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Oklahoma real estate and demographic information

Top Ten Most Expensive OK Cities

Name
1 Nichols Hills
2 Valley Park
3 Edmond
4 Luther
5 Bixby
6 Grove
7 Stillwater
8 Jenks
9 Yukon
10 Broken Arrow

Oklahoma Information

Population 3,751,351

About Oklahoma

Oklahoma Lifestyle

Playing cowboys and Indians takes on a new meaning if you call Oklahoma home. Oklahoma, the 18th largest state in the nation, has more American Indian tribes then any other state in the country.

Indian heritage is part of the state's history and it current culture. From museums with old world Indian artifacts to the state's vibrant Indian-owned casinos, Oklahoma's 39 federally recognized nations' roots are deeply embedded in Oklahoma culture.

Where there are Indians there are always cowboys. Texan cowboys crossing through Oklahoma to reach the railroads of Kansas to sell beef on the East Coast realized Oklahoma would be a prime site for cattle ranching. When they weren't working, cowboys competed in rodeos, which are still part of the state's sports culture today. Oklahoma City is home to the International Finals Rodeo and the largest indoor rodeo arena in the world. Rodeos are serious competitive sports in high school and at the collegiate level in Oklahoma.

Oklahoma Real Estate

Because Oklahoma is one of the largest producers of natural gas in the nation, job growth in the state often increases as the demand for energy increases. With job growth there is an increase demand for housing. Still, because of much open land, that hasn't had a huge affect on the overall cost of the Oklahoma real estate market. Residents of Oklahoma enjoy slow real estate price growth partially, perhaps, because many experienced the drops in home values during the collapse of oil prices in the 1980s, which put a huge strain on the economy in Oklahoma. Some residents had their homes lose 30 percent of their value.

Oklahoma City, the largest city in the state, is home to Fortune 500 energy-related companies including Kerr-McGee Corp., Devon Energy Corporation, and Chesapeake Energy. The average price of real estate in Oklahoma City is lower than the average price of a home in the southern U.S. Homes in Oklahoma City averaged $125,000 in 2006, far below the $221,900 national average price tag for a home. The average sale price for real estate in Lake Hefner and Edmond, OK are both higher than Oklahoma City at $150,000 and $175,000, respectively. Tulsa, OK, the second largest city in the state, is also home to many Fortune 500 energy companies including ONEOK Inc. and Williams, part of parent company, The Willams Companies, Inc. The price for a single-family home in Tulsa was $106,600 in 2005, higher than the state average price tag of $89,100.

OK Population and Demographics

The Sooner State, as Oklahoma is called, is the 27th most populated state with approximately 3.6 million residents as of 2006. The average age of Oklahomans is 35.5 and 78 percent of the population is white, 8.1 percent American Indian and 7.7 percent black. Median household income as of 2005 is $35,966.

Oklahoma History

You can blame Oklahoma for your parking meter tickets. Don't try to fiddle with the parking meters because they were invented in Oklahoma. So was the aerosol can and the oh-so necessary shopping cart. The state capital building, constructed on top of an oil well, is a constant reminder to Oklahoma officials of how significant the energy business is to the state.

OKLAHOMA INFORMATION DETAIL
POPULATION 3,751,351
NUMBER OF HOMES AND APARTMENTS 1,405,005
OKLAHOMA HOME OWNERSHIP
% OWNER OCCUPIED 60.63%
% RENTER OCCUPIED 28.01%
% VACANT 11.36%
TYPE OF OKLAHOMA HOMES
SINGLE FAMILY DETACHED 71.36%
ROWHOUSES AND ATTACHED HOMES 2.40%
SMALL APARTMENT BUILDINGS 4.73%
COMPLEXES OF HIGH RISE APARTMENTS 10.45%
MOBILE HOMES 10.70%
OTHER 0.36%
SIZE OF OKLAHOMA HOMES
NO BEDROOM 1.75%
1 BEDROOM 11.45%
2 BEDROOMS 29.50%
3 BEDROOMS 46.17%
4 BEDROOMS 9.88%
5 OR MORE BEDROOMS 1.25%
AGE OF OKLAHOMA HOMES
NEWER HOMES (1995 OR LATER) 8.39%
ESTABLISHED, BUT NOT OLD HOMES (1970-1994) 45.72%
WELL-ESTABLISHED, OLD HOMES (1940-1969) 35.60%
HISTORIC (1939 OR BEFORE) 10.29%
OKLAHOMA REAL ESTATE INFORMATION DETAILS
MEDIAN HOME VALUE $102,164
MEDIAN RENTAL PRICE $525
HOME VALUE RANGE
$0 - $72,000 33.88%
$72,001 - $145,000 40.63%
$145,001 - $289,000 20.34%
$289,001 - $434,000 3.25%
$434,001 - $578,000 0.92%
$578,001 - $723,000 0.39%
$723,001 - $1,084,000 0.31%
$1,084,001 - $1,445,000 0.11%
> $1,445,000 0.17%
PEOPLE OF OKLAHOMA DETAILS
POPULATION DISTRIBUTION
UNDER 5 YEARS 6.81%
5 TO 17 18.99%
18 TO 24 10.35%
25 TO 34 12.95%
35 TO 54 28.54%
55 TO 64 9.15%
65 YEARS AND OVER 13.21%
EDUCATION ATTAINMENT OF ADULTS
HIGH SCHOOL GRADUATES 84.80%
COLLEGE GRADUATED 22.41%
MEDIAN HOUSEHOLD INCOME $41,861
PER CAPITA INCOME $17,646
INDIVIDUALS BELOW POVERTY LEVEL 14.72%
INDUSTRIES PEOPLE WORK IN Manufacturing (12.55%)
Retail (12.02%)
Healthcare (11.43%)
Education (9.05%)
Construction (6.94%)
Accommodation (6.17%)
Public Service (5.92%)
Other (5.56%)
Transportation (4.45%)
Professional, scientific, and technical services (4.15%)
Finance (4.04%)
Wholesale (3.42%)
Administration (3.13%)
Information Technology (2.70%)
Agriculture (2.34%)
ATTENDING COLLEGE 5.89%
RACIAL MAKEUP
WHITE 76.06%
BLACK OR AFRICAN AMERICAN 7.49%
AMERICAN INDIAN AND ALASKA NATIVE 7.73%
ASIAN 1.32%
NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS 0.05%
SOME OTHER RACE ALONE 2.46%
TWO OR MORE RACES 4.88%
HISPANIC OR LATINO (OF ANY RACE) 5.15%
ETHNICITIES PRESENT Unclassified (30.41%)
Other groups (25.02%)
United States or American (11.37%)
German (9.22%)
Irish (6.58%)
English (6.14%)
FOREIGN BORN 3.82%
LANGUAGES SPOKEN English (86.28%)
Spanish (4.09%)

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