Rent to own Homes in Edmond, OK
On the northwest side of Oklahoma City is the booming suburb of Edmond, Oklahoma. The metro area is surprising in its level of sophistication and the high number of big city style attractions. Around 83,000 people living in Edmond are in on the secret. In 2011, CNBC put Edmond at number 1 on their "Perfect Suburbs" list. The town started as a water and coal station for the Sante Fe Railroad. Because it was on the highest ground in each direction, trains could more easily accelerate away from a service stop at Edmond.
Edmond, OK is a great place for affordable rent-to-own homes! With a median household income of over $84,223 and a median rent of $1,092, the Edmond, 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 Edmond, 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 Edmond, OK Property Resources
Rent to own Homes in Cities Near Edmond, OK
- Arcadia
- Bethany
- Cashion
- Cedar Valley
- Choctaw
- Cimarron City
- Coyle
- Crescent
- Crescent Springs
- Del City
- Edmond
- Fallis
- Forest Park
- Guthrie
- Harrah
- Jones
- Lake Aluma
- Langston
- Luther
- Meridian
- Midwest City
- Moore
- Mulhall
- Newalla
- Nichols Hills
- Nicoma Park
- Oklahoma City
- Piedmont
- Seward
- Smith Village
- Spencer
- The Village
- Twin Lakes
- Valley Brook
- Warr Acres
- Wellston
- Woodlawn Park
- Yukon
Neighborhoods in Edmond, OK
Leawood rent to own homes College View rent to own homes Olde Towne rent to own homes Thunderhead Hills rent to own homes Chowning Heights rent to own homes Edmond North Estates rent to own homes Sorghum Mill Estates rent to own homes Woodhill rent to own homes Oak Creek Estates rent to own homes Bavarian Forest rent to own homesPopular Zip Codes in Edmond, OK
73003 rent to own homes 73007 rent to own homes 73034 rent to own homes 73083 rent to own homes 73013 rent to own homesBuying a Home in Edmond, OK
Edmond, OK is seeing rapid growth and Edmond, OK's' housing market remains not optimal with an average home price that is 17% above the 2024 national average. Edmond, OK is part of Oklahoma 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 Oklahoma is 0.96% which is below the national average, which is 0.99%.
Median Home Price in Edmond, OK
Median Rent in Edmond, OK
Top Reasons to Live in Edmond OK
Housing Statistics As of recently, the median home price in Edmond has been recorded anywhere between $200,000 and $215,000. In the most affluent sections of the city, you can expect the median house sale to be closer to $240,000 to $250,000. This comes down to about $103 per square foot. On average, there have been just over 250 houses sold each month during the summer of 2013. That's up about 5 percent over the year before. That might not seem as impressive as in some cities seeing double digit growth, but it's important to note that the area didn't fall as far as most and emerged from the recession relatively unscathed. That's prompting some sellers to cash in by putting up their house for sale. Luckily, you don't have to own to live here. There are several rental houses available and even some rent to own units.
School Systems Edmond has the fourth largest amount of students in a single school district in the state. Consequently, the city employs over 1,000 teachers. Within this district, there are a total of 23 schools comprising of elementary, middle, secondary and co-educational. The top elementary schools are Centennial, Chisholm, and Clegern, while the top middle schools are Cheyenne and Cimarron, all of which earned perfect 10 marks in objective rating criteria. Parents rate the school system highly as well.
Largest Employers Some of the largest employers in Edmond are AT&T, Hillcrest Medical Center, Seaboard Corp, Chesapeake Energy Corp, and OGE Energy Corp. The city of Tulsa is actually a large employer in Edmond. In other words, there's a lot of commuting happening. When it comes to businesses located in the Edmond city limits, the school district is the biggest employer, followed by the University of Central Oklahoma and the City of Edmond itself. Adfitech comes in next and represents the biggest local non-governmental organization by workforce size.
Neighborhoods Here are two neighborhoods in Edmond you should know about: