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For those who are searching for a new hometown that beautifully combines great hospitality with big city job opportunities and culture, Tulsa is the ideal place to take a closer look at. Located in northeastern Oklahoma, this is the second largest city in the state. The entire metro area is home to more than 640,000 residents, but with its sprawling suburbs, there are plenty of wide open spaces to lay down roots. If you are preparing to settle down in Tulsa, it is important to learn more about what the city offers.

Home Loan Programs Available in Tulsa

Long before you load up the moving truck and steer in the direction of Tulsa, you must find a place to call home. For most people, this involves applying for a new mortgage. Home mortgages make it far more affordable for the average person to make an expensive purchase, and you will love the fact that there are an exceptional range of loan programs to choose from. Everything from 15 to 30-year adjustable and fixed rate loans are available. This includes through FHA, VA, jumbo and conventional loan programs. Your lender can tell you more about the loan programs and terms that you qualify for when you apply.

The Average Price of Homes in Tulsa

You also must find the right home to purchase in Tulsa, and cost is always a concern when buying a home. The good news is that residential real estate is reasonably priced in Tulsa. In fact, the median home price in this area is $138,500, and this is well below the national average. If you choose to rent a home for a few months before you make a purchase, you can enjoy affordable rental rates. The median monthly rental payment for housing in Tulsa is $774.

Typical Incomes in Tulsa

Because housing is so affordable in Tulsa, you may expect incomes to fall on the lower side as well. However, this is not necessarily true. In fact, only 15 percent of residents fall below the poverty line. The per capita income in Tulsa is more than $28,000, and the average household income is more than $49,700. With these typical income levels and such affordable housing prices, you can see that many people lead a rather financially comfortable life in Tulsa. Income levels vary based on the industry you work in and other personal factors, such as your education level.

Tulsa Public Schools

Relocating to a new area with children generally means that you need to spend time learning more about the school district. While private schools are an option, public schools are overwhelmingly popular. The Tulsa Public Schools independent school district has more than 41,000 students, and it is the second largest in the state. It employs more than 7,000 staff members, and it has more than 70 schools to teach kids from the pre-K level through high school. Each school ranks differently in terms of graduation rates, and each has different academic programs. Discuss education options with your real estate agent if you have children.

Crime Rates in Tulsa

Tulsa is a city that offers many great things to improve residents’ quality of life, but it unfortunately lacks in the area of public safety. Crime is a common concern among residents, and all categories of both personal property crimes and violent crimes are a concern. In fact, in each category, the city lags far behind the state and national averages. Crime rates are typically higher in the downtown area than in select suburbs, and you can ask your real estate agent to limit your house hunting efforts to only the safest areas of town.

Applying for a new home loan is the first step to take when preparing to relocate to Tulsa. Through a pre-qualification with a lender, you can learn more about a sales price that is affordable for you and that you qualify for. Then, you can work with your real estate agent to narrow down your home search area to an area close to your new place of employment with great schools and a low crime rate. This will help you to more easily find a great new home in Tulsa.