c.1940 Affordable Oklahoma Home $40K
$40,000
This 2-bedroom, 1-bath affordable Oklahoma home offers over 1,100 square feet of living space and is brimming with potential—just waiting for a touch of TLC to make it shine!
Realtor Comments
INVESTOR SPECIAL!! Do not miss this unique home located in a quiet neighborhood near the High School! This home has great bones, large living area with wood burning fireplace, large dining with build in buffet and large kitchen! The 2 bedrooms have ample space and nice size closets. Out back you will find a beautifully manicured yard with a storage shed. Do not miss the opportunity to make this house YOUR HOME! Call your Realtor or listing agent today to view this property!
- 2bed
- 1bath
- Circa 1950
215 N 16th St, Frederick, OK 73542 $40,000
If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.
Pros
Extremely Affordable Housing & Cost of Living
Median home value is around $50K–90K, with rent around $560–$700/month, and overall living costs are 20–30% below the U.S. average
Highly Rated Public Schools
Frederick Public Schools earn an “A–” rating on Niche, with favorable student-to-teacher ratios (~14:1) and strong academic performance at the elementary level
Tight-Knit, Diverse Community
With roughly 75% homeownership and a population around 3,500, Frederick has a small-town, community-focused feel. Strikingly, Niche gives it an A for diversity .
Reasonable Commute & Rural Peace
Average commute is short (~15–20 minutes), with most errands requiring a vehicle. The town is quiet, with well-kept yards and friendly neighbors
Basic Healthcare Present
The local Memorial Hospital serves general and pediatric needs, with larger medical centers accessible in nearby cities .
⚠️ Cons
High Crime Rates Compared to Similar Towns
Frederick has significantly higher violent and property crime rates than similarly sized U.S. towns. Your chance of falling victim to a crime is about 1 in 40 annually
Limited Job Market & Low Incomes
Median household income is low (~$31K–38K), and employment opportunities are narrow—mainly in healthcare, agriculture, or education
Few Amenities & Car-Dependent Lifestyle
Amenities are spread out, walkability is limited, and public transport is nearly non-existent—residents rely heavily on personal vehicles
School Quality Discrepancies
While the district earns good marks, standardized test scores and graduation rates trail state averages, with some rating agencies flagging education as a weakness
Vulnerability to Severe Weather
Located in a region prone to tornadoes and severe storms—residents must take precautions, such as keeping shelter available
Healthcare Options Limited
Basic services are available locally, but specialized medical care requires travel to larger cities
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