Real Estate Investing in Oklahoma City, Oklahoma (73102)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73102 (Oklahoma City, OK)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 9.9% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (0.3% CAGR).
What’s happening in Oklahoma City, OK (73102)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73102 Oklahoma City
This part of Oklahoma County is not an easy win. The 73102 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $302K asset, 73102 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 73102 and stronger Oklahoma City ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Stepping back, 3,590 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 73102 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 Oklahoma City:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73102 Compare?
| Metric | 73102 | Oklahoma City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $302,138 | $142,912 | N/A | $214,563 |
| 5-Year CAGR | 0.3% | 4.1% | N/A | 6.9% |
| Avg Rent | $1,430 | $1,288 | N/A | - |
| Cap Rate | 3.7% | 5.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73102 (Oklahoma City, OK). Anonymous, moderated, never written by AI.
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Property managers serving Oklahoma County
Manage rentals here? List your business →All County Heartland is a full-service residential property management company in Edmond, OK, focused on maximizing rental property revenue and maintaining investments. summary from their website
C-Star Management is a leader in property management, offering services for apartments, houses, and duplexes. summary from their website
Substancia Property Management offers single-family, multi-family, commercial, and HOA property management services in the Oklahoma City Metro and surrounding areas. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $302,138 |
| Monthly Rent | $1,430 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 4.0% |
📈 Home Appreciation
| 1-Year | -1.7% ▼ |
| 3-Year CAGR | -3.1% ▼ |
| 5-Year CAGR | +0.3% ▲ |
| 10-Year CAGR | +4.0% ▲ |
🏠 Rent Trends
| 1-Year | -5.6% ▼ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). 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 73102
Population: 3,590
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 73102
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
MOON MS
WILSON ES
ADELAIDE LEE ES
CAPITOL HILL MS
EUGENE FIELD 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 7,984 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What type of investing works in Oklahoma City, OK?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Oklahoma City, OK. The numbers - $302K homes against $1,430/mo rents - support that play.
What is the typical rental rate in Oklahoma City, OK?
Rental rates in Oklahoma City, OK average $1,430/mo. Tenant demand and $302K home values make the yield look reasonable by investor standards.
What is it like being a landlord in Oklahoma City, OK?
For rental operators, Oklahoma City, OK rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Does a duplex house hack pencil in Oklahoma City, OK?
House hacking in Oklahoma City, OK is a challenging. With home values around $302K and rents at $1,430/mo, owner-occupants can offset a meaningful share of PITI.
Does Oklahoma City, OK make sense for an investment property?
Oklahoma City, OK scores 2.0/5 for investability. Home values sit at $302K and rents near $1,430/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 73102 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73102 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 73102 ranks in Oklahoma City, OK
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