Click Here

REALTORŪ Magazine Online: The real estate professional's business support tool.

OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |   February 23, 2011  |   Latest Boom Area Has Residents Moving South
Oklahoma’s largest cities and counties have seen a surge in population growth in the last decade, according to the most recent U.S. Census data released last week.

The state’s largest city, Oklahoma City, is seeing the largest spike in growth and is attracting new residents from across the country. Oklahoma City boasted a 15 percent increase, adding 73,867 residents over the last decade. Suburban counties just outside the city grew too, pushing the metro area to 1,252,987.

“We’re looking at very significant growth,” says Steven Barker, a senior researcher for the Oklahoma Commerce Department.

Oklahoma’s overall population grew 8.7 percent to 3,751,351 in the last decade. The state’s fastest growing large county, Canadian, which is located on Oklahoma City’s west side, increased its population 32 percent in the last decade.

New residents are flocking to the state due to its strong economy, Barker says. Oklahoma boasts a 6.6 percent unemployment rate, which is below the national average. Workers are being lured to the state’s oil and gas business, aerospace, universities, and other industries. Analysts also attribute the state’s surging population to the fact that the state mostly avoided the housing boom and subsequent crash.

Source: “Oklahoma City, Suburbs See ‘Significant Growth," USA Today (Feb. 16, 2011)





Browse all of today's news
E-mail this page to a friend
Give us feedback


Search news
Launch my search
 
Subscribe to news
Subscribe to News
Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns.

RSS Feed
Get the Daily Real Estate News delivered straight to your desktop or news aggregator. (New to RSS? Learn the basics here.)
 
 
SHARE YOUR INSIGHTS
How did you sell it?
Tell us how you overcame hurdles to sell a challenging or very unique listing!