Rent to own Homes in Ardmore, OK
Ardmore, Oklahoma is a popular place and draws residents from various local communities. Ardmore is the county seat of Carter County and it is a busy little hub that offers a desirable mix of culture as well as an attractive area for tourists. Made up of about 50 square miles, there are around 25,000 residents in Ardmore, and it is also home to the Southern Oklahoma Technology Center. Ardmore is about 90 miles from both Oklahoma City and Dallas Texas.
Ardmore, OK is a great place for affordable rent-to-own homes! With a median household income of over $45,602 and a median rent of $800, the Ardmore, OK rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Ardmore, OK. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Ardmore, OK is seeing rapid growth and Ardmore, OK's' housing market remains optimal with an average home price that is -46% below the 2024 national average. Ardmore, OK is part of Carter county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Carter is 0.67% which is below the national average, which is 0.99%.
Median Home Price in Ardmore, OK
Median Rent in Ardmore, OK
Top 5 Reasons to Love Ardmore, OK
Move right in! With roughly 9,740 homes and apartments in the city, Ardmore has a 17.76 percent vacancy rate. With such a high vacancy rate, it should be easy to find your dream home. If you're looking for a house to buy, check out the neighborhood around Freeman Street or Ash Street.
Low rental rates! While the median home value is $93,066, the median rental price is $480. This is significantly lower than most of the U.S. For an apartment, look around M Street Northwest. If you want to buy a home but can't budget it right now, think about looking into a rent to own. Look for houses for rent around Wallace Street and Salisbury Street.
Transportation options! Ardmore is located on the Burlington Northern Santa Fe mainline that runs from Fort Worth, Texas to Oklahoma City. It is also a stop for Amtrak on its Heartland Flyer route. The Heartland Flyer travels from Oklahoma City and Fort Worth. The Greyhound Jefferson line also stops in Ardmore and the Southern Oklahoma Rural Transit System is another Way residents can get around.
Excellent food and shopping options! When you want to head out for a bite to eat, you can easily find something that fits every mood. There are over 30 excellent restaurants in Ardmore to choose from. Dining out is a treat, whether you crave a hamburger from the likes of Two Frogs Grill, Mexican food from the Casa Romo or sushi from Edamame. You will find something to fit every mood. Antique shopping is alive and well in Ardmore with places like Antique Sampler, Antiques Etc. and Ardmore Emporium to rummage through.
Employment is high here! Statistics show that people who move to Ardmore stay in the community significantly longer than those who move to other cities in the state. This is a tribute to the community and all it has to offer. With less than 4 percent unemployment, it's easy to see why people are attracted to such a beautiful community with so much to offer. Top employers include Michelin tires and Mercy Memorial Health Center.