The Oklahoma City housing market, which sprawls into nearby Canadian County, is an especially good place to invest in rental properties.
Not only are homes here well below the national median home price of $210,000, but the area offers a wide variety of new homes to choose from and schools that appeal to buyers, according to Mike Malone, a local real estate agent. This brick ranch home, which lies in the southeastern suburb of Mustang, was built in 2009 and is listed for just $135,000, for example.
As a result, a wide variety of people are investing in the area, from professionals looking to diversify their holdings to retirees trying to maximize their income. "People are buying rental properties because they can't make any money on CDs," he said. "It doesn't take much brainpower here to make 10% buying to rent."
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