Real Estate Investing in Oklahoma City, Oklahoma (73116)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73116 (Oklahoma City, OK)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.0% vacancy may signal weakening demand.
What’s happening in Oklahoma City, OK (73116)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73116 Oklahoma City
The 73116 ZIP covers a section of Oklahoma City that demands careful diligence. Prices near $321K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 73116 can be a a strong candidate for hunting ground — but the discount at $321K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Oklahoma City have seen price recovery that 73116 has not matched. Oklahoma County data supports the view that the spread is structural rather than temporary.
The demographic picture in 73116 includes headwinds that any investor should price in. Income distribution skews lower than Oklahoma City averages, and tenant stability requires active management.
Distressed ZIPs reward experience. resilient returns are possible in 73116, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Oklahoma City:
Property Strategy for 73116
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $193,386 | $1,310 | 4.9% | +6.7% | $96,693 |
| 3BR | $293,926 | $1,760 | 4.3% | +5.7% | $97,975 |
| 4BR | $901,113 | $1,960 | 1.6% | +6.2% | $225,278 |
| 5BR | $1,868,921 | — | — | +5.4% | $373,784 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73116 Compare?
| Metric | 73116 | Oklahoma City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $320,547 | $142,912 | N/A | $214,563 |
| 5-Year CAGR | 4.0% | 4.1% | N/A | 6.9% |
| Avg Rent | $1,571 | $1,288 | N/A | - |
| Cap Rate | 3.8% | 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 73116 (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 | $320,547 |
| Monthly Rent | $1,571 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | -3.9% ▼ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 73116
Population: 10,016
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 73116
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
JOHN MARSHALL MS
MONROE ES
QUAIL CREEK ES
JOHN MARSHALL HS
BELLE ISLE 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 2,890 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Oklahoma City, OK a good market for buy-and-hold investors?
Our data puts Oklahoma City, OK at 3.0/5 for investability. Home prices of $321K and rents around $1,571/mo create a solid backdrop for investor activity.
How high is vacancy risk in Oklahoma City, OK?
Oklahoma City, OK carries elevated vacancy risk. Expect even-keeled absorption at market rents of $1,571/mo.
Is Oklahoma City, OK better for rentals, flips, or BRRRR?
Oklahoma City, OK investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($321K prices, $1,571/mo rents) make it a reasonable choice.
Is it easy to find good tenants in Oklahoma City, OK?
Tenant demand in Oklahoma City, OK is solid. The local workforce $1,571/mo rents across most rental classes.
Are rents high in Oklahoma City, OK?
Oklahoma City, OK rentals go for roughly $1,571/mo a month. That puts gross yield in solid territory relative to $321K acquisition costs.
You know 73116 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73116 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 73116 ranks in Oklahoma City, OK
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