c.1919 Four Bedroom Oklahoma Bungalow $40K

1208 SE Delaware Ave, Bartlesville, OK 74003   $40,000

• Contact Realtor: Allison Atkinson
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• Niche

Pros

1. Low Cost of Living & Affordable Housing

   • The cost of living index in Bartlesville is about 87, which is roughly 13% lower than the U.S. average.

   • The median home value is around $128,600, which is ~44% below the national average.

   • Rent and other living expenses are lower, making it more accessible for many people.

2. Reasonable Commutes, Family‑Friendly Features

   • Average commute times tend to be moderate since it’s smaller and less congested than many metros.

   • There are many family‑friendly amenities: parks (e.g., Johnstone Park, Sooner Park), walking trails, recreational facilities, a community center, and cultural spots.

   • The public schools are considered good. According to the chamber site, Bartlesville Public Schools and other private schools receive positive recognition

3. Strong Local Economy in Certain Sectors & Jobs

   • Historically and currently, Bartlesville has a strong presence in energy / oil & gas (Phillips Petroleum, ConocoPhillips, Phillips 66) and related industries.

   • The city boasts a “diverse selection of homes… for all budgets” and is centrally located for regional markets.

4. Natural Beauty & Cultural Character

   • Bartlesville is located near the Osage Hills, has scenic surroundings, and a number of outdoor recreation options.

   • It also has cultural landmarks (including the famed Price Tower by Frank Lloyd Wright) and some historic downtown and local arts/cultural offerings.

Cons

1. Crime & Safety Issues

   • Overall crime rate in Bartlesville is higher than the national average — for example, property crime is significantly above average.

   • While violent crime may be lower than national average, the elevated property crime and overall crime rate raise concerns for some.

2. Lower Median Income & Job Market Limitations

   • The typical household income is ~$53,098, which is about 21% below the U.S. median.

   • Unemployment rate (~5.6%) is higher than the national average in some periods

   • Some commenters note that many well-paying jobs may be tied to the dominant companies; if those contract, the local economy may suffer. (As noted in Reddit threads)

3. Limited Amenities / Public Transit / Walkability

   • Many amenities (stores, entertainment, etc.) are not always within walking distance; the city is fairly car‑dependent.

   • Public transit is limited; commuting without a vehicle may be harder.

   • Some categories (amenities, entertainment, specialty services) score lower in local listings.

4. Vulnerability to Economic Fluctuations & Industry Dependence

   • Because a significant portion of economic identity is tied to energy / manufacturing, downturns in those industries may disproportionately affect the city. Reddit commentary mentions housing market sensitivity when large employers reduce staff.

   • Some parts of town feel less maintained or not fully invested in (e.g., feedback regarding West Bartlesville) suggesting uneven development.

5. Weather & Environmental Hazards

   • Bartlesville is in Oklahoma’s “Tornado Alley,” meaning risk of severe weather, including tornadoes.

   • Summers can be very hot/humid; winters can bring extremes (though less severe than some places).