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Karyn Seabrooke - Oklahoma Realtor®
(405) 605-6445
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Downtown Investment Property, Office, Two Bedroom Loft and Warehouse

December 8, 2020 by kseabrooke Leave a Comment

OKC Investment Property, Office, Loft and Warehouse

This multi-use building includes with Office, Warehouse and a Two Bedroom Loft. okc office

This Amazing Downtown Office building, Warehouse and 2nd story Apartment Flat is a gem to find in the heart of Downtown OKC.    Walking distance to the Midtown district, Museums, Fine Restaurants, and Scissor Tail Park.

The lower Law Office has been remodeled in 2006 and holds 3 office spaces, a conference room, copy room, 2 additional work stations, break room and 2 bathrooms. Comes with 8 marked parking and potentially 2 additional exterior parking spaces. Love to live where you work, you can, with the upstairs 2 bed 2 bath loft apt with elevator and 2 reserved interior garage parking.

The apartment has a formal living and formal dining, wonderful kitchen with an open layout. The upstairs laundry is very convenient and has an amazing outdoor patio that will allow for entertaining and or quiet get away in the heart of the city life. The attached warehouse space   is ready to be built to suit by any new owner or tenant.

Apartment is 2250sf, Law office is 2875sf and Warehouse is 2750sf.

Property is easy to show contract listing realtor 405-409-7989. 2019

Utility Costs = $4344.00 (The utility account combines, gas, water/trash and electric.)                                                 2019 Ad Valorem Taxes = $4599.00                                                                                                                                                                                                2020 Insurance for building – $5125.00                                                                                                                                              Office remodeled in 2006. Upstairs flat has fire (wet) suppression system. ZONED Commercial/Residential.            Listing Realtor related to seller

411 NW 5th ST, Oklahoma City, OK 73102

www.KeyRealtyOKC.com

405-605-6445

 

 

 

 

Yelp Ranked Top 10 Property Management Companies in OKC, We are #1

December 30, 2019 by kseabrooke Leave a Comment

We ranked #1 out of 234 Property Management Companies in Oklahoma City. Yelp.com

Best Property Management Company in Oklahoma City.  

If you are considering investment property or if you  need a proven local property management team, give Karyn a call 405-605-6445

Key Realty and Property Management
www.keyrealtyokc.com

See the entire article right here. 

Also, high marks from expertise.com

https://www.expertise.com/…/oklahoma-ci…/property-management

 

We ranked #5 out of 141 Property Management Companies in Oklahoma City.

October 29, 2019 by kseabrooke Leave a Comment

 

We ranked #5 out of 141 Property Management Companies in Oklahoma City.

Best Property Management.  Property Management Pros, keep up the good work.

If you are considering investment property or if you need a proven local property management team, give Karyn a call 405-605-6445
Key Realty and Property Management
www.keyrealtyokc.com

See the entire article right here. 

https://www.expertise.com/…/oklahoma-ci…/property-management

 

 

https://www.expertise.com/ok/oklahoma-city/property-management

Just Sold – Multi-family Investment Property for Sale in OKC

October 27, 2019 by kseabrooke Leave a Comment

Just Sold – Multi-family Investment Property for sale in OKC

Karyn starts her year off with the Sale of this elegant historical apartment property located by the OU Medical Center.
The “out of state buyer ” retained Karyn and her property management  company to continue with management of their new investment. 
If you are looking to Buy or Sell Investment Property in the OKC metro area, call Karyn. 
 
Attractive, recently remodeled Multi-family Investment Property for Sale in OKC.                                                                                                    The Chateau De Fleurs Building is for sale, located in  Lincoln Terrace.
This gem of a property features 9 historically preserved Flats. Each of which have been completely updated bringing them into the 21st Century while maintaining the charm of the early 1900’s.
New stainless steel appliances, and central heat/air. Electric panels updated and significant improvements over the past couple of years.
Situated right next to OU Medical Center, several blocks to the state capitol complex and less than one mile to downtown OKC.
Gated entry and secure off-street parking. 
This newly listed investment property is priced at only $815,000.
You can find this and other investment properties for sale here!
 


Call Karyn today for more information and to setup a viewing appointment.

