Suppose real estate is the most significant investment a majority of people make in their lifetime. In that case, it’s best to understand the places in Oklahoma with best potential return on investment.
After working in real estate adjacent roles for over a decade, I had the hypothesis that the best place to buy for a return on investment would be up-and-coming cities. Smaller cities where crime might be high now, but people still move to.
To test my hypothesis, we are going to look at places in Oklahoma that are growing faster than average, but where home prices are below average, and crime rates are higher than average.
In everyday terms, these might be “deals”. The best deal in Oklahoma at the moment according to Saturday Night Science? That would be Sayre.
Table Of Contents: Top Ten | Methodology | Summary | Table
The 10 Best Places To Buy A Home In Oklahoma For 2024
The methodology that wen’t into this can be a bit complicated, so we’ll break it down for you in as much detail as we can below.
For more Oklahoma reading:
- Best Counties To Live In Oklahoma
- Best Places To Raise A Family In Oklahoma
- Best Places To Retire In Oklahoma
The 10 Best Cities To Buy A House In Oklahoma For 2024
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Population: 5,025
Median Home Price: $141,396
Population Change: 0.9%
Home Price Change: 3.0%
More on Sulphur: Data | Crime | Cost Of Living | Real Estate
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Population: 5,020
Median Home Price: $93,771
Population Change: -0.7%
Home Price Change: 6.8%
More on Alva: Data | Crime | Cost Of Living | Real Estate
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Population: 5,026
Median Home Price: $209,364
Population Change: 0.8%
Home Price Change: 2.3%
More on Lone Grove: Data | Crime | Cost Of Living | Real Estate
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Population: 5,178
Median Home Price: $101,969
Population Change: 0.6%
Home Price Change: -2.6%
More on Hugo: Data | Crime | Cost Of Living | Real Estate
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Population: 5,207
Median Home Price: $148,143
Population Change: -0.8%
Home Price Change: 2.7%
More on Vinita: Data | Crime | Cost Of Living | Real Estate
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Population: 5,639
Median Home Price: $95,811
Population Change: -0.5%
Home Price Change: 2.2%
More on Henryetta: Data | Crime | Cost Of Living | Real Estate
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Population: 5,900
Median Home Price: $51,182
Population Change: 2.6%
Home Price Change: -4.7%
More on Holdenville: Data | Crime | Cost Of Living | Real Estate
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Population: 6,031
Median Home Price: $126,578
Population Change: 0.0%
Home Price Change: 5.1%
More on Pauls Valley: Data | Crime | Cost Of Living | Real Estate
Methodology: How do you determine the best places to buy a home in Oklahoma for 2024?
We were in real estate for almost five years and have worked on this site for another 9. Suffice it to say we’ve put a lot of thought into finding an excellent place to buy a home.
So all that thinking has come to this moment where we get to spell out how we’d approach finding an up-and-coming place to live in Oklahoma. Put differently, the analysis will try to find places in Oklahoma with undervalued homes relative to pent-up demand using Saturday Night Science.
To do that, we looked at the most recent American Community Survey Census data for 2018-2022 and compared it to the previous vintage. Specifically, we used the following criteria:
- Y-o-Y Change In Population (People want to live here)
- Y-o-Y Change In Median Home Prices (People are willing to pay for it)
- Home Prices Relative To The State Average (It’s still kinda cheap)
We want places that are growing, have seen home prices increase in recent years, and are still “cheap” for Oklahoma with the following caveats:
- Home prices had to be within 20% of the state average (Much lower than that, and you get to some of the more dangerous places)
- Home prices increased in the last year, and
- Above 5,000 people (Bigger cities have more data points)
So of the 0 cities and towns in Oklahoma, only 76 places made it through our initial filters to even be considered.
We then ranked each place from 1 to 76 for the above criteria, with 1 being the best. We averaged the rankings to create a “best place to buy” index, with the place having the lowest index being the best.
Turns out that Sayre is the best potential gem in the not-so-rough in the Sooner State.
Summary: The Best Places To Purchase A House In Oklahoma for 2024
There’s our analysis of the best places to buy a house in Oklahoma. And, to be clear, we aren’t necessarily saying these places are the best places to live, just that it looks like they might be in a couple of years based on the data.
In fact, every place in the following table meets our criteria, so even though it may not look super long, remember we started off with all 0 places in the state.
The best cities to buy a house in Oklahoma are Sayre, Verdigris, Sulphur, Alva, Lone Grove, Hugo, Vinita, Henryetta, Holdenville, and Pauls Valley.
So if we’d could rent or buy in these cities, we’d definitely buy.
