Points Consulting completed a comprehensive housing and demographic study for the city of Broken Arrow, Oklahoma, with the aim of assessing the current and future housing needs of the community. While Broken Arrow’s housing affordability outpaces national and state averages, around 72% of low-income renters are cost burdened, while around 15% of owner-occupied households are cost burdened. Additionally, 22% of prospective homebuyers struggle to afford average-priced homes. Despite its relative affordability, population growth threatens to inflate housing costs in the future, which may increase the share of those who are unable to afford a home. By evaluating the existing conditions and analyzing trends in population growth and housing supply over the next 20 years, Points Consulting provided recommendations to enhance and maintain existing neighborhoods, and improve mobility between them. The final study will provide valuable insights to the city on the regional housing market and can assist them in preparing for the future as well as enhancing the quality of life of their community.
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