 
Karyn Seabrooke
Key Realty and Property Management.
405-605-6445

Investor Alert! Strong Cash Flow – Hurry Hurry…Price $190K

February 26, 2019 by kseabrooke Leave a Comment

Investor Alert! Strong Cash Flow

Multifamily listing Wow 6 units… this won’t last at $190K. 

Two single family dwellings plus 4 garage apartments- 6 units total. This home is a 2 bed 1 bath 1 plus 2 garage apts in the back. The home next door is a 3 bed 2 bath 1 Car garage plus 2 garage apts in the back. Combined square footage for all units is 4941. Both homes have a shared drive way. Please see rent rolls and financials provided. This home has central heat and window units for a/c. All the garage apts have window units and gas wall heaters. The second home has central heat and air.

All units are rented. Homes and apts are easy to rent. This listing is being sold as-is.

Monthly Income $7,500 per month

 

 

 

Call 405-605-6445 for your showing.

 

Key Realty and Property Management

 

Thinking of Buying Investment Property?

November 30, 2018 by kseabrooke Leave a Comment

Buying Investment Property in OKC

If you are looking at Buying Investment Property in OKC – Look to the Experts at Key Realty and Property Management.

We are a Full Service Property Management Company and we can help you find the right Investment Property or if you are thinking of Selling – we have plenty of current clients looking to add to their existing portfolio.

10 Reasons To Invest In Oklahoma City Real Estate Market

Oklahoma City is home to just over 600,000 people. The metropolitan area is home to over a million people. The Oklahoma City housing market is stable to strong because it is slowly growing. The Oklahoma metro area grew from 1.25 to 1.4 million between 2010 and today. Here are 10 reasons to invest in the Oklahoma City real estate market.

1. It Is Landlord Friendly

Oklahoma in general is landlord friendly. In general, you don’t need a rental license to be a landlord in the state. There is no payment grace period law. Interest isn’t owed on deposits. Landlords can evict a tenant in Oklahoma City for failure to pay rent, criminal activity and material breaches of the lease. If the landlord wants to evict them for a breach of lease, a ten day written notice is required in which the tenant has to solve the issue. If they don’t, they can be given 15 days to leave. The only exception is criminal activity that poses a health or safety threat to tenants and those around them – you can evict someone immediately for that. This includes illegal drug activity in a the unit. Eviction can proceed five days after failing to pay the rent.

2. Steady Growth in Property Values

The Oklahoma City real estate market is bolstered by steady population growth of 1% to 2% a year, both within Oklahoma City itself and the surrounding suburbs. This keeps housing prices and rental rates going with the rate of inflation if not better. However, it doesn’t create the boom or bust cycles that risks landlords losing all their equity when a hot market cools.

3. Housing Stock Growth Is Slow

Oklahoma City is issuing building permits for single family housing slowly. New multi-family housing stock is slow to nonexistent. The Core to Shore redevelopment of downtown Oklahoma City will bring new commercial buildings to accompany the new convention center. However, this urban redevelopment plan does not include condo towers and apartment buildings that would lower demand for rental units in the surrounding area.

4. Long Term Potential

The Oklahoma City real estate market is bolstered over the long term by its excellent long term demographic trends. The median age is in the mid-thirties, several years younger than the rest of the country. A quarter of the population is under age 18, and because of the strong local economy, they don’t have to move away to find work. Expect locals to stay and raise their families here, keeping the local Oklahoma City housing market stable.

5. Affordable Housing Stock for Investors

The Oklahoma City real estate market is notable for how affordable real estate is. The median value of an owner-occupied home according to the Census was $143,000 as of 2016. In 2018, the media value was $155,000. Despite this price appreciation, you can buy single family homes to rent out at a fraction of the cost of a California condo.

6. A Fairly Large Pool of Potential Renters

Kiplinger gave Oklahoma City a 3 for affordability by first time home buyers. The median household income is around $50,000. This means that there is a moderately large minority of residents who cannot afford to buy a home despite the relatively low cost of real estate.

