Oklahoma rental market is not a new kid in the block and it’s one among the large American rental markets. The thing to down pat is that Oklahoma City offered renters the maximum space for their penny. As per Axiometrics analysis done in early 2016, renter paid dollar 950 approx for an apartment that has 959 square feet. From the analysis, this can also be concluded that this city is the sole large city in America with a rent under dollar 1 (in average) per square feet. Renters are happy as they get good value for their money. High Five! Because rents will remain affordable A piece of goodness for renters in Oklahoma is that they will not struggle with affordable rents unlike other cities. In an average, a renter has to keep aside 20% of income to pay the rent. But the case is not the same when it comes to other cities like New York. According to the surveys of Oklahoma City property management companies, they said that a renter in New York splurge approximately 44% of their income for rent. Rental trend over view Let’s get into some facts and figures that were collected during the month of April. For one bedroom apartments, the city observed an average increase of nearly 0.80 percent. For 3 and 4 bedroom apartments, the prices have decreased by 1.80 percent approximately. For 2 bedroom properties, the rents remained unchanged as compared to the last month. Thus, the lessor or the house owner is advised to rent 1 and 2 bedroom apartments to fetch good profits. Resort on professional property manager Property owners who want to get better price for their property and generate a good rental income should count on the services of a professional Oklahoma City property manager. Properties that are managed by experts have better and higher occupancy rate, less problems with tenants and fewer issues with damages. Do not forget to share any housing affordability issue that you experience.
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