Real Estate Investing in Oklahoma City, Oklahoma (73108)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73108 (Oklahoma City, OK)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
- High vacancy: 13.4% of homes vacant — above national norms.
- Elevated poverty: 35.3% poverty rate — can affect rent collection.
- Lower household income: $34,640 median — tenant affordability is tighter.
What’s happening in Oklahoma City, OK (73108)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73108 Oklahoma City
Homes in the 73108 ZIP trade near $96K, a discount that has historically rewarded investors willing to renovate. Rent comps near $1,350/mo support the pro forma.
Investors in 73108 do not buy the market average — they buy the unit they can improve. $96K median pricing and $1,350/mo comps define the envelope within which the work has to pay.
Relative to OK, 73108 reads as a working-capital ZIP — prices below average, renter share elevated at 64%, and room for operator-led upside.
Residents in 73108 skew younger than the county average, and that matters for rehab positioning. Younger renters respond to finishes, appliances, and in-unit laundry in ways that move rent.
The resilient opportunity in 73108 is buying the worst house on the block, fixing it, and renting it at the top of the local band. That is the strategy, repeated.
Here's what matters if you're considering buying a home in Oklahoma City:
Property Strategy for 73108
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $59,504 | $840 | 10.2% | +6.3% | $59,504 |
| 2BR | $78,305 | $1,030 | 9.5% | +7.8% | $39,153 |
| 3BR | $107,549 | $1,390 | 9.3% | +8.4% | $35,850 |
| 4BR | $159,587 | $1,540 | 6.9% | +5.9% | $39,897 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73108 Compare?
| Metric | 73108 | Oklahoma City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $95,660 | $142,912 | N/A | $214,563 |
| 5-Year CAGR | 5.2% | 4.1% | N/A | 6.9% |
| Avg Rent | $1,350 | $1,288 | N/A | - |
| Cap Rate | 11.0% | 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 73108 (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 | $95,660 |
| Monthly Rent | $1,350 |
| Price-to-Rent | 5.9:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 16.9% |
| Cap Rate | 11.0% |
| 5-Year IRR | 16.2% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (11.0%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 73108
Population: 15,239
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 73108
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ADAMS ES
ARTHUR ES
HAWTHORNE ES
MOON MS
VAN BUREN 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 5,060 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do rentals go for in Oklahoma City, OK?
Rental rates in Oklahoma City, OK average $1,350/mo. Tenant demand and $96K home values make the yield look reasonable by investor standards.
Does buy-rehab-rent-refinance work in Oklahoma City, OK?
BRRRR works a strong in Oklahoma City, OK. With $96K ARVs and $1,350/mo rents, investors who buy right can refinance out most of their capital.
Should investors consider Oklahoma City, OK?
With a 5.0/5 investability score, Oklahoma City, OK ranks as a solid market for rental property investors. Median prices of $96K and rents of $1,350/mo drive the underlying numbers.
Which real estate strategy fits Oklahoma City, OK?
Investors who focus on value-add and BRRRR deals typically do well in Oklahoma City, OK. The numbers - $96K homes against $1,350/mo rents - support that play.
Does a duplex house hack pencil in Oklahoma City, OK?
The an attractive house-hack environment in Oklahoma City, OK reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 73108 now. You don’t know where it ranks.
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How 73108 ranks in Oklahoma City, OK
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