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!

 

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. 

Contact Realtor: Haley Munro

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Niche

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 .

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⚠️ 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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