Welcome to today’s real estate news! In Oklahoma City, a new housing trend is gaining momentum as ‘horizontal apartments’ become increasingly popular. These neighborhoods of single-family homes built as rentals offer high-end amenities and a sense of privacy and community. Find out more about this innovative approach to residential living in Oklahoma City. Meanwhile, Washington County’s real estate market is experiencing significant growth, with rising median home prices and increased demand. Discover the latest trends and insights into the local housing market. In other news, Hertz’s recent property sale in Oklahoma City has sparked speculation about the company’s future in the area. Learn more about Hertz’s plans and their commitment to the city. Additionally, the U.S. Department of Agriculture is providing support to farmers, ranchers, and communities affected by the devastating wildfires in Texas and Oklahoma. Find out how the USDA is assisting in the recovery efforts. Lastly, explore the vibrant and inclusive community at Oklahoma State University, offering a wide range of educational opportunities and resources for students. Don’t miss the chance to discover your dream home in Owasso, Oklahoma, where a beautifully remodeled 3-bedroom property awaits. Experience the ideal location, outstanding school district, and close-knit community of Hawks Landing. Start exploring these exciting real estate news stories today!
Oklahoma City is attracting more single-family ‘horizontal apartments’
Oklahoma City is witnessing a surge in the development of ‘horizontal apartments’—entire neighborhoods of single-family homes built as rentals, offering a blend of high-end amenities typically found in vertical apartment complexes. This innovative housing trend, which first appeared in OKC last year, is rapidly gaining popularity across the nation. Brad Hunter, an expert writing for Forbes, identifies it as one of the fastest-growing trends in housing, initiated in Phoenix as a response to the 2007-2008 financial crisis. These communities, often referred to as ‘cottages,’ provide residents with private outdoor spaces and minimal shared walls, promoting a sense of privacy and community not commonly found in traditional apartment living.
Developments like Magnolia Row and Crimson Lake Estates are leading the charge in Oklahoma City, offering a mix of one to three-bedroom homes with modern, urbanist designs that emphasize walkability and accessibility. This movement towards ‘horizontal apartments’ caters to those seeking the comforts of home ownership without its associated costs, addressing the growing demand for flexible, high-quality rental options in the area. With more than 135,000 students in the vicinity and a robust job market, Oklahoma City presents an ideal landscape for this innovative approach to residential living.
Discover more about Oklahoma City’s horizontal apartments
Washington County home listings asked for more money in February – see the current median price here
In Washington County, the real estate market has shown significant growth with the median home list price reaching $231,500 in February, marking a 2.9% increase from the previous month and a substantial 31.7% rise from February of the previous year. This upward trend is reflected in the price per square foot as well, which has escalated to $111, up 14.9% from the same time last year. Despite a slight decrease in new listings, with 56 homes hitting the market in February compared to 58 in the previous year, homes are moving at a steady pace with a median of 65 days on the market. This data, sourced from Realtor.com, highlights the dynamic nature of Washington County’s housing market, contrasting with both state and national medians to provide a comprehensive view of local real estate trends. For those interested in the intricacies of the Washington County real estate market or seeking to make informed decisions, further details and analyses are readily available.
Discover more about Washington County’s real estate trends here
Hertz offers another property for sale in Oklahoma City; is the longtime employer leaving?
In a move that has sparked curiosity about its future in Oklahoma City, Hertz has placed its call center on the market, marking its second significant property sale since 2020. Despite this, the company reassures that it remains committed to Oklahoma City, where it has been a major employer for over five decades. The property in question, a substantial 200,262-square-foot facility at 5601 Northwest Expressway, is up for grabs at $16.9 million. Hertz is exploring options for redevelopment or office investment and is open to leasing back a portion of the space. This sale follows the 2020 transaction where Hertz sold its office building to Costco right before filing for Chapter 11 bankruptcy due to the pandemic’s impact on car rentals. While the future of Hertz’s physical presence in Oklahoma City may seem uncertain, the company’s intention to lease back part of the space suggests a continued, albeit possibly reduced, operational footprint in the city.
Read more about Hertz’s plans in Oklahoma City here.
USDA Assists Farmers, Ranchers and Communities Affected by Catastrophic Texas, Oklahoma Wildfires | Natural Resources Conservation Service
In response to the devastating wildfires that have scorched approximately 1.3 million acres across Texas and Oklahoma, the U.S. Department of Agriculture (USDA) is stepping up to support the recovery efforts for farmers, ranchers, and affected communities. Agriculture Secretary Tom Vilsack has announced a variety of program flexibilities and assistance measures to help those impacted by the fires. With over 200 USDA Forest Service personnel already on the ground and additional informational sessions planned, the USDA is committed to aiding in both immediate relief and long-term recovery. Programs such as emergency loans, the Livestock Indemnity Program, and the Environmental Quality Incentives Program are among the key resources being mobilized to support the agricultural sector and rebuild operations. This concerted effort underscores the USDA’s dedication to helping restore livelihoods and communities ravaged by these catastrophic wildfires.
Learn more about how the USDA is supporting wildfire recovery efforts
Undergraduate Admissions | Oklahoma State University
Discover the vibrant, inclusive Cowboy family at Oklahoma State University (OSU)! Whether you’re taking your first step into higher education or looking to continue your academic journey, OSU offers a plethora of opportunities to explore. From comprehensive tours—both in-person and virtual—to detailed admissions events throughout the year, we’re here to guide you through every milestone. OSU is not just about getting an education; it’s about finding a new home in Stillwater, engaging in our global community, and enjoying the flexibility of online degree plans. High school juniors and seniors can get a head start with college credit courses, while those returning to education are warmly welcomed back. Non-degree seekers can also take up to 9 credit hours without formal admission requirements. At OSU, we embrace all applicants, aiming to provide an education that’s accessible to everyone. Parents and counselors will find dedicated resources to support their student’s transition to college life. Experience the unique blend of a small-town feel and the extensive opportunities of a large research university. Join us and become part of something great—become part of the Cowboy family!
Learn more about OSU and how to apply today!
3 Bedroom Home in Owasso – $305,500
Discover your dream home in the heart of Owasso, Oklahoma! This beautifully remodeled 3 bedroom, 2.5 bath corner lot home offers a blend of comfort and style with its brand new laminate flooring downstairs, plush new carpet, and a gorgeous backyard secured with fencing. Situated in a prime location, this enchanting abode is just steps away from the vibrant energy of local attractions, offering an amazing community lifestyle. Enjoy the convenience of living close to top-rated schools, with Stone Canyon Elementary School just five minutes away, making it a perfect choice for families. Don’t miss the opportunity to be part of Hawks Landing, an exclusive new-construction community by America’s #1 Home Builder, D.R. Horton, featuring just 70 homesites for a close-knit feel. With its ideal location, outstanding school district, and a short drive to The Patriot Golf Club, this home in Owasso is where your family’s best memories will be made.