7. Good Rental Rates

According to Census.gov, the median gross rent between 2012 and 2016 in Oklahoma City was around $800. However, the rental rate depends on where you live and how large the place is. For example, a one bedroom apartment in downtown costs around $800 a month to rent whereas you’d pay about $600 a month in the suburbs. A three bedroom apartment in the suburb costs $1000-$1100 per month, whereas you’d pay $1300 or more per month for a three bedroom apartment. Many residents would pay this amount or a little more to rent a single family home, while the mortgage and property taxes on the property would let the landlord clear several hundred dollars a month.

8. Overall Market Stability

We touched on the topic of not wanting to end up buying at the peak of a housing bubble before the collapse. For those who want to know their investment will retain its value, you’ll appreciate knowing that Oklahoma City is one of the least volatile housing markets in the country. The FHFA home price index only showed year over year declines in four quarters between 2011 and 2016. While these years aren’t the worst for real estate (see the 2007-2008 housing collapse), they reflect a large part of the Obama recession where housing fluctuated wildly before beginning to recover.

9. A Large Student Population

Oklahoma City is notable for the relatively large number of colleges and universities in the area. There are five public universities in Oklahoma City and its suburbs. There are fifteen more private universities in and around the city. If you want to invest in the Oklahoma City housing market while catering to students, this diversity is a plus because the value of the housing isn’t tied to the rise and fall of one particular university.

10. It Is Better Than Tulsa in General

We think the Oklahoma City real estate market is a better choice for real estate investors than neighboring Tulsa for several reasons. Tulsa keeps showing up in lists for first time home buyers because it is more affordable than Oklahoma City. That means there are fewer potential renters who would pay well to rent a good single family home or apartment. Tulsa has twice the population density. That makes single family homes for rent more expensive and harder to find for potential landlords. The smaller average household size in Tulsa reduces the share of the population that wants to rent a larger residence, as well. Oklahoma City has a slightly lower cost of living than Tulsa, as well, attracting more residents from out of state and improving profit margins for property owners.

Source  http://www.noradarealestate.com/blog/oklahoma-city-real-estate-market/

Call Tom or Karyn at Key Realty and Property Management today…   405-605-6445

Looking to Buy or Sell Investment Property? Needing a good Property Management Company? Look no further than Key Realty and Property Management 405-605-6445 or text to 405-409-7779   https://www.keyrealtyokc.com #propertymanagement #okcrentals #corporatehousing #investmentproperties Key Realty

Best Large Cities to Start a Business – Oklahoma City ranks #1 

May 4, 2018 by kseabrooke Leave a Comment

Oklahoma City ranks #1 

Source Wallethub.com

Best Large Cities to Start a Business – Oklahoma City ranks #1 

This makes Oklahoma City an Excellent Market to purchase your Investment Property. 

Americans are born with an entrepreneurial streak. It’s in our DNA. From the Gold Rush to the Industrial Revolution to the Internet Age, intense periods of innovation have molded our economy and sparked important societal advancements.

Today, more than 15 million people in the U.S., or about 10 percent of the labor force, work for themselves. And there is always room in the market for new ideas, products, services and multi-million-dollar success stories — if one knows where to look.

In order to help aspiring entrepreneurs — from restaurant owners to high-tech movers and shakers — maximize their chances for long-term prosperity, WalletHub compared the relative startup opportunities that exist in more than 180 U.S. cities. We did so using 19 key metrics, ranging from five-year business-survival rate to office-space affordability. Check out our findings, additional expert commentary and a detailed methodology below.

For a breakdown of smaller markets, check out WalletHub’s  Best Small Cities to Start a Business ranking.

Call us today for your Real Estate Investment Property.

Key Realty and Property Management  405-605-6445

 

 

FESTIVAL OF THE ARTS – APRIL 24 – 29, 2018 | BICENTENNIAL PARK, DOWNTOWN OKC

April 20, 2018 by kseabrooke Leave a Comment

FESTIVAL OF THE ARTS 

APRIL 24 – 29, 2018 | BICENTENNIAL PARK, DOWNTOWN OKC

Festival of the Arts takes place at Bicentennial Park in downtown Oklahoma City.  The event stretches from Lee Ave east to City Hall, and from Colcord north to Couch Drive, with 750,000 Festival attendees! Come explore and be part of an OKC tradition! 

Festival is open from Tuesday-Saturday, 11 a.m.–9 p.m., and Sunday from 11 a.m. –6 p.m.—rain or shine!

