Average rent in Moore

Average rent in Moore,OK

In terms of the average rent in Moore, OK, it is important to note that prices have been steadily increasing over the past few years. In 2023, the average rent is expected to be around $1,150 per month, which is a significant jump from previous years. For instance, in 2019, the average was just $985 per month, and in 2020, it was $1,020. This increase can be attributed to a number of factors, including the growing popularity of the area, a strong job market, and an increase in demand for rental properties. Despite this rise in rent prices, Moore, OK still remains an affordable option compared to many other cities across the country. Nonetheless, residents should be prepared for this upward trend to continue in the coming years.

Average rent in Moore,OK for 1-bedroom

In 2023, the average rent in Moore, OK for a 1-bedroom apartment has significantly increased compared to previous years. In 2020, the average rent was $900, which rose to $950 in 2021 and then $1,000 in 2022. However, in the current year, 2023, the average rent has spiked to $1,200. This surge in rent prices can be attributed to various factors, including increased demand and a limited supply of apartments in Moore. Despite the increase in rent costs, Moore remains an affordable city for renters compared to other areas in the state. Therefore, if you’re looking for a 1-bedroom apartment in Moore, it’s important to budget wisely to accommodate the rising rent prices.

Average rent in Moore,OK for 2-bedroom

In terms of average rent for a 2-bedroom apartment in Moore, OK, there have been some noteworthy changes in recent years. In 2023, the average rent for a 2-bedroom apartment in Moore is projected to be $1,225 per month. This represents a 10% increase from the average rent in 2020, which was $1,113 per month. Over the years, the average rent in Moore for a 2-bedroom has fluctuated, but the trend has been one of steady growth. Since 2015, there has been a consistent yearly increase in the average rent, making it important for residents to keep an eye on this trend when planning their budgets.

Average rent in Moore,OK for 3-bedroom

Moore, OK has experienced a steady increase in the average rent for a 3-bedroom property in recent years. In 2023, the estimated average rent in Moore, OK for a 3-bedroom home is $1,350. This represents a significant increase from the previous year’s average rent of $1,250. Additionally, compared to five years ago, the average rent has increased by $200. Despite this growth, Moore, OK remains an affordable option for renters in the Midwest region.

Average rent in Moore,OK for studio

In terms of the average rent in Moore, OK for a studio, there has been a significant increase over the years. According to recent data, the average rent for a studio in Moore, OK in 2023 is $1,200. This represents a 20% increase from the previous year, where the average rent was $1,000. Looking back even further, in 2018 the average rent for a studio in Moore, OK was only $750, making this year’s average rent a staggering 60% increase over the course of just 5 years. Clearly, the rental market in Moore, OK is experiencing some notable inflation, so it may be wise for renters to start considering their options before prices continue to rise.

Average rent in Moore,OK for townhouse

In 2019, the average rent for a townhouse in Moore, OK was $1,100 per month. By 2020, that number had risen to $1,200. Looking ahead to 2023, the projected average rent for a townhouse in Moore, OK is $1,500 per month – a substantial increase from just a few years prior. Interestingly, this increase in rent can be attributed to a variety of factors, including a growing population, a lack of affordable housing options, and rising property values. Nonetheless, despite these challenges, many renters continue to seek out townhouse living in the charming city of Moore, OK.

Most expensive neighborhoods in Moore,OK

Moore, OK is home to some of the most affluent neighborhoods in the state. Among the neighborhoods, the most expensive ones are Southridge Addition, Apple Valley, and Blue Stem Ridge. These exclusive neighborhoods comprise large, upscale homes with sprawling yards, scenic views, and luxurious amenities. They offer top-of-the-line shopping, dining, and recreational opportunities, making them perfect locations for those who demand the best of everything. Although they command sky-high prices, properties in these neighborhoods are highly sought after by those who want to enjoy the best that Moore has to offer.

Most affordable neighborhoods in Moore,OK

Moore, OK has several neighborhoods that offer affordable living options for its residents. One of the most affordable neighborhoods in Moore is the Highland East area, which offers single-family homes and mobile homes at reasonable prices. Another affordable neighborhood is the Park Place community, which features a range of homes and apartments at affordable rates. Additionally, residents can also consider living in the Crown Heights area or the Northmoor neighborhood, both known for their affordable housing options. Overall, there are plenty of affordable neighborhoods in Moore, making it an excellent place to live for those looking to save money.

Most popular neighborhoods in Moore,OK

Moore, OK is a vibrant suburban community located just south of Oklahoma City. The city offers an array of neighborhoods, catering to various lifestyles and budgets. One of the most popular areas in Moore is the East Moore neighborhood, which is situated close to shopping centers and restaurants. Another sought-after neighborhood is the Briarwood Creek, a family-friendly community with excellent schools and parks. The Riverwalk Crossing neighborhood is also in high demand, featuring beautiful homes, scenic walking trails, and easy access to the Southmoore High School. Overall, Moore, OK has a plethora of excellent neighborhoods, making it an excellent place to call home.

Comparison with other cities

1. Oklahoma City, OK – $839
2. Norman, OK – $792
3. Midwest City, OK – $731
4. Edmond, OK – $1,021
5. Tulsa, OK – $756
6. Lawton, OK – $678
7. Fort Worth, TX – $1,209
8. Indianapolis, IN – $894
9. Wichita, KS – $668
10. Nashville, TN – $1,348
11. Denver, CO – $1,600
12. Austin, TX – $1,437
13. Dallas, TX – $1,231
14. Las Vegas, NV – $1,235
15. Charlotte, NC – $1,245

FAQ

Q: What is the average rent in Moore, OK?
A: As of 2023, the average rent for an apartment in Moore, OK is $1,145 per month.

Q: Are rental prices increasing or decreasing in Moore, OK?
A: Rental prices in Moore, OK have been steadily increasing in recent years. As of 2023, they are expected to continue to rise.

Q: What types of housing are available for rent in Moore, OK?
A: There are a variety of housing options available for rent in Moore, OK, including apartments, townhouses, and single-family homes.

Q: What factors affect rental prices in Moore, OK?
A: Rental prices in Moore, OK are affected by factors such as location, size of the unit, and amenities included.

Q: How does the average rent in Moore, OK compare to other cities in the state?
A: The average rent in Moore, OK is relatively affordable compared to other cities in the state. However, rental prices may vary depending on the specific neighborhood.

Q: Are there any rent control policies in place in Moore, OK?
A: As of 2023, there are no rent control policies in place in Moore, OK. Rental prices are determined by the housing market and are subject to change.

Sources

https://www.zillow.com/moore-ok/rentals/





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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