Why Live in 50 Penn West
50 Penn West, a small suburb in northwest Oklahoma City, is known for its convenient location and good schools. Situated less than a mile south of Lake Hefner, one of the region's few natural lakes, the neighborhood provides quick access to Downtown Oklahoma City via Route 3, the Northwest Expressway, and Route 74, the Lake Hefner Expressway. Interstate 44 is also nearby. The area is not very walkable, but residents benefit from a short drive to various amenities. Housing options range from affordable two-bedroom postwar ranch-style homes to larger four-bedroom brick ranch-style homes. The neighborhood is served by the RAPID bus line, connecting residents to INTEGRIS Health Baptist Medical Center, a significant local employer and healthcare resource. Dining options along the Northwest Expressway include popular spots like Dave & Buster's, McAlister's Deli, and Schlotzsky's, while May Avenue features big box stores such as Target, Best Buy, and Home Depot. The Belle Isle Library and Penn Square Mall are also nearby. Although there are no parks within 50 Penn West, Lake Hefner offers a variety of recreational activities, including fishing, skateparks, boating, and bike lanes. The neighborhood's schools, including Kirkland Early Childhood Center and Belle Isle Middle School, are highly rated, making it an attractive option for families. Crime rates in 50 Penn West are lower than the national average, contributing to its appeal as a desirable place to live.
Frequently Asked Questions
Is 50 Penn West a good place to live?
50 Penn West is a good place to live. 50 Penn West is considered somewhat walkable and bikeable with some transit options. 50 Penn West is a suburban neighborhood. 50 Penn West has 6 parks for recreational activities. It is somewhat dense in population with 6.7 people per acre and a median age of 34. The average household income is $57,663 which is below the national average. College graduates make up 34.7% of residents. A majority of residents in 50 Penn West are renters, with 83.4% of residents renting and 16.6% of residents owning their home. A
local real estate agent serving 50 Penn West can help you decide if this neighborhood is the right one for you. Learn more on our
50 Penn West neighborhood guide.
How much do you need to make to afford a house in 50 Penn West?
The median home price in 50 Penn West is $385,000. If you put a 20% down payment of $77,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,990 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $85K a year to afford the median home price in 50 Penn West. The average household income in 50 Penn West is $58K.
What are the best public schools in 50 Penn West?
The best public schools that serve 50 Penn West are:
What are the best private schools in 50 Penn West?
The best private schools that serve 50 Penn West are:
What are the most popular zip codes in 50 Penn West, Oklahoma City, OK?
What are the most popular neighborhoods near 50 Penn West, Oklahoma City, OK?
Home Trends in 50 Penn West, OK
On average, homes in 50 Penn West, Oklahoma City sell after 93 days on the market compared to the national average of 70 days. The median sale price for homes in 50 Penn West, Oklahoma City over the last 12 months is $370,000.
Median Sale Price
$370,000
Median Single Family Sale Price
$175,000
Average Price Per Sq Ft
$950
Number of Homes for Sale
2
Last 12 months Home Sales
6
Median List Price
$385,000
Median Change From 1st List Price
4%