TRAVELING TO THE FESTIVAL

Getting to the Festival is easy.  To see a Google map, click HERE.  To see a list of downtown parking options, click HERE. From I-40, take the Downtown/Shields exit.  The Festival is located in Bicentennial Park, on Walker between Colcord and Couch, and on the City Hall lawn. When traveling to the festival please note that Walker will be closed between Colcord and Couch Drive.

PARKING

Parking will be available in the Arts District Garage located just south of City Hall, as well as the lot located at 444 West Reno.                        A Chesapeake Energy CNG shuttle will pick up passengers at the parking lot every fifteen minutes from 10 a.m. to 10 p.m. daily during the festival. This lot is paid parking.

Paid parking is available in lots and garages located throughout downtown Oklahoma City. There is also limited street parking located around the perimeter of the event. Please visit www.parkingokc.com to see a list of available lots.

Source – Arts Council Oklahoma City 

Key Realty and Property Management

405-605-6445

Interested in Real Estate Investment Property?

February 19, 2018 by kseabrooke Leave a Comment

WHY OKLAHOMA CITY MAKES ONE OF THE GREAT REAL ESTATE INVESTMENT MARKETS TODAY

Oklahoma City, OK is one of the GREAT real estate investment markets right now. With sustainable growth and cash flow, it is a top pick for  real estate investment and investors! Check out the Oklahoma City turnkey investment properties on our website or give us a call, but FIRST, read why this is such a great Investment Market!Key Realty and Property ManagementIf you could design the perfect cash flow market, what would you want? –

Long term sustainable returns, both cash Flow and Capital Growth (appreciation)  Oklahoma City has the attributes that seasoned investors are looking for in a real estate investment.

  • High rents compared to purchase prices
  • High demand for rental units with low vacancies
  • Easy and fast eviction laws
  • High incomes relative to home prices
  • Low unemployment
  • Great school systems
  • Undervalued market
  • Baby boomer appeal
  • Local government with a 15 year growth initiative (in full swing and effective)
  • Lowest unemployment (for cities over 1 million population) 3.5% (Forbes)
  • 2nd best place to start a small business ( Business Journal)
  • 5th best city to retire in (AARP)
  • 7th best boomtown / population growth (Bloomberg)
  • 17th fastest growing city in the country (Forbes)

OKLAHOMA CITY IS A REAL ESTATE INVESTMENT MARKET THAT OFFERS VIRTUALLY ALL OF THE FIVE WEALTH BUILDING PRINCIPALS

Oklahoma city market reflects the I.D.E.A.L. investment as it can will will provide:

  • Income: from positive cash flow
  • Deductions: reduced tax liabilities are money in your pocket
  • Equity: Tenants’ paying down your mortgage increases your return at sale
  • Appreciation: the economy in this emerging market is poised to maximize your appreciation (this is where wealth is created)
  • Leverage: financing will be available for our foreign and domestic investors allowing you to make money off of borrowed money (O.P.M.)

Your strongest most sustainable markets are those markets that have forward thinking city initiatives with plans for strategic growth. Oklahoma city has done their diligence and has captured the spirit of economic growth in this set of 3 (Oklahoma City 5 year initiative plan).

You got to love forward thinking long term visionaries and Oklahoma City has definitely done their homework. They created the 5 year initiative and all you have to do is tour the city and see the growth this proud city is experiencing.

WOULD LIKE TO FIND OUT MORE ABOUT THE OKLAHOMA CITY MARKET?

Call Tom or Karyn at Key Realty and Property Management – 20+ years as Property Owners and Property Managers for over 80 clients.

tom@keyrealtyokc.com

karyn@keyrealtyokc.com

405-605-6445  

Afraid of a Bubble? Buy Without Fear in These Top 10 Stable, Growing Markets

July 26, 2017 by kseabrooke Leave a Comment

Key Realty and Property Management

Special Thanks to  http://cherylcorealestate.com/

Today’s rapidly skyrocketing home prices are making more than a few people nervous.

After all, it was only about a decade ago that the U.S. real estate market bubble burst, and millions of Americans lost their homes (and for many, life savings). And, as most of us recall all too well, plenty of others found themselves underwater on their mortgages, owing more than the homes were worth. But then came … the recovery. God bless the recovery! The housing market and economy have come roaring back. Some markets, in fact, are booming to historic levels.

