Ardmore, OK

The Ardmore, OK metropolitan statistical area (MSA) is located in the southern part of the state and includes Carter, Love, Marshall, and Johnston counties. The MSA had a population of 120,452 in 2010 and is growing at a rate of 1.4%. The housing market in Ardmore is strong with a healthy mix of owner-occupied and rental properties. The median home value in Ardmore is $131,700, which is slightly lower than the national median home value of $137,000. However, Ardmore's housing market has been on the rise in recent years with the median home value increasing by 6.5% since 2013. The average rent for an apartment in Ardmore is $775 per month, which is also lower than the national average rent of $949 per month.

There are many reasons why the Ardmore housing market is strong and growing. One reason is that there are several large employers in the area that provide good-paying jobs. These employers include Michelin North America (a tire manufacturing company), Mercy Hospital Ardmore (a regional medical center), and Halliburton Energy Services (an oilfield services company). Another reason for Ardmore's strong housing market is its proximity to Oklahoma City (OKC). OKC is just over an hour away from Ardmore and offers many amenities that residents here enjoy, such as professional sports teams, fine dining, shopping malls, museums, etc.

If you're thinking about buying a home or investing in real estate in the Ardmore area, now would be a good time to do so. With prices on the rise and interest rates still relatively low by historical standards, you can expect to see your investment appreciate over time.