There are currently 44,559 real estate properties in Broken Arrow, OK, with a median automated valuation model (AVM) price of $196,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Broken Arrow, OK, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Broken Arrow, OK, is $216,316.00, with the most expensive house in Broken Arrow, OK, topping out at $13,000,000.00 and the cheapest home in Broken Arrow, OK, clocking in at $26,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Broken Arrow, OK!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Broken Arrow, OK, is on a rollercoaster ride. The average rent price in Broken Arrow, OK, is $1,389.00. Indeed, when looking to rent in Broken Arrow, OK, you can expect to pay as little as $550.00 or as much as $3,200.00, with the average rent median estimated to be $1,310.00. The good news is that finding an affordable and desirable property to rent in Broken Arrow, OK -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Broken Arrow, OK area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Broken Arrow, OK and much more. Save thousands at closing with home foreclosure listings in Broken Arrow, OK — up to 75% off market value!
Broken Arrow is located in Tulsa, Oklahoma, with an estimated municipal population of 110,198 residents. All of the best foreclosed homes for sale in Broken Arrow are located in the following zip code areas on Foreclosure.com: 74014 74011 74012 74013. The estimated population per square kilometer (.62 miles) in Broken Arrow is 688.
So, about how much do homes cost in Broken Arrow? The most recent median value of resident-owned homes in Broken Arrow is 166,750. An estimated 73.7 percent of households in Broken Arrow own their homes, with an average family size of 3.15. The median household income in Broken Arrow is 73,119, with32.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Broken Arrow, the median commute time of resident workers (in minutes) is 21.1. And last, but certainly not least, are you looking for homes to rent in Broken Arrow? If so, the average rent price paid by renters in Broken Arrow is 1,037, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Broken Arrow, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Broken Arrow is 37.3, split between 48.8 percent male versus 51.2 female. The percentage of residents who report being married in Broken Arrow is 56.6, with an average family size of 3.15.
The percentage of residents who report their race in Broken Arrow is as follows:
|Black / African American||4.2%|
|American Indian / Alaskan Native||4.5%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Broken Arrow? Or maybe you are searching for 55+ active adult communities in and/or near Broken Arrow?
The percentage of residents who report their age in Broken Arrow is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Broken Arrow with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Broken Arrow.
How do you know that living in -- or moving to -- Broken Arrow is right where you need to be? Perhaps you grew up in Broken Arrow or already live nearby; therefore, the decision to buy a home in Broken Arrow is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Broken Arrow for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Broken Arrow:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Broken Arrow.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Broken Arrow can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Broken Arrow, meanwhile, can field multiple offers from more qualified buyers.