Small c.1970 Well-Maintained Oklahoma Home Under $59K

 Pros

• Very inexpensive housing. This is probably Cement’s biggest attraction. Census data puts the median owner-occupied home value at about $48K, while Niche reports median rent around $674.
• Low overall cost of living. Multiple sources rate Cement very favorably for affordability.
• Quiet, rural environment. With only about 400 residents, this is genuinely small-town living rather than suburban living
• Generally low crime. Crime is one of the areas where Cement scores well in available livability assessments.
• High homeownership. About 61% of occupied homes in the town are owner-occupied; across the broader Cement Public Schools area, the figure is about 77%.
• You have basic necessities locally. Dollar General provides everyday goods, while Gas & Go provides fuel and convenience items.
• Some charming small-town businesses. Loud Mountain Trading Co & Soda Fountain gives the downtown area some local character.
• Good option if you value privacy and space. Particularly if you’re looking at a property outside the town center, you can get considerably more land for your money than in Oklahoma City’s surrounding communities.
• Schools aren’t necessarily a deal-breaker. Niche gives Cement High School a B, although the overall public-school grade for the town is C.

Cons

• Extremely small population. Around 400 people means limited businesses, services, activities and employment opportunities.
• Limited shopping. Having a Dollar General and convenience stores is useful, but you’ll need to drive for a substantial grocery run, larger retail purchases or many services.
• Healthcare access is a concern. AreaVibes specifically flags accessibility to hospitals, clinics, doctors and pharmacies as a weakness.
• Few local jobs. Cement’s median household income is only about $36K, substantially below Oklahoma’s statewide median of roughly $65K.
• You will need a car. Public transportation is essentially not a selling point, and the town isn’t particularly walkable.
• Small-town housing market. A $50K house may sound incredibly cheap, but there are fewer buyers when you eventually want to sell. That’s an important consideration if you’re buying strictly as an investment.
• Population has been declining. Some datasets show a recent downward population trend, which can contribute to fewer services and slower economic growth.
• Outdoor amenities aren’t as extensive as you might expect. Niche gives the town a D for outdoor activities, despite the rural setting.
• Weather can be rough. Oklahoma means hot summers, severe thunderstorms, tornado risk and occasional winter weather. Niche gives the weather an A−, but that’s more about overall climate than eliminating severe-weather risks.
• Economic demographics are relatively weak. The town’s per-capita income is about $26,400 versus roughly $35,600 statewide.