So let us put you at ease: What goes up doesn’t have to come crashing down. As we’ve said before, record-high prices alone do not make a bubble. Still, if playing it safe is your top priority, we’ve got you covered. Our data team at realtor.com® set out to find the real estate markets that are least likely to pop if the country heads toward another recession—metros where home prices are still rising at a healthy (versus dizzying) pace.

We also only included markets where the supply of homes for sale is still large enough that buyers are unlikely to be pulled into costly bidding wars.

“These are the Goldilocks of today’s housing market,” says Javier Vivas, manager of economic research for realtor.com. “Not too hot, and not too cold, these markets present the right balance of housing and economic conditions for buying and selling activity to evolve naturally.”

Of course, no market is completely bulletproof against another financial crisis. But these cities, with their strong and diversified industries, come pretty darn close. Plus, steadily rising price appreciation means that they’re likely to be solid investments for the long haul. And slow and steady wins the race, right?

“They have rising demand, and the corresponding supply to quench it,” Vivas says. “And they’re all relatively smaller metros, often with large nearby siblings eating up any potential irrational growth, which keeps them from overheating.”

To identify the 10 metros where you can buy a home and rest easy about it, we compared the 150 largest U.S. housing markets, using nine key metrics:

  • Positive (but not out-of-control) price appreciation of between 4% and 12% in 2016
  • An ample supply of homes for sale (between three and seven months available)
  • Affordability, measured by the percentage of income needed to buy a home
  • New home construction recovered from the recession
  • Median number of days homes are on the market (the lower the better)
  • Foreclosure rate
  • Percentage of homes underwater
  • Percentage of homes with price reduction (yep: Lower is better)
  • Low unemployment rate

Got it? So stay calm, get comfortable, and take a tour through our list of America’s most rock-steady markets.

  1. Fort Collins, COMedian home price: $376,000

    Annual price growth: 7%

    Colorado State University and a robust high-tech scene, which includes Hewlett-Packard and Intel, contribute to an enviable unemployment rate of 2.9% in this city of 160,000, the state’s fourth biggest. Fort Collins also has a third line of defense against economic downturns: the beer industry. It is home to a major Anheuser-Busch facility and 22 craft breweries—and as the Prohibitionists found, the alcohol industry is awfully tough to kill.

    “Largely due to its diverse economy, the Fort Collins market has been extremely stable,” says Realtor Larry Kendall of the Group. “During the recession, our home prices didn’t fall nearly as much as the rest of the country.”

    Fort Collins is also very affordable—at least by Colorado standards. The median home price is about 25% less than in Denver and 40% less than in Boulder, CO, both of which are about an hour away.

    Housing highlight: The city is home to River Rock Commons, a progressive cohousing development of nearly three dozen single-family homes set up around a common house, where residents can prepare communal meals they can enjoy with one another. Togetherness rules.

  2. Madison, WIMedian home price: $272,500

    Annual price growth: 10%

    The University of Wisconsin infuses Madison with a young, hip, and relentlessly energetic vibe. That feeds directly into the ultra-walkable downtown lined with cafés and restaurants. But if that’s not your scene, residents can take advantage of the miles of hiking and biking trails along idyllic lake shores.

    Homeowners here also have a low risk of foreclosure. Only 28 homes were shuttered in the last quarter of 2016, representing less than 2% of all home sales.

    “That’s because we have a solid economy, with very few layoffs,” says realtor Alex Saloutos of First Weber Realtors. “Coming off the last recession, buyers are also much more cautious. They don’t max out their [debt-to-income] ratio.”

    The University of Wisconsin is the area’s largest employer, but there are also jobs to be had with companies like health care software maker Epic Systems and insurance provider Wisconsin Physicians Service.

    Housing highlight: Wisconsin state Rep. Melissa Sargent, who hails from Madison, recently proposed a law that would increase the number of “sober housing” developments in the state, intended for drug addicts and alcoholics in recovery.

  3. Durham, NCMedian home price: $320,000

    Annual price growth: 10%

    Top schools like Duke and the University of North Carolina at Chapel Hill supply a steady stream of talent to Durham’s thriving health care and research industries.

