c.1930 Oklahoma Handyman Special $45K
OHU50K Notes $45,000
c.1930 Oklahoma Handyman Special. This home has had some updating but still needs some love.
Realtor Comments
Welcome to this charming and spacious 2-bedroom, 1-bath home that offers comfort, flexibility, and room to grow. Inside, youll find a generously sized living room perfect for relaxing or entertaining, along with a large eat-in kitchen, including all appliances, that provides plenty of space for cooking and gathering. A versatile bonus area adds even more valueideal for a home office, playroom, or hobby space to fit your lifestyle needs. The home also features a dedicated laundry room complete with a washer and dryer for added convenience. Step outside to enjoy the huge fenced-in backyard, perfect for pets, outdoor activities, or simply unwinding in your own private space. The property also includes a cellar, offering extra storage or a safe place during stormy weather. This home combines functionality, space, and comfort making it a wonderful place to call your own.
- bed
- bath
- Build date 1930
Pros
Extremely low cost of living
- One of the biggest advantages
- Median home values can be as low as ~$44K–$90K
- Overall cost of living is well below the national average
This is one of the cheapest places you’ve asked about.
Quiet, small-town lifestyle
- Population only around 3,400–3,600 people
- Very peaceful, low noise, low traffic
- Tight-knit, “everyone knows everyone” vibe
Strong community feel
- Locals often describe it as friendly and close-knit
- Classic rural Oklahoma culture (agriculture-based town)
Decent local schools (for a small town)
- Schools score relatively well for the size of the town
- Can be a plus for families wanting affordability + basic education access
Easy living / low stress
- No congestion
- Simple layout → easy daily life
- Walkable downtown areas in parts
Cons (these are important)
Weak job market (biggest issue)
- Local economy is limited:
- Agriculture
- Small manufacturing
- Basic services
- Few high-paying or specialized jobs
You’ll likely need:
- Remote work, OR
- A commute to a larger city
High poverty & low incomes
- Poverty rate around ~20.6% (well above U.S. average)
- Per capita income is low compared to national levels
Crime concerns
- Crime is noted as a key downside in livability reports
Not necessarily extreme, but not a strong point either.
Very small town limitations
- Limited:
- Social life
- Dating pool
- Diversity
- Can feel isolating over time
Very little to do
- Minimal:
- Restaurants
- Entertainment
- Nightlife
- You’ll likely travel for most activities
Declining population
- Population has been shrinking (~-5.9% over 5 years)
- Can lead to:
- Fewer businesses
- Less investment
- Slower growth
Car dependency & limited amenities
- Few services within walking distance
- Limited healthcare and shopping options locally
Weather risks (regional factor)
- Oklahoma weather can include:
- Tornadoes
- Severe storms
- Hot summers
Bottom line
Frederick is a good fit if you want:
- Extremely cheap housing
- A quiet, rural lifestyle
- A tight-knit, slower-paced community
