Rent to own Homes in Ponca City, OK
Named after the Ponca tribe, Ponca City is a small city just a few miles from the border of Kansas. Ponca City has just over 25,000 people living within the city limits. People who love hot and humid weather may find this an ideal place to settle down. Ponca City enjoys mild winters and becomes quite hot in the summer. Fans of cinema may recognize Ponca City as the backdrop for the movie "Twister."
Ponca City, OK is a great place for affordable rent-to-own homes! With a median household income of over $44,281 and a median rent of $702, the Ponca City, 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 Ponca City, 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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Ponca City, OK is seeing rapid growth and Ponca City, OK's' housing market remains optimal with an average home price that is -53% below the 2024 national average. Ponca City, OK is part of Kay 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 Kay is 0.71% which is below the national average, which is 0.99%.
Median Home Price in Ponca City, OK
Median Rent in Ponca City, OK
7 Reasons to Move to Ponca City, OK
Excellent location! Ponca City's central location encourages economic growth and development. In fact, you really can't beat the location if you are looking for a comfortable community in this region with easy access to major cities. You can get on Interstate 35 and dart over to Wichita, Oklahoma City or Tulsa. Public transportation provided by the Cimarron Public Transportation System operates in the community, with bus stops in convenient places like Perkins and Airport Roads and the Links Apartments.
Quality attractions! You can access all the amenities of the big city and still enjoy the quiet roads typical of suburban neighborhoods. In addition to big city attractions located just a short drive away, there are plenty of things to do and see in Ponca City, including the Pioneer Woman Museum, the Marland Mansion & Estate and theaters.
A great bet! If you enjoy a game of blackjack or hitting the slot machines, you'll love quick access to local casinos. You are within driving distance of several casinos, including Twin Rivers Casino and Osage Hotel and Casino; both options offer gaming, dining and entertainment.
Plenty of outdoor activities! Ponca City is a great place to get out and enjoy Mother Nature. You'll find more than a dozen parks and recreation centers within the city. Enjoy a game of soccer, a walk in Standing Bear Park, motocross, splash pads, fishing in West Lake Ponca or archery when you rent to own in this community.
Affordable housing! Buying a house can be expensive! Fortunately, Ponca City may very well be one of the most affordable communities in the state. From the Arkansas River to East Coleman Road, the overall cost of living here is lower than the state average, and housing expenses are less than half of the state average. The average home homes for sale are priced at just over $75,000, compared to the national average of $175,000.
Active community! This active community has events all year. With a full calendar that includes live productions at Ponca Theatre and film festivals at the Ponca City Arts Center, there's nearly always something to do or see. With a stated mission to be a city of character, it's not hard to see why people enjoy living here.
Great real estate options! Ponca City is well-known for its preserved mansions and historical sites. In addition, you'll find a wide variety of homes for rent here, including Village Green Apartments and Windsor Park Apartments along North 5th Street. Rental prices in the community are much lower than the rest of the state, making this a great option for potential buyers and renters alike.