Is Buying Better than Renting in OKC?

Is renting better than buying a house?It’s an age-old question, right?

In our great city, the numbers have traditionally worked well in favor of buying a home, rather than renting. So, it only makes sense that this is truer than any time in recent history, considering these factors:

  • Interest rates are at historical lows, meaning that you can buy more house for your money now than you could before.
  • Home prices in some areas of our metro have leveled off, or even softened, meaning that you can buy many homes cheaper today than you could have just a couple of years ago.
  • Rents have risen over the past couple of years, as a result of higher demand, thanks to tighter lending guidelines which have kept more people from the ability to obtain a mortgage.

In fact, CNN Money considers Oklahoma City one of the Top 5 metro areas where buying a home is a better deal than renting. While owning a home isn’t for everyone, for various personal reasons, it’s certainly something to consider, especially in today’s real estate market.

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Ryan Hukill About Ryan Hukill

I'm the founder and creative Firestarter behind the ShowMeOKC Team. I love this great city and all that's going on here, and really love showing it off and helping to break the age-old stereotypes.

I married up, am Dad to 5, friend to many, motorcycle-junkie, traveler, camper, jeeper, OU & OKC Thunder fanatic, and love a great steak, a great cup of coffee, and great techie things.