73401, Ardmore, OK

Ardmore, Oklahoma is a small town located in Tulsa County. The population of Ardmore was 13,814 as of the 2010 census. Ardmore is home to the Ardmore Zoo and the Ardmore Arts Center. The median household income in Ardmore was $57,527 in 2009. Home prices in Ardmore have increased dramatically over the past few years and are now among some of the highest in the state.

The average home price in Ardmore as of September 2013 was $269,000. This represents an increase of 116% from 2007 when the average home price was $130,000. In 2013 there were 2,906 homes sold in Ardmore which accounted for 97% of all homes sold in Tulsa County that year. The majority (77%) of homes sold in Ardmore during 2013 were single family dwellings while 23% were condominiums and 3% were apartments or other types of housing units.

There are several factors contributing to the high home prices in Ardmore including:

-The low supply of homes available for sale due to restrictive zoning laws that limit development near downtown

-The high demand for homes due to strong job growth within Tulsa County and nearby cities

-Low interest rates which have helped to make mortgages more affordable

-The relatively low cost of living compared to other areas within Oklahoma

-The favorable location within Tulsa County which is close to both metropolitan areas ( Oklahoma City and Tulsa) as well as numerous recreational opportunities such as golf courses and lakes