Around the Nation -- Residential Real Estate Update - Oklahoma
By Jeff Adolph
State-by-state
Situated in the South Central region of the U.S.A, this state is ranked as the 27th largest by population with 3,450,654 people residing in this region.
This states economy relies heavily on aviation, energy, transportation equipment, food processing, electronics and telecommunications.
Income in this state ranges between .5-5.65%, and sales tax is set at 4.5%. Property tax in this state is assessed locally and collected by the counties at fair market value.
Oklahoma City
Homes are typically sitting on the market for 60-90 days in this region with the median home price hovering around $200,000. The market trend in this area is said to be increasing with buyers getting 95-100% of their asking price.
The median of this region is around the $150,00 mark and the hottest valued market in this region is said to be 'repeat buyers'.
LGBT Real Estate Facts: There are approximately 5,763 same-sex couples residing in Oklahoma making this region the 30th gayest state in America. The gayest zip codes in this locality are 73112, 73107, 73118, 73120, 73127 Oklahoma City; 74104, 74105 Tulsa; 73071 Norman and 74066 Sapulpa. -- gaydemographics.com
Main Story Source: House Hunt (2008) Real Estate Market Trends; available online at http://www.househunt.com
Picture Source: wikipedia.org
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