Real Estate Investing in Norman, Oklahoma (73069)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73069 (Norman, OK)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.2% vacancy may signal weakening demand.
What’s happening in Norman, OK (73069)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73069 Norman
ZIP 73069 in Norman, OK carries a robust set of headwinds. Home values near $247K and rents of $1,421/mo sit inside a market where underwriting has to be tight.
The investment case in 73069 is robust only for operators who understand what they are buying. A $247K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
On balance, 73069 offers a low basis, the region around Norman has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Turning to rents, 28,314 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 73069 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Norman:
Property Strategy for 73069
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $119,902 | $990 | 5.9% | +9.7% | $119,902 |
| 2BR | $160,761 | $1,210 | 5.4% | +7.9% | $80,381 |
| 3BR | $232,921 | $1,630 | 5.0% | +7.3% | $77,640 |
| 4BR | $343,235 | $1,810 | 3.8% | +6.5% | $85,809 |
| 5BR | $493,885 | — | — | +6.5% | $98,777 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73069 Compare?
| Metric | 73069 | Norman | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $246,568 | $187,848 | N/A | $214,563 |
| 5-Year CAGR | 6.1% | 5.5% | N/A | 6.9% |
| Avg Rent | $1,421 | $1,315 | N/A | - |
| Cap Rate | 4.5% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73069 (Norman, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $246,568 |
| Monthly Rent | $1,421 |
| Price-to-Rent | 14.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | +13.3% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +7.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 73069
Population: 28,314
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 73069
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
DIMENSIONS ACADEMY
JEFFERSON ES
KENNEDY ES
RONALD REAGAN ES
LAKEVIEW ES
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,243 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the renter demographic in Norman, OK?
Tenant quality in Norman, OK ranks as solid. Landlords generally report reliable occupancy at market rents of $1,421/mo.
How does Norman, OK rate as a rental market?
Norman, OK scores 3.0/5 for investability. Home values sit at $247K and rents near $1,421/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is OK a landlord-friendly state?
The landlord environment in Norman, OK is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is Norman, OK good for house hacking?
House hacking in Norman, OK is a challenging. With home values around $247K and rents at $1,421/mo, owner-occupants can offset a meaningful share of PITI.
Are homes affordable in Norman, OK?
Norman, OK home values average about $247K. That price point suits investors targeting rentals with $1,421/mo in monthly income.
You know 73069 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73069 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 73069 ranks in Oklahoma City, OK
Every ZIP in this metro, ranked. Free.
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