    Research Triangle Park, aka “Smartsville, USA,” is one of the world’s largest research centers. More than 200 high-tech companies, including IBM and Cisco, operate there. Throw a rock, and you might hit a Nobel Prize-winning scientist or inventor of the next life-altering tech startup. (But don’t throw rocks, please.)

    “People are starting to notice Durham,” says Courtney James, owner of Urban Durham Realty. “It’s a relatively affordable market for young people graduating from universities and creating their own startups. This is a young city, full of creative energy.”

    Housing highlight: When living in traditional homes gets boring, Durham residents can move into tobacco mills converted into awesome lofts with 22-foot ceilings at the Apartments at American Tobacco.

  4. Honolulu, HIMedian home price: $649,500

    Annual price growth: 9%

    How the heck did gorgeous, universally desired Honolulu wind up on this list? Affordability clearly isn’t the Hawaiian capital’s greatest asset, but high rankings across all of our other metrics make it a surprisingly stable market. The Polynesian paradise has an extremely low foreclosure rate (2%), very few underwater homes (4%), and a jealousy-inducing unemployment rate (2.8%).

    And, hey, who doesn’t love crashing waves, lush palm trees, and sun-drenched beaches? Those lures, which draw legions of tourists from all over the world, helped to insulate the city—for the most part—from the last recession.

    “We have a well-balanced combination of mainland and international buyers, which cushioned us through the last mortgage meltdown,” says Khai Tran, a real estate agent with Coldwell Banker Pacific Properties.

    Housing highlight: There’s a push to bring back the traditional Polynesian hale homes in Hawaii, as a way to create more affordable housing for the state’s low-income and homeless residents. The thatched homes are typically made of local trees and plants.

  5. Greenville, SCMedian home price: $234,000

    Annual price growth: 10%

    Greenville strikes a remarkable balance between economic diversity (aka a variety of jobs) and a high quality of life. The city has no shortage of large companies with local operations, like the multinational conglomerate 3M, General Electric, and Michelin, which is drawing younger and older workers alike. Yet, it still serves up an affordable cost of living, with a revitalized downtown filled with cool restaurants and bars, art galleries, and boutiques lining the popular Falls Park, and yep, even a craft distillery.

    Realtor Lindsay Saunders, of Greenville Home Girls, says the majority of her clients are younger professionals relocating to Greenville thanks to corporate job opportunities and the city’s affordability.

    “They sold their homes in big cities like Charlotte and Atlanta, come here, buy a home, and live comfortably with the rest of their savings,” Saunders says.

    Bucking the national trend, Greenville does not suffer from the problem of having too few homes for sale. That’s due to a building boom that’s reshaping the city.

    Housing highlight: Completed in 2004, the beautiful 345-foot Liberty Bridge in Falls Park holds 1,300 people at a time, supported by a single suspension cable. The stunning downtown view is just a bonus.

  6. Ann Arbor, MI
    Median home price: $286,000Annual price growth: 10%

    The University of Michigan is a huge economic and cultural force here. Benefiting from a highly skilled workforce, Ann Arbor has thriving technology and health care communities, including Trinity Health and University of Michigan Medical Center.

    Deb Odom Stern, an associate broker at Charles Reinhart Realtors, says she has never worked with any sellers who are “moving away from Ann Arbor because they lost their jobs.” The majority of her clients are out-of-towners relocating to Ann Arbor for work.

    In the off-hours, there are plenty of things to do. Michigan Stadium, the country’s largest stadium, is packed with Wolverine fans during University of Michigan games. In addition to museums and performing art centers, Ann Arbor—which some people consider the city with the most educated population in the United States—has a reservoir of independent bookstores.

    Housing highlight: Ann Arbor is dotted with “fairy doors,” unique and exquisitely detailed tiny entrances set into walls around town. Many of them open onto miniature rooms. Cute, huh?

  7. Manchester, NHMedian home price: $293,500

    Annual price growth: 9%

    With colorful foliage, Colonial-style homes, and the occasional moose, Manchester conjures up a bucolic Northeastern mise en scènethat’s becoming increasingly rare. Just an hour’s drive north of Boston, Manchester is a commutable destination for home buyers fleeing the ridiculously competitive big-city market. Its median home price is only two-thirds of what they would pay in Boston.

