Rent to Own Homes in Yukon
Named in reference to a gold rush in Yukon Territory, Canada that was taking place at the time of the city’s founding in the late 19th century, Yukon, OK is located approximately 18 miles west of Oklahoma City. Historically a major farming site and home to a large milling operation, Yukon still retains its reputation as “Yukon’s Best Flour.” Today, Yukon is best known as one... Read More
Named in reference to a gold rush in Yukon Territory, Canada that was taking place at the time of the city’s founding in the late 19th century, Yukon, OK is located approximately 18 miles west of Oklahoma City. Historically a major farming site and home to a large milling operation, Yukon still retains its reputation as “Yukon’s Best Flour.” Today, Yukon is best known as one of Oklahoma City’s finest suburbs. It is certainly home to many commuters who work in the state’s major city. Family-friendly with great schools, safe neighborhoods, and many year-round recreational and cultural options to choose from, Yukon is fast-becoming one of the state’s most desirable communities. Yukon even has a sister city relationship with Krnov, Czech Republic. In the October and June months the city hosts the Czech Festival and Chisolm Trail Festival respectively. This city of over 22,000 in the heart of Oklahoma is poised to grow over the coming years.
Buying a Home in Yukon, OK
Aspiring homeowners considering the Oklahoma City metro area will no doubt be pleased with what Yukon has to offer. In terms of its real estate, Yukon has very affordable offerings. The diverse range of residential options have a median home price of $209,000. These figures are slightly higher than the state and metro averages of $169,900 and $184,900 respectively. However, Yukon’s quaint, desirable suburban location – with its high quality of life (one of the highest in the state according to Area Vibes which rated the city as “exceptionally livable”) – makes it well worth the price. Home appreciation rates are also on rise with Zillow predicting a 2.4% increase within the next year. The below results are primarily rent to own homes in :
Named in reference to a gold rush in Yukon Territory, Canada that was taking place at the time of the city’s founding in the late 19th century, Yukon, OK is located approximately 18 miles west of Oklahoma City. Historically a major farming site and home to a large milling operation, Yukon still retains its reputation as “Yukon’s Best Flour.” Today, Yukon is best known as one... Read More
Named in reference to a gold rush in Yukon Territory, Canada that was taking place at the time of the city’s founding in the late 19th century, Yukon, OK is located approximately 18 miles west of Oklahoma City. Historically a major farming site and home to a large milling operation, Yukon still retains its reputation as “Yukon’s Best Flour.” Today, Yukon is best known as one of Oklahoma City’s finest suburbs. It is certainly home to many commuters who work in the state’s major city. Family-friendly with great schools, safe neighborhoods, and many year-round recreational and cultural options to choose from, Yukon is fast-becoming one of the state’s most desirable communities. Yukon even has a sister city relationship with Krnov, Czech Republic. In the October and June months the city hosts the Czech Festival and Chisolm Trail Festival respectively. This city of over 22,000 in the heart of Oklahoma is poised to grow over the coming years.
Buying a Home in Yukon, OK
Aspiring homeowners considering the Oklahoma City metro area will no doubt be pleased with what Yukon has to offer. In terms of its real estate, Yukon has very affordable offerings. The diverse range of residential options have a median home price of $209,000. These figures are slightly higher than the state and metro averages of $169,900 and $184,900 respectively. However, Yukon’s quaint, desirable suburban location – with its high quality of life (one of the highest in the state according to Area Vibes which rated the city as “exceptionally livable”) – makes it well worth the price. Home appreciation rates are also on rise with Zillow predicting a 2.4% increase within the next year. The below results are primarily rent to own homes in :
Popular Neighborhoods in Yukon, OK
In Yukon’s seven neighborhoods median home prices range between a low of $110,324 in the centrally-located S Cornwell Drive neighborhood to a high of $247, 414 in the westernmost City Center neighborhood. The rest of the five neighborhoods feature median home prices between $140,239 and $187,135.
The Cornwell Drive neighborhood, one of Yukon’s most popular and affordable, is destined to garner interest. Median real estate prices here are $140,239—certainly lower than the city, state, and metro averages. Interestingly, rent prices here are slightly higher than average but this is likely due to the neighborhood’s low vacancy rate of 2.6%. One thing is clear: there is demand for housing here. Most of the current residential real estate here is also owner occupied signaling stability. Other significant features of this neighborhood include: Chisolm Trail Park, Freedom Trail Park, and the Mulvey Pond—three distinct areas for outdoor lovers.
Buying vs. Rent to Own Homes in Yukon, OK
An excellent quality of life and low cost of living are two huge factors aspiring homeowners consider. Yukon certainly delivers on both. Buying a home here, then, presents a great opportunity and investment. The process to do so need not be complicated either. A rent to own option is becoming increasingly popular for first time homeowners, downsizers, and retirees. And for good reason: this arrangement saves time, hassle, and money. Under this arrangement aspiring homeowners can first live in the home of their choosing provided they meet rental and contractual obligations. In doing so, their financial standing can be improved for the long term—the paying off of debt, bettering a credit score, and saving for a down payment.
Summary
This desirable suburb just miles from the big city life of Oklahoma City is no small wonder. Yukon captures the essence of safe suburbia with distinctive big city appeal. There is something here for everybody. One look at the city’s upcoming event reveals the interesting scope of what can be done (and what services are offered) year-round: Kid’s Trout Fish Out, City Free Yard Spring Clean Up, Youth Archery Class, Trail Chili Cook Off, various recreational sport offerings, library book discussions, and many more community-sponsored events. Yukon is a close-knit city with a great understanding of fun and recreation.
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