Top City Searches in Oklahoma
Oklahoma: The Sooner State
Oklahoma has an estimated population of 3,963,516 residents. Its capital and most populous city is Oklahoma City.
Oklahoma has a thriving arts and culture scene. There are several museums in the state, such as the Sam Noble Museum, the Philbrook Museum of Art, the Mabee-Gerrer Museum of Art, and the Oklahoma City Museum of Art. The Tulsa Ballet, the Oklahoma City Ballet, the Lyric Theatre of Oklahoma, and Theatre Tulsa are just some of the performing arts companies based here.
Additionally, Oklahoma hosts a wide variety of festivals and events throughout the year. Some of these include the State Fair of Oklahoma, the Tulsa State Fair, and the Norman Music Festival. Other attractions include the National Cowboy & Western Heritage Museum, the Oklahoma City Zoo, and the Myriad Botanical Gardens.
Colleges and universities located in the state include the University of Oklahoma, the University of Central Oklahoma, Oklahoma State University, the University of Tulsa, and Northeastern State University. Sports also play a significant role in the culture of Oklahoma, particularly when it comes to basketball. It is home to the Oklahoma City Thunder of the NBA, the state’s only major sports team.
Examining Oklahoma's Rental Market
Rental properties are abundant in Oklahoma. The point of entry for its rental market is rather low, with affordable housing and a large pool of renters. The
median sale price for a home in the Sooner State is $219,000, representing a 7.9% year-over-year change. As for its renter population, 34.4% of the residents in Oklahoma rent their homes.
Image via towncharts.com
In 2019, the median rent was $814. This is understandably lower than other states since the cost of living in Oklahoma is also lower. Still, 2019 marked an increase in rent from 2017 and the years before that.
Image via deptofnumbers.com
When it comes to vacancies, though, Oklahoma doesn't boast attractive numbers. In 2019, the national vacancy rate was 5.97%, while the state vacancy rate was a whopping 8%. Nevertheless, this was an improvement from the previous year's 8.47%.
Oklahoma is also a largely landlord-friendly state. Landlords have a wider authority to increase rental prices and evict tenants. There are also limited requirements for maintenance and security deposit distribution.
How Oklahoma Property Management Services Can Help
There is no denying that Oklahoma has an appealing rental market. The Sooner State draws in many new residents looking for homes to rent, making it a profitable investment destination for property investors. However, purchasing a rental home is vastly different from managing one.
As a rental property owner, you need to fulfill a wide array of duties. You have to do everything from finding and screening tenants to addressing their concerns. For someone with little to no time or experience, property management can definitely be exhausting. If you can't manage it alone, an Oklahoma rental management company can step in.
A professional company can save you the trouble of rental property management. What can a rental management company do for you?
- Advertise your listing
- Find you tenants
- Screen potential tenants
- Show the property to applicants
- Draw up lease agreements
- Enforce lease terms
- Set and collect rent
- Maintain the property
- Make necessary repairs
- Answer tenant concerns
- Process evictions if needed
- And more!
Find Property Management in Oklahoma
Are you a property owner or landlord in Oklahoma and looking for someone to lighten your load? Rental Choice is a great place to start your search. Property owners all over the country use our online directory to find a property management company that fits their needs. Start using it yourself today!
Service Award
Company