For more Oklahoma reading, check out:
Best Places To Buy A Home In Oklahoma
| Rank | City | Population | Median Home Price | Population Change | Home Price Increase |
|---|---|---|---|---|---|
| 1 | Sayre | 5,459 | $103,167 | 12.8% | 5.2% |
| 2 | Verdigris | 5,308 | $232,151 | 2.3% | 3.9% |
| 3 | Sulphur | 5,025 | $141,396 | 0.9% | 3.0% |
| 4 | Alva | 5,020 | $93,771 | -0.7% | 6.8% |
| 5 | Lone Grove | 5,026 | $209,364 | 0.8% | 2.3% |
| 6 | Hugo | 5,178 | $101,969 | 0.6% | -2.6% |
| 7 | Vinita | 5,207 | $148,143 | -0.8% | 2.7% |
| 8 | Henryetta | 5,639 | $95,811 | -0.5% | 2.2% |
| 9 | Holdenville | 5,900 | $51,182 | 2.6% | -4.7% |
| 10 | Pauls Valley | 6,031 | $126,578 | 0.0% | 5.1% |
| 11 | Harrah | 6,259 | $224,969 | 1.7% | 2.8% |
| 12 | Purcell | 6,632 | $214,329 | 1.9% | 7.6% |
| 13 | Anadarko | 5,723 | $57,486 | -7.4% | -6.8% |
| 14 | Blackwell | 6,132 | $56,852 | -1.0% | 1.5% |
| 15 | Tecumseh | 6,326 | $119,271 | -0.5% | 3.9% |
| 16 | Idabel | 6,994 | $118,740 | 0.7% | -3.4% |
| 17 | Noble | 7,168 | $184,737 | 1.3% | 5.7% |
| 18 | Grove | 7,012 | $265,341 | 1.6% | 0.7% |
| 19 | Collinsville | 8,073 | $261,886 | 4.0% | 3.2% |
| 20 | Seminole | 7,144 | $109,289 | 0.2% | 3.0% |
| 21 | Tuttle | 7,533 | $299,487 | 1.6% | 2.6% |
| 22 | Cushing | 8,336 | $112,267 | 1.6% | -0.4% |
| 23 | Catoosa | 7,680 | $195,064 | -1.8% | 5.1% |
| 24 | Piedmont | 7,629 | $317,037 | 4.4% | 4.3% |
| 25 | Blanchard | 8,708 | $285,528 | 2.3% | 4.8% |
| 26 | Sallisaw | 8,524 | $163,587 | 0.2% | 2.2% |
| 27 | Poteau | 8,852 | $163,978 | 1.3% | -0.6% |
| 28 | Wagoner | 7,813 | $161,103 | 1.5% | -2.4% |
| 29 | Clinton | 8,499 | $97,279 | -1.3% | 8.5% |
| 30 | Pryor Creek | 9,480 | $156,510 | 0.4% | 4.1% |
| 31 | The Village | 9,479 | $200,198 | -0.3% | 6.0% |
| 32 | Coweta | 9,903 | $246,248 | 2.1% | 1.9% |
| 33 | Warr Acres | 10,424 | $170,961 | -0.2% | 4.8% |
| 34 | Newcastle | 11,508 | $283,796 | 4.9% | 1.8% |
| 35 | Guthrie | 10,872 | $218,592 | 1.0% | -2.2% |
| 36 | Guymon | 12,743 | $149,979 | -0.5% | -5.9% |
| 37 | Elk City | 11,494 | $150,381 | -2.1% | 1.7% |
| 38 | Okmulgee | 11,366 | $92,537 | 0.3% | 2.9% |
| 39 | Weatherford | 11,999 | $203,753 | -0.3% | 7.5% |
| 40 | Woodward | 12,067 | $123,155 | -1.5% | 3.4% |
| 41 | Choctaw | 12,154 | $281,479 | 0.2% | 3.2% |
| 42 | Miami | 12,995 | $105,612 | -0.0% | -0.1% |
| 43 | Glenpool | 13,683 | $222,664 | 1.8% | 4.2% |
| 44 | Chickasha | 16,231 | $126,753 | 3.7% | 3.9% |
| 45 | Tahlequah | 16,389 | $179,457 | 1.1% | 3.9% |
| 46 | Ada | 16,537 | $165,138 | -1.6% | 0.6% |
| 47 | Mcalester | 18,110 | $142,233 | -0.6% | 1.8% |
| 48 | Durant | 18,759 | $220,092 | 2.2% | 1.2% |
| 49 | Altus | 18,711 | $86,441 | -0.6% | 3.0% |
| 50 | Claremore | 19,724 | $245,916 | 2.9% | 3.9% |
| 51 | Bethany | 20,620 | $169,487 | 0.4% | 4.5% |
| 52 | El Reno | 17,474 | $158,475 | 1.8% | 6.0% |
| 53 | Sand Springs | 19,925 | $212,949 | -0.1% | 1.4% |
| 54 | Sapulpa | 22,030 | $183,005 | 0.8% | -0.5% |
| 55 | Del City | 21,682 | $129,919 | -0.4% | 3.3% |
| 56 | Mustang | 20,518 | $264,097 | 3.4% | 4.2% |
| 57 | Duncan | 22,759 | $113,467 | 0.4% | 4.6% |
| 58 | Jenks | 25,872 | $325,075 | 2.6% | 0.8% |
| 59 | Ponca City | 24,441 | $119,659 | -0.2% | -1.7% |
| 60 | Ardmore | 24,784 | $139,851 | -0.2% | 2.6% |
| 61 | Bixby | 28,731 | $306,678 | 2.3% | 1.1% |
| 62 | Yukon | 24,198 | $255,618 | 2.1% | 4.3% |
| 63 | Shawnee | 31,391 | $141,120 | 0.5% | 3.1% |
| 64 | Owasso | 38,134 | $294,323 | 1.5% | 2.3% |
| 65 | Bartlesville | 37,314 | $166,447 | 0.6% | 2.7% |
| 66 | Muskogee | 36,933 | $123,006 | -0.8% | 3.1% |
| 67 | Enid | 50,961 | $116,791 | -0.3% | 4.3% |
| 68 | Stillwater | 48,644 | $233,737 | 1.2% | 3.3% |
| 69 | Midwest City | 58,124 | $158,404 | -0.0% | 3.8% |
| 70 | Moore | 62,685 | $207,451 | 0.1% | 3.1% |
| 71 | Edmond | 94,503 | $334,356 | 1.0% | 1.9% |
| 72 | Lawton | 91,023 | $121,696 | -0.2% | 2.1% |
| 73 | Broken Arrow | 114,237 | $265,688 | 1.3% | 1.4% |
| 74 | Norman | 127,701 | $241,585 | 1.6% | 3.7% |
| 75 | Tulsa | 411,938 | $192,607 | 0.3% | 3.2% |
| 76 | Oklahoma City | 681,088 | $195,449 | 1.2% | 3.8% |
