Real Estate Investing in Oklahoma City, Oklahoma (73117)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73117 (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: 15.1% of homes vacant — above national norms.
- Elevated poverty: 40.7% poverty rate — can affect rent collection.
- Lower household income: $22,152 median — tenant affordability is tighter.
What’s happening in Oklahoma City, OK (73117)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73117 Oklahoma City
Homes in the 73117 ZIP trade near $109K, a discount that has historically rewarded investors willing to renovate. Rent comps near $1,280/mo support the pro forma.
In 73117, the deal is made on the buy and on the capex. significant entry prices of $109K leave room in the budget for light-to-medium renovation, with rent lift to match.
Across Oklahoma City, pockets like 73117 represent the last affordable rungs of a rising ladder. The state-level data shows those rungs thinning.
Household income in 73117 supports the rent-lift thesis. 5,873 residents, deep working-age cohort, and the kind of tenant profile that responds to upgraded stock.
Experienced operators with contractor networks find 73117 a viable market for. First-time flippers often underestimate scope, budget, and timeline, which is how deals here turn sour.
Here's what matters if you're considering buying a home in Oklahoma City:
Property Strategy for 73117
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $81,412 | $1,120 | 9.9% | +8.4% | $40,706 |
| 3BR | $131,600 | $1,510 | 8.3% | +6.4% | $43,867 |
| 4BR | $148,033 | $1,670 | 8.1% | +6.6% | $37,008 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73117 Compare?
| Metric | 73117 | Oklahoma City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $109,467 | $142,912 | N/A | $214,563 |
| 5-Year CAGR | 3.7% | 4.1% | N/A | 6.9% |
| Avg Rent | $1,280 | $1,288 | N/A | - |
| Cap Rate | 9.1% | 5.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73117 (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 | $109,467 |
| Monthly Rent | $1,280 |
| Price-to-Rent | 7.1:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 14.0% |
| Cap Rate | 9.1% |
| 5-Year IRR | 12.8% |
📈 Home Appreciation
| 1-Year | -2.6% ▼ |
| 3-Year CAGR | -0.9% ▼ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (9.1%) 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 73117
Population: 5,873
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 73117
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
DEL CITY MS
TOWNSEND ES
DEL CITY ