.

#5: Moore

Median home price: $246,500
Average sale price per square foot: $159
Average rent for a 1-bedroom apartment: $1,026
Median household income: $73,285
Nearest major metro: Oklahoma City (11 miles)
Moore, OK homes for sale
Moore, OK apartments for rent

Closing our list is Moore, with a median home sale price of $246,500. The city, located south of Oklahoma City, offers parks like Buck Thomas Park and Little River Park, as well as cultural attractions like the Diamond Ballroom and proximity to Will Rogers World Airport for easy travel.

Methodology: All cities considered have over 50,000 residents according to the US Census and a median home sale price below the average for Oklahoma. Data on median home sale prices and rental rates are sourced from Redfin and Rent.com, respectively, while population and income data are from the United States Census Bureau.

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