Housing Market in OKC

[Pete]

I'm sure there are plenty of people already wanting out of Austin, Dallas and Houston due to congestion alone. And Austin in particular has become crazy expensive.

[soonerguru]

Housing affordability is a major problem everywhere. Rents are going up 11% every year in OKC. Yet, OKC ranks better than 88 cities on cost of living. Still, try being a teacher or state worker and finding something affordable; it’s getting harder and harder.

We have a scarcity problem, which is worsened by international investors scooping up properties they don’t even live in.

I don’t know the answer but it is becoming unsustainable.

[chssooner]

Housing affordability is a major problem everywhere. Rents are going up 11% every year in OKC. Yet, OKC ranks better than 88 cities on cost of living. Still, try being a teacher or state worker and finding something affordable; it’s getting harder and harder.

We have a scarcity problem, which is worsened by international investors scooping up properties they don’t even live in.

I don’t know the answer but it is becoming unsustainable.

I think some places are looking to put a tax on investors buying houses. Toronto was looking at one, I know.

[josh]

I'm sure there are plenty of people already wanting out of Austin, Dallas and Houston due to congestion alone. And Austin in particular has become crazy expensive.

Yes. They are all moving to San Antonio.

Not a joke.

But also California, Colorado and Florida are big transplant states for San Antonio. The amount of license plates from those three states you see in SA is insane. Also, you see a lot of New York State license plates in the far northwest side. I can spot the yellow and black plate from a hood distance now because I see them so often now.

But San Antonio is in a good position to absorb these transplants because we have a pretty large and comprehensive highway system that is constantly being added to and expanded. Right now multiple miles of freeway are being added to four separate freeways in four different areas of the city and 3 four stack interchanges are under construction. Soon construction will start on 35 from just outside downtown to Schertz to add stacked lanes.

This map shows freeways currently under construction (orange) and planned or soon to be under construction projects (blue).



Also the new BRT system is set to start soon and that’ll improve mass transit drastically here. But the urban core is rapidly changing as well so more people are moving there and enjoying a nearly car free lifestyle.

Found this as well:

TXDOT will spend nearly 3 billion dollars to add 16 miles of elevated non-tolled lanes and HOV lanes from near downtown to Schertz as well as add lanes to the current 35 freeway

[soonerguru]

San Antonio is pretty killer.

[shartel_ave]

I grew up in San Antonio and public transportation is horrible for a city of that size. Extremely poor planning on the cities part not even planning on implementing public transit.

[josh]

I grew up in San Antonio and public transportation is horrible for a city of that size. Extremely poor planning on the cities part not even planning on implementing public transit.

You’re not wrong. Outside of the urban core, the city is very car dominant. But small improvements are being made.

[Plutonic Panda]

I was browsing Facebook and saw a beautiful house for sale I was for sure was located in Britain somewhere but turns out it’s for sale in Norman: https://www.ledger-enquirer.com/news...263733628.html

Direct Zillow link: https://www.zillow.com/homedetails/4...ource=txtshare

[aDark]

I was browsing Facebook and saw a beautiful house for sale I was for sure was located in Britain somewhere but turns out it’s for sale in Norman: https://www.ledger-enquirer.com/news...263733628.html

Direct Zillow link: https://www.zillow.com/homedetails/4...ource=txtshare

That is ugly as sin. McMansion meets Disney fairy tale meets a builder who opted to do the design work themselves.

[mugofbeer]

I was browsing Facebook and saw a beautiful house for sale I was for sure was located in Britain somewhere but turns out it’s for sale in Norman: https://www.ledger-enquirer.com/news...263733628.html

Direct Zillow link: https://www.zillow.com/homedetails/4...ource=txtshare

I've seen this house. It was built like this intentionally by the building-owner and if I recall there was a marker in front explaining the story.

[FighttheGoodFight]

The house was a couple that owned a business that is now bankrupt and they split. Going to be interesting to see if this thing ever sells. They really built it for themselves and now it is WAYYY too custom for most people to like.

[soonerguru]

LOL! That is a candidate for Zillow Gone Wild if I've ever seen one!

[oklip955]

I think its very nice for the price. I just think it should have been built on a few ac.

[Plutonic Panda]

I really like it. To each their own I guess.

[Rover]

I was browsing Facebook and saw a beautiful house for sale I was for sure was located in Britain somewhere but turns out it’s for sale in Norman: https://www.ledger-enquirer.com/news...263733628.html

Direct Zillow link: https://www.zillow.com/homedetails/4...ource=txtshare

That looks nothing like an authentic English manor. It’s more like an American meth dream of an English house.

[Plutonic Panda]

Well I guess no one liked my house haha

On another note, the market in OKC is improving for homebuyers which is nice: https://kfor.com/news/local/oklahoma...or-homebuyers/

[Jeepnokc]

Well I guess no one liked my house haha

On another note, the market in OKC is improving for homebuyers which is nice: https://kfor.com/news/local/oklahoma...or-homebuyers/

I actually like it but needs a lot of decluttering

[Urbanized]

I was browsing Facebook and saw a beautiful house for sale I was for sure was located in Britain somewhere but turns out it’s for sale in Norman: https://www.ledger-enquirer.com/news...263733628.html

Direct Zillow link: https://www.zillow.com/homedetails/4...ource=txtshare

Looks like someone’s winning streak might’ve come to an end.

[jccouger]

Well I guess no one liked my house haha

On another note, the market in OKC is improving for homebuyers which is nice: https://kfor.com/news/local/oklahoma...or-homebuyers/

Oklahomans are usually conservative and want to be cookie cutter. I think that house looks awesome.

[Plutonic Panda]

Oklahomans are usually conservative and want to be cookie cutter. I think that house looks awesome.

I did too. If I had the money I’d buy that in a heartbeat.

[Anonymous.]

There is a home in Deep Deuce that had a similar style that used to be for sale https://www.zillow.com/homedetails/6...45966146_zpid/

[aDark]

I did too. If I had the money I’d buy that in a heartbeat.

The backyard is admittedly great. I bet it sells ultimately for somewhere in the $600k-$700k range, due to the square footage. Look at the house on google maps to see the homes beside it. To say it doesn't fit the neighborhood is an understatement.

[aDark]

There is a home in Deep Deuce that had a similar style that used to be for sale https://www.zillow.com/homedetails/6...45966146_zpid/

How are these two homes comparable in any way? Drastically different styles. Different sizes. Different settings.

[Jeepnokc]

The backyard is admittedly great. I bet it sells ultimately for somewhere in the $600k-$700k range, due to the square footage. Look at the house on google maps to see the homes beside it. To say it doesn't fit the neighborhood is an understatement.

The house is 8500+ sq feet. No way it sells for less than $100 a square foot putting it at least at $850k

[aDark]

The house is 8500+ sq feet. No way it sells for less than $100 a square foot putting it at least at $850k

You are probably right. But I bet $100 a sq foot is it's ceiling. It's just too big in the neighborhood was built in. And the style is quite particular.