Real Estate Investing in Del City, Oklahoma (73115)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73115 (Del 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 middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.4% vacancy may signal weakening demand.
What’s happening in Del City, OK (73115)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73115 Del City
ZIP 73115 inside Oklahoma County looks affordable on the surface — median value of $141K — but the discount exists for reasons that a careful buyer should understand before committing.
In practical terms, the numbers look inviting — $141K purchase price, 0.0% nominal cap — the work to hit that pro forma in 73115 is substantial and deserves full respect.
Nearby ZIPs in Del City have seen price recovery that 73115 has not matched. Oklahoma County data supports the view that the spread is structural rather than temporary.
The 73115 ZIP's population of 20,407 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
The 73115 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Del City:
Property Strategy for 73115
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $103,728 | $1,120 | 7.8% | +8.8% | $51,864 |
| 3BR | $141,004 | $1,510 | 7.7% | +8.0% | $47,001 |
| 4BR | $174,530 | $1,670 | 6.9% | +7.5% | $43,632 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73115 Compare?
| Metric | 73115 | Del City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $140,607 | $140,607 | N/A | $214,563 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 6.9% |
| Avg Rent | $1,193 | $1,193 | N/A | - |
| Cap Rate | 6.6% | 6.6% | - | - |
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 73115 (Del 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 | $140,607 |
| Monthly Rent | $1,193 |
| Price-to-Rent | 9.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.2% |
| Cap Rate | 6.6% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 Rent Trends
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.1% ▲ |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.6%). 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 73115
Population: 20,407
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 73115
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
DOUGLASS HS
WHEELER MS
BODINE ES
CESAR CHAVEZ ES
CENTRAL OAK 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 3,152 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Del City, OK?
Del City, OK stands at an investability rating of 3.0/5, with median home values near $141K and average rents around $1,193/mo. That combination puts it in the notable tier for investor interest.
What is the best play in Del City, OK?
The best-fit strategy in Del City, OK is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What kind of vacancy should I budget for in Del City, OK?
Expect elevated vacancy in Del City, OK. Rents at $1,193/mo are absorbed by the tenant base without meaningful lag.
Is Del City, OK landlord-friendly?
Landlord-friendliness in Del City, OK is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How much is rent in Del City, OK?
Average rent in Del City, OK is approximately $1,193/mo per month. Against $141K home values that yields a reasonable rent-to-price ratio.
You know 73115 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73115 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 73115 ranks in Oklahoma City, OK
Every ZIP in this metro, ranked. Free.
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