Tips on buying a new home in Tulsa, OK
Tulsa, OK - New Home Market Profile
Located 90 miles northeast of the state capital and Oklahoma's second largest city, Tulsa was selected as "America's Most Livable Large Cities" in 2005. The city earned the nickname "Oil Capital of the World" due to its major role as one of America's biggest hubs for the oil industry. Healthcare, aerospace, telecommunications and manufacturing are some of the city's fastest growing industries today. Ranking among the top ten schools nationally for quality of life, overall happiness of students, and relationship with the community, the University of Tulsa, founded in 1894, has an enrollment of 4,125 undergraduate and graduate students.
Rested at the foothills of the Ozark Mountains in northeast Oklahoma, Tulsa's fertile, forested region of rolling hills is known as the "Green Country." Tulsa boasts a wide range of outdoor recreation, including Woodward Park's botanical gardens, America's favorite Tulsa Zoo, plus 30 miles of trails through Turkey Mountain for hiking, biking, horseback riding, and scenic vistas. Tulsa is home to four nationally recognized museums, including the Philbrook Museum, offering a combination of historic home, garden, and art collections. Along with Thomas Moran's famous work, the Thomas Gilcrease Institute of American History And Art hosts a variety of music and dance companies, including the internationally known Tulsa Opera.
Population (year 2000): 393,049
Estimated median household income in 2005: $35,966 (it was $35,316 in 2000)
Climate: Winters are generally mild with light snowfall, and the high temperatures of mid to late summer are often moderated by low relative humidity and southerly breezes.
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Tulsa Real Estate Zindex (Provided By Zillow.com):
- Tulsa: $97,773
- Oklahoma: $99,431
- United States: $254,569
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Most common industries for males:
- Construction (11%)
- Accommodation and food services (7%)
- Administrative and support and waste management services (6%)
- Health care (6%)
- Professional, scientific, and technical services (5%)
- Finance and insurance (5%)
- Metal and metal products (4%)
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Most common industries for females:
- Health care (18%)
- Educational services (12%)
- Accommodation and food services (8%)
- Finance and insurance (6%)
- Administrative and support and waste management services (6%)
- Professional, scientific, and technical services (5%)
- Social assistance (3%)
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Buying New Makes Sense
One quick glance at today's headlines, and it's no wonder that, as concerned consumers, we're pinching pennies more than ever. In a recent survey conducted by HSBC Bank USA, 64 percent of us plan to cut unnecessary spending this year. And, in a similar survey by Discover Financial Services, about half of consumers plan to cut down on such non-essential spending as dinners out and movies - even remodeling.
Still, when it comes to buying a house - something that many consumers are doing because of the many good deals to be had in a slow market - most of us prefer new. Even better, buying a new home also makes good financial sense. New homes offer countless advantages for consumers when it comes to saving money. Perhaps the biggest plus is that, since they're brand-new, the maintenance headaches that often accompany maintenance - as with older homes - simply don?t exist, and won't for a while.
New homes also use the latest in whole-house systems, like heating and air conditioning, so they're not likely to break down, saving consumers money. They're also more energy-efficient, which is also good for saving lots of green. Speaking of green, with interest rates that aren?t too far away from historic lows (just over 6 percent for a 30-year fixed mortgage as of March 11), consumers can also save money on new home mortgages. And, since mortgage interest and real estate taxes are deductible, it's another way to save money by buying a new home, especially when it comes to tax time.
Click here to read more about "Why You Should Buy New".