Real Estate Investing in Oklahoma City, Oklahoma (73106)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73106 (Oklahoma City, OK)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 16.8% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.2% CAGR).
What’s happening in Oklahoma City, OK (73106)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73106 Oklahoma City
ZIP 73106 inside Oklahoma County looks affordable on the surface — median value of $190K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $190K asset, 73106 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within OK, ZIP 73106 trails on several market indicators that neighboring Oklahoma County submarkets outperform. The gap is real and resilient enough to shape underwriting.
The demographic picture in 73106 includes headwinds that any investor should price in. Income distribution skews lower than Oklahoma City averages, and tenant stability requires active management.
Strategically, 73106 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Oklahoma City:
Property Strategy for 73106
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $139,191 | $960 | 5.0% | +4.7% | $139,191 |
| 2BR | $142,526 | $1,180 | 6.0% | +3.5% | $71,263 |
| 3BR | $206,156 | $1,590 | 5.6% | +2.9% | $68,719 |
| 4BR | $321,208 | $1,760 | 3.9% | +3.7% | $80,302 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73106 Compare?
| Metric | 73106 | Oklahoma City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $190,041 | $142,912 | N/A | $214,563 |
| 5-Year CAGR | 1.2% | 4.1% | N/A | 6.9% |
| Avg Rent | $1,206 | $1,288 | N/A | - |
| Cap Rate | 5.0% | 5.0% | - | - |
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 73106 (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 | $190,041 |
| Monthly Rent | $1,206 |
| Price-to-Rent | 13.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.6% |
| Cap Rate | 5.0% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | -2.2% ▼ |
| 5-Year CAGR | +1.2% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 Rent Trends
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +3.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.0%). 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 73106
Population: 13,019
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 73106
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
HAWTHORNE ES
ROCKWOOD ES
WILSON ES
EMERSON ALTERNATIVE ED. (HS)
MARK TWAIN 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 2,890 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in Oklahoma City, OK?
Oklahoma City, OK median home values land near $190K. That is reasonable territory for investors looking at $1,206/mo-per-month rentals.
Is Oklahoma City, OK a good place for real estate investing?
Oklahoma City, OK rates 3.0/5 for investability. With median values at $190K and rents near $1,206/mo, the market offers reasonable fundamentals for rental investors.
How strong is the working-renter base in Oklahoma City, OK?
Working renters make up the core of the Oklahoma City, OK tenant base. The pool is reasonable for investors targeting long-term holds.
What approach is best for Oklahoma City, OK real estate?
In Oklahoma City, OK the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $190K prices and $1,206/mo rents suits that approach.
Is vacancy a concern in Oklahoma City, OK?
Vacancy in Oklahoma City, OK is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,206/mo.
You know 73106 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73106 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 73106 ranks in Oklahoma City, OK
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