Things to Do in Oklahoma City, OK
Oklahoma City, Oklahoma, is the state capital and represents the heart of the Midwest. Oklahoma City boasts a relaxed atmosphere, cowboy culture, and a modern vibe, with many family-friendly activities to choose from. Lose yourself in the city's history at the National Cowboy and Western Heritage Museum, or check out some honest-to-goodness cowboys in action at one of the city's many rodeos. Oklahoma City is warm and welcoming. It is home to many great dining and shopping destinations. Check out the Bricktown area for an eclectic variety of restaurants and bars. Other notable attractions include 50 Penn Place Art Gallery, the OKC Outlets, the Oklahoma City National Memorial, and the Myriad Botanical Gardens.
Industries in the Oklahoma City Area
Oklahoma City is home to the state's largest concentration of aviation and aerospace firms. In addition to Aviation/Aerospace, other top industries include biotechnology, energy, transportation & logistics, business services, government, and health care.
There are many new homes in OKC, particularly in North Oklahoma City and in the suburbs, where you can find new developments in Edmond, which is north of the city along US Route 77. There, you'll find more than a dozen new subdivisions. There are also new home developments in Yukon, just west of the city.
Oklahoma City Housing Market Conditions
Oklahoma City has been known for its boomtown building but the pandemic along with higher interest rates has changed the situation for this area. Builders have a significant inventory. Buyers are not moving up to new builds as they are not eager to take on higher mortgage rates. New home closings were just under 15% for the past year. Another factor weighing in on new builds is the lack of electrical transformers causing problems for new home development. The supply issues for these materials is slowing down the forward movement of developers.
On a positive note, job growth continues to be promising with annual growth of 4%. A low unemployment rate and a rebounded economy are setting Oklahoma City up for continued growth. New households continue to come to this market.
Oklahoma City will continue to stay on target and see more new homes for sale in OKC throughout 2023.
New Home Lifestyles
When you buy a home in one of Oklahoma City’s new home communities you get more than a house. Your new house is in a neighborhood where you can live an active and engaged life. Your neighbors aren’t just the people who live next door, they will be lifelong friends. After having fun with friends and family at the community pool or neighborhood sports complex, invite your loved ones over to your beautiful new home for a delicious meal.
To help homeowners make the most of their new community Oklahoma City homebuilders and developers often include fantastic amenities in the neighborhood plan including:
- Private Neighorhood Pools
- Community Parks and Playgrounds
- Gated Enclaves
- Sports Facilities
- A Golf Course
Top Oklahoma City School Districts
With education being a major industry here the schools are exceptional. Families will be pleased with the focus on student academic success at Oklahoma City Public Schools, Crooked Oak Public Schools, Astec Charter School District, Millwood Public Schools and Mid-Del Public Schools. Your children will thrive with the great educators here.
Use NewHomeSource to explore the entire real estate market in Oklahoma City. Your new dream home is just a click away.
Market Overview: New Construction Homes in Oklahoma City, OK
Here is a quick overview of new housing developments in the Oklahoma City area and the new construction market for new build homes in Oklahoma City:
| Market Name |
Oklahoma City |
| State Name |
Oklahoma |
| Subdivisions |
233 |
| Homes Under Construction |
640 |
| Quick Move-in Homes |
735 |
| Floor Plans |
2,337 |
| Starting Price |
$171,900 |
| Average Price |
$406,111 |
| Price Per SqFt |
$191 |
| New Home Builders |
60 |
| Leading Builders |
- Homes By Taber
- Rausch-Coleman Homes
- Lennar
|
