Rent to own Homes in Broken Arrow, OK
The city of Broken Arrow, Oklahoma is the largest suburb of Tulsa. It is home to more than 98,000 people, but is also part of the Tulsa Metro Area, which has a combined 937,000 people. The city is known for many things, but its rich history in Native American culture is one of the most important. Individuals looking for a rent to own home here will find a range of property options to select from, including affordable properties with plenty of amenities.
Broken Arrow, OK is a great place for affordable rent-to-own homes! With a median household income of over $74,070 and a median rent of $1,065, the Broken Arrow, 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 Broken Arrow, 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.
More Broken Arrow, OK Property Resources
Rent to own Homes in Cities Near Broken Arrow, OK
- Beggs
- Bixby
- Boynton
- Broken Arrow
- Catoosa
- Claremore
- Clarksville
- Collinsville
- Coweta
- Fair Oaks
- Glenpool
- Gregory
- Haskell
- Inola
- Jenks
- Kiefer
- Leonard
- Liberty
- Limestone
- Morris
- Mounds
- Oakhurst
- Okmulgee
- Owasso
- Porter
- Preston
- Redbird
- Sand Springs
- Sapulpa
- Sperry
- Taft
- Tiawah
- Tulsa
- Turley
- Valley Park
- Verdigris
- Winchester
Neighborhoods in Broken Arrow, OK
Cedar Ridge Club rent to own homes Wolf Creek Estates rent to own homes Stacey Lynn East rent to own homes Lakes At Indian Springs rent to own homes Glen Eagles rent to own homes Eagle Creek rent to own homes Turnberry rent to own homes New Tulsa rent to own homes Vandever rent to own homes Aspen Creek rent to own homesPopular Zip Codes in Broken Arrow, OK
74013 rent to own homes 74012 rent to own homes 74011 rent to own homes 74014 rent to own homesBuying a Home in Broken Arrow, OK
Broken Arrow, OK is seeing rapid growth and Broken Arrow, OK's' housing market remains optimal with an average home price that is -23% below the 2024 national average. Broken Arrow, OK is part of Tulsa 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 Tulsa is 1.06% which is above the national average, which is 0.99%.
Median Home Price in Broken Arrow, OK
Median Rent in Broken Arrow, OK
Top Reasons to Live in Broken Arrow OK
Housing Statistics For individuals looking for homes for sale in Broken Arrow, a good place to start is with the area's housing statistics. Like many areas of Oklahoma, the region did have a slowdown in home sales for some time, but things have improved significantly. Individuals purchasing a home here will find the median sale price of homes in the second quarter was $153,250. This is up by more than two percent from the previous year at the same timeframe. In the second quarter, 390 homes sold in this area, which contributes to the 987 homes sold in the previous year. The average listing price of a home here is $209,218, which is slightly lower than it was at this time last year.
Local Sports Individuals who are searching for a home for sale in Broken Arrow, Oklahoma may want to explore the lifestyle present here. Though the city itself does not have a strong sports team, there are numerous options available. There are youth baseball, football, and soccer programs present. Additionally, the Indian Springs Sports Complex offers a 234-acre community park for individuals who wish to play their own sports. Other activities include fishing, hunting, and following Tulsa-area college sports, such as those from the Northeastern State Universi gtrty.
Transportation and Commutes Getting around this area is not difficult to do. The city is just off State Highway 51. This takes individuals into downtown Tulsa. The Muskogee Turnpike is also available nearby. It is a short drive into the city of Muskogee as a result. There is a transit system available as well with a route into downtown Tulsa.
Nightlife in Broken Arrow Though it is mostly a suburban city without a lot of commercial establishments, there are various aspects of nightlife in Broken Arrow individuals considering living here should know about before moving in to any rent to own home here. A number of grills, bars, and clubs are present. This includes Action Lounge on South Aspen and Main Street Tavern on South Main Street. Night Trips, Potbelly's Pub and Gill, and Last Call are also available here. These provide at least something to do in the evening. However, it is only about a 30 minute ride into Tulsa where people will find numerous nightlife options, including concerts, live music, and plenty of clubs.
Outdoor Activities There is plenty of outdoor space in Broken Arrow worthy of exploring. For a park experience, which often has live bands, visit Guthrie Green. The Linnaeus Teaching Gardens are another option. These feature rose gardens that are breathtaking. Located in Tulsa is Woodward Park, Tulsa Garden Center, and River Parks, all fun activities for individuals looking for a long walk, job, or a place to stop and smell the flowers, very literally. There are also areas where hunting and fishing take place.