Top 10 Places to Start an Airbnb Business in Oklahoma City: Wondering where the best places to Airbnb in Oklahoma City are? Here you’ll find profitable areas in OKC along with their respective Airbnb data.
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Wondering where the best places to Airbnb in Oklahoma City are? Here you’ll find profitable areas in OKC along with their respective Airbnb data.
- Last updated on
- August 11, 2023
Key Takeaways
- The affordable real estate market and economic strength of Oklahoma City have helped many Airbnb hosts to earn a good passive income with short-term rentals.
- Learn the advantages that investors have when investing in short-term rentals in Oklahoma City and nearby areas.
- Find out the best neighborhoods and nearby cities in OKC along with their recommended property types, median housing values, and respective Airbnb data.
Introduction
Oklahoma City is the capital of the state and also the economical region. It’s a big urban area with a small-town charm that offers plenty of recreational activities, restaurants, performing arts centers and interesting museums.
With a diversified economy and a growing tourism industry, Oklahoma City can easily draw investors’ attention. But here’s the big question, “where are the most profitable areas for Airbnb in Oklahoma City?” – we got you!
In this article, we feature the best places to do Airbnb in Oklahoma City and some of the expectations for Airbnb investment properties in Oklahoma City. Continue reading to learn more.
Why invest in an Airbnb in Oklahoma City?
Are you thinking of investing in a real estate property in Oklahoma City? If so, then you should know that this is a great way of achieving financial freedom. This is because Oklahoma City offers profitable opportunities for real estate investors. This city allows locals and visitors alike to immerse themselves in the legacy of the old West. But what are the advantages offered by this location to property investors? Check out some of the major reasons why investing in Airbnb property investments in OKC is a great idea:
Attractive housing market
One of the advantages of buying an investment property in Oklahoma City is that the housing values are fairly affordable compared to many other major cities. The median property price is $188,077, which is 23% lower than the national average. In addition to this, Oklahoma also has a low cost of living that is 12% cheaper compared to the national average.
Diversified and strong economic region
Oklahoma City is the most important economic area in the state. It owns a diversified economy with aviation, aerospace, bioscience, energy and logistics. Its major industry sectors play a significant role in OFC’s economy. There are many job opportunities, thus, more and more people are moving to the city at a steady rate. Currently, the unemployment rate in Oklahoma is 2.4%.
OKC is a growing tourist destination
In the past few years, Oklahoma City’s tourism has been growing since it attracts more visitors year-over-year! In fact, OKC has a lot to offer to travelers even though it’s a big urban area. This includes its fascinating Native American history, the old West vibes, Route 66, and charming town vibes. Just in 2021, the city welcomed over 21M tourist arrivals!
Is Airbnb Profitable in Oklahoma City?
Airbtics confirms that Airbnb investment properties in Oklahoma City are certainly profitable. Still, investors should note that the level of profitability highly depends on the property type and location.
According to Airbtics’ data, an Airbnb host can expect an average annual revenue of $48,563 and a median occupancy rate of 60% for operating a 4-bedroom property in Oklahoma City.
Source: Airbtics Dashboard
The 10 Best Places to Airbnb near Oklahoma City
Oklahoma City is the largest city in the state and it has 220 diverse neighborhoods. So it’s understandable if you’re having a hard time choosing the ideal location for real estate investments in Oklahoma City!
Check out the best neighborhoods and nearby cities in Oklahoma City that are highly recommended for starting an Airbnb business:
|
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|---|---|---|---|---|---|
| Location | Number of Airbnb Listings | Best Number of Bedrooms | Median Property Price | Airbnb Annual Revenue | GRY |
| Downtown Oklahoma City | 61 | 3 Bedrooms | $270,000 (3 BD) | $69,865 | 25.88% |
| Woodland Park, OKC | 11 | 3 Bedrooms | $223,901 (3 BD) | $44,390 | 19.83% |
| Classen-Ten-Penn, OKC | 40 | 3 Bedrooms | $245,000 (3 BD) | $47,540 | 19.40% |
| Uptown Oklahoma City | 108 | 3 Bedrooms | $219,000 (3 BD) | $39,471 | 18.02% |
| Gatewood UCD, OKC | 42 | 3 Bedrooms | $220,000 (3 BD) | $32,109 | 14.60% |
| Edmond, OK (14 mi away) | 79 | 3 Bedrooms | $285,000 (3 BD) | $36,422 | 15.58% |
| Tulsa, OK (93 mi away) | 318 | 3 Bedrooms | $177,500(3 BD) | $38,719 | 21.81% |
| Muskogee, OK (138 mi away) | 12 | 3 Bedrooms | $170,000 (3 BD) | $31,059 | 18.27% |
| Denton, TX (158 mi away) | 65 | 4 Bedrooms | $399,900 (4 BD) | $76,598 | 19.15% |
| Fort Worth, TX (187 mi away) | 666 | 2 Bedrooms | $220,000 (2 BD) | $44,629 | 20.29% |
Airbnb Location
Airbnb Dataset
Downtown Oklahoma City
- Total Number of Airbnb Listings: 61
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $270,000
- Airbnb Annual revenue: $69,865
- Gross rental yield: 25.88%
Woodland Park, OKC
- Total Number of Airbnb Listings: 11
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $223,901
- Airbnb Annual revenue: $44,390
- Gross rental yield: 19.83%
Classen-Ten-Penn, OKC
- Total Number of Airbnb Listings: 40
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $245,000
- Airbnb Annual revenue: $47,540
- Gross rental yield: 19.40%
Uptown Oklahoma City
- Total Number of Airbnb Listings: 108
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $219,000
- Airbnb Annual revenue: $39,471
- Gross rental yield: 18.02%
Gatewood UCD, OKC
- Total Number of Airbnb Listings: 42
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $220,000
- Airbnb Annual revenue: $32,109
- Gross rental yield: 14.60%
Edmond, OK
- Distance from Oklahoma City: 14 miles
- Total Number of Airbnb Listings: 79
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $285,000
- Airbnb Annual revenue: $36,422
- Gross rental yield: 15.58%
Tulsa, OK
- Distance from Oklahoma City: 93 miles
- Total Number of Airbnb Listings: 318
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $177,500
- Airbnb Annual revenue: $38,719
- Gross rental yield: 21.81%
Muskogee, OK
- Distance from Oklahoma City: 138 miles
- Total Number of Airbnb Listings: 12
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $170,000
- Airbnb Annual revenue: $31,059
- Gross rental yield: 18.27%
Denton, TX
- Distance from Oklahoma City: 158 miles
- Total Number of Airbnb Listings: 65
- Best bedroom size: 4 bedrooms
- Median property price (4 bedrooms): $399,900
- Airbnb Annual revenue: $76,598
- Gross rental yield: 19.15%
Fort Worth, TX
- Distance from Oklahoma City: 187 miles
- Total Number of Airbnb Listings: 666
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $220,000
- Airbnb Annual revenue: $44,629
- Gross rental yield: 20.29%
Source: Airbtics Dashboard
Conclusion
Oklahoma City has many lucrative areas that offer good investment opportunities to Airbnb hosts. While there are plenty of neighborhoods and nearby cities in OKC that can bring attractive rental yields and annual revenue, it’s essential to analyze each of your options carefully.
Now that you found out the best places to Airbnb Oklahoma City, you should go further and check Airbtics’ Airbnb calculator. Choose to stand out among your competitors and maximize your profitability!
Short-Term Rental Data
Short-Term Rental Data
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