Hopeton, OK

Real estate in Hopeton, OK is a hot commodity. With a population of just over 2,000 people, Hopeton is located in Payne County and has plenty of acreage for potential home buyers. The city's location is also a major selling point - it's only about an hour from Oklahoma City and Tulsa.

The median price of homes in Hopeton was $129,900 as of May 2017. This figure is up significantly from 2016 when the median price was just $94,500. In fact, the average price for homes sold in Hopeton during the past three years has been $135,000. This high demand has driven up prices considerably and there are now some properties that are listed for sale at well over $200,000.

One reason why real estate prices have been so high in Hopeton is because there are limited options available for buyers. The city has just under 1 square mile of land and while this may not seem like much compared to larger cities like Oklahoma City or Tulsa, it's actually quite restrictive when it comes to real estate development opportunities. As a result, most homes in Hopeton are single-family dwellings which limits the number of potential buyers who can participate in the market at any given time.

Despite these restrictions, there are still plenty of properties available for purchase in Hopeton - especially if you're looking for something that's outside the city center. There are several rural areas within easy reach that offer plenty of acreage and privacy - perfect for those who want to live away from the hustle and bustle of urban life.