Real Estate Investing in Oklahoma City, Oklahoma (73109)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73109 (Oklahoma City, OK)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 12.4% of homes vacant — above national norms.
- Elevated poverty: 23.2% poverty rate — can affect rent collection.
- Lower household income: $36,617 median — tenant affordability is tighter.
What’s happening in Oklahoma City, OK (73109)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73109 Oklahoma City
Investors eyeing 73109 need to respect the fundamentals at play. Home values of $112K come alongside slower price movement and elevated management overhead.
For an experienced owner, 73109 can be a an appealing option for hunting ground — but the discount at $112K reflects genuine risk that outside investors often underestimate.
Within OK, ZIP 73109 trails on several market indicators that neighboring Oklahoma County submarkets outperform. The gap is real and substantial enough to shape underwriting.
The 73109 ZIP's population of 20,904 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
Strategically, 73109 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 73109
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $69,001 | $810 | 8.5% | +6.3% | $69,001 |
| 2BR | $88,942 | $990 | 8.0% | +5.7% | $44,471 |
| 3BR | $120,165 | $1,330 | 8.0% | +5.4% | $40,055 |
| 4BR | $147,119 | $1,480 | 7.2% | +5.4% | $36,780 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73109 Compare?
| Metric | 73109 | Oklahoma City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $112,186 | $142,912 | N/A | $214,563 |
| 5-Year CAGR | 4.3% | 4.1% | N/A | 6.9% |
| Avg Rent | $917 | $1,288 | N/A | - |
| Cap Rate | 6.4% | 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 73109 (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 | $112,186 |
| Monthly Rent | $917 |
| Price-to-Rent | 10.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.8% |
| Cap Rate | 6.4% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | -10.1% ▼ |
| 3-Year CAGR | -0.8% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.4%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 73109
Population: 20,904
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 73109
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ADAMS ES
ARTHUR ES
ROCKWOOD ES
VAN BUREN ES
WHEELER MS
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 5,871 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much rent can I charge in Oklahoma City, OK?
Average rent in Oklahoma City, OK is approximately $917/mo per month. Against $112K home values that yields a reasonable rent-to-price ratio.
Is vacancy a concern in Oklahoma City, OK?
Oklahoma City, OK vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Does Oklahoma City, OK make sense for an investment property?
Oklahoma City, OK comes in at an investability rating of 3.0/5, with median home values near $112K and average rents around $917/mo. That combination puts it in the substantial tier for investor interest.
What is the average home sale price in Oklahoma City, OK?
Oklahoma City, OK home values average about $112K. That price point suits investors targeting rentals with $917/mo in monthly income.
How viable is house hacking in Oklahoma City, OK?
Oklahoma City, OK is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $112K price point reasonable to enter.
You know 73109 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73109 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 73109 ranks in Oklahoma City, OK
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