    A longtime manufacturing center, New Hampshire’s largest city has made big strides in exploring new industries. The downtown has an emerging high-tech hub, including a revitalized mill building serving as a startup incubator with a catchy name: Silicon Millyard. And Manchester’s unemployment rate of 3% is among the country’s lowest.

    “A lot of millennials [have been] moving into the downtown area in the past several years,” says local real estate agent Moe Archambault, owner of Moe Marketing Realty Group. Obviously, he says, the draw is “job availability—the Silicon Valley type of employment.”

    Housing highlight: Comedian Adam Sandler grew up in Manchester, and never lets his fans forget it. “Grown-Ups 2” prominently featured Manchester’s iconic diner Red Arrow—recreated on location in nearby Marblehead, MA.

  8. Salem, ORMedian home price: $283,000

    Annual price growth: 11%

    As the state capital of Oregon, Salem brims with state and federal employees. Surrounded by picturesque countryside, Salem is a regional hub for agribusinesses—including Kettle Foods, maker of dangerously addictive potato chips—and a booming renewable energy sector.

    And home prices are only two-thirds of what they are in pricey hipster Portland, just an hour away.

    Education is a big plus for Salem, too. The Salem-Keizer School District is the second-largest school district in Oregon, with 65 schools and about 41,000 students.

    A solid economy helps to buoy Salem’s housing market. Just 13% of homes in Salem had price reductions in 2016, among the lowest in our study.

    Housing highlight: Salem is smack-dab in the middle of Oregon’s wine country, and you can even live in a winery—Ankeny Vineyard is currently on the market at only $895,000.

  9. Oklahoma City, OKMedian home price: $219,000

    Annual price growth: 7%

    The capital of Oklahoma has more going on than tornadoes. The city is home to the most rabidly loyal fan base in the NBA, and more rodeo festivals than you’ll ever have time to attend. Most importantly, with such an affordable median home price, buyers can realize their dream of a spacious home with a backyard for the kids.

    Oklahoma City is also A-OK when it comes to dealing with recessions. It was the big city the least affected by economic downturns between 1990 and 2015. according to a study in the Journal of Urban Economics.

    The recent oil slump did have some impact here. But so far, home prices have been holding up. Prices went up 7% last year, down from 11% in the previous year, but much more than in other oil-dependent cities, such as Midland, TX (-7%), and Bismarck, ND (-7%).

    That’s partly due to a diverse economy of oil and gas, state government, and the Tinker Air Force Base, which help to safeguard it against economic volatility.

    Housing highlight: Oklahoma City’s most expensive home on the market comes with a private pond and an awesome grotto. A steal at $4.75 million.

  10. San Antonio, TXMedian home price: $276,000

    Annual price growth: 5%

    Dubbed “Military City, USA,” San Antonio is home to four major military bases, which supply more than 80,000 jobs. The city is blessed with strong bioscience and health care industries, which employ 1 out of every 6 San Antonians.

    The city also has attractions like the bustling River Walk, the tourist fave Alamo, and lots of picturesque Greek Revival historic homes downtown.The city’s old-world charm attracts not just tourists, but residents who bond over tacos.

    To meet the housing demand, new condos have been popping up all over the metro.The good news: San Antonio still has room to grow! At a whopping 461 square miles, it ranks as the ninth-largest city by area in the contiguous United States.

    Housing highlight: King William Historic District, a historical neighborhood with beautiful Victorian-style homes, dates to the 1790s and is San Antonio’s first suburb.

Yuqing Pan, a Stanford graduate with a multimedia journalism background, writes data-driven stories for realtor.com.
Follow @YuqingPan

Call Karyn with Key Realty and Property Management to start or add to your OKC Investment Properties Portfolio. 

405-605-6445

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Key Realty and Property Management LLC

4415 N Classen Blvd, Oklahoma City OK 73118

(405) 605-6445 Office | (405) 605-6440 Fax
Contact Karyn

Karyn Seabrooke

Key Realty and Property Management is a full service real estate company specializing in residential, commercial, investment real estate and offers professional property management. Karyn has been involved in property ownership, management, and real estate development in Oklahoma City since 1994. Meet Karyn Seabrooke
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