Oklahoma City OK Market

Hello Community

I'm in the market to purchase a C to B grade complex of 80+ units around $2million range. The community of Bethany and surrounding areas I have noticed many listings of apartment complexes and sold transactions in the past two years.

I am getting mixed signals from my market research...low unemployment, and other positive market stabilization but the vacancies are a bit higher and the population is decreasing...?

Is anyone familiar with this market and can honestly tell me why so many owners have decided to sell their communities within the last couple of years? It makes me wonder if I should reconsider and search another market. The last thing I want is to reposition a property only to find out there is not much of a renter market.

I forgot to ask - What areas in Oklahoma City are responding well to the apartment rental market?

John, have you gone to your local apartment association, or board of realtors for your area? They may and should have a handle on the questions you are asking. Here is a quick once over look at your area to get a little more intell which carries indicators on the market: quickfacts.census.gov/qfd/states/40/4005700.html

Here is another resource if you have not checked it out: www.loopnet.com/Oklahoma_Apartment-Buildings-For-Sale/

Besides the other sources to get specifically to what you are asking, then this link may be of use. Now keep in mind it has a trial period. So maybe the trial is all you need www.reisreports.com/register/free-trial/...-tnL4CFS9o7AodHwIAIA

Nate, I do have LoopNet but I haven't used the Reis site. I will try other two recommended and also called the local Apartment Association in the Oklahoma City area.

Thank you Nate.

Hi John --

Some of our free info at Kwelia (full disclosure: I am one of the co-founders of Kwelia) might be helpful to you:

Heatmap of Apartment Rent Per Sqft in Oklahoma City (free):

Rent Trends (rent per sqft) in the Metro (free):

You can also get more detailed (e.g. by bedroom, by neighborhood) information with our free trial.

I hope that helps!

Greg,

I really appreciate your response. I will check it out!

Thank you!