Understanding the Real Estate Market in Durant, OK
Are you considering buying a home in Durant, Oklahoma? If so, you’ve come to the right place. Durant is a charming city with a rich history and a growing real estate market. In this article, we’ll delve into the details of homes for sale in Durant, OK, to help you make an informed decision.
Location and Accessibility
Durant is located in Southeast Oklahoma, approximately 70 miles east of Oklahoma City. The city is easily accessible via Interstate 35, making it a convenient option for those commuting to the state’s capital. Durant’s central location also makes it a great base for exploring the natural beauty of Oklahoma, including the Ouachita National Forest and Lake Eufaula.
Community and Lifestyle
Durant offers a small-town atmosphere with a variety of amenities. The city boasts a vibrant downtown area with shops, restaurants, and entertainment options. Residents enjoy a friendly community, with numerous parks and recreational facilities, including the Durant Municipal Golf Course and the Durant Community Center.
Real Estate Market Overview
The real estate market in Durant has seen steady growth over the past few years. According to data from the Durant Area Association of REALTORS, the median sales price for homes in Durant was $125,000 in 2021. This figure reflects a 5% increase from the previous year. The market is diverse, with homes ranging from cozy bungalows to spacious estates.
Types of Homes Available
When searching for homes for sale in Durant, OK, you’ll find a variety of options to suit your needs and preferences. Here are some of the most common types of homes available in the area:
| Home Type | Description |
|---|---|
| Single-Family Homes | Traditional homes with multiple bedrooms and bathrooms, often featuring a yard and garage. |
| Townhouses | Detached homes with shared walls, offering a combination of privacy and community. |
| Condos | Multi-unit buildings with individual living spaces, typically managed by a homeowners association. |
| Mobile Homes | Manufactured homes that can be moved to a permanent site. |
Neighborhoods to Consider
Durant offers a variety of neighborhoods, each with its own unique charm. Here are some popular neighborhoods to consider when searching for homes for sale in Durant, OK:
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Old Town Durant: This historic district features beautifully restored homes, quaint shops, and a vibrant community atmosphere.
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South Durant: A family-friendly neighborhood with a mix of older homes and newer construction, offering a variety of amenities.
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East Durant: A growing area with new developments and a variety of homes, including single-family homes, townhouses, and condos.
Cost of Living
The cost of living in Durant is relatively low compared to other cities in Oklahoma. According to data from the Council for Community and Economic Research, the cost of living index in Durant is 89.5, which is below the national average of 100. This means you can enjoy a comfortable lifestyle without breaking the bank.
Conclusion
When you’re ready to start your search for homes for sale in Durant, OK, keep these factors in mind. The city’s charming community, diverse real estate market, and affordable cost of living make it an excellent choice for those looking to purchase a home. With a variety of neighborhoods and home types available, you’re sure to find the perfect place to call home in Durant.
