Investing in Moore, Oklahoma — Rental Market Breakdown

Moore has a reputation that sometimes overshadows its investment fundamentals. Here's an honest look at the Moore rental market for OKC investors.

 

Strong working-class tenant base

 

Moore's rental market is driven largely by working-class and middle-income families. These tenants tend to stay longer than higher-income renters who are saving to buy, and they take care of properties they see as their home.

 

Post-tornado reinvestment

 

The 2013 tornado significantly affected Moore, but the rebuild that followed brought new construction, updated infrastructure, and renewed community investment. Much of Moore's rental stock is now in better condition than it was a decade ago.

 

Affordable entry prices

 

Moore offers some of the most affordable entry prices for single-family rental properties in the OKC metro. Lower purchase prices mean stronger cash-on-cash returns even at modest rent levels.

 

Typical rents

 

Single-family homes in Moore typically rent from $1,100 to $1,600 per month. Larger homes and updated properties command the top of the range.

 

What to watch for

 

Some areas of Moore are stronger than others. School assignment boundaries matter to families, and properties in the Moore Public Schools boundaries (as opposed to adjacent districts) tend to attract more applicants.

Next
Next

Investing in Yukon, Oklahoma — Is It Worth It for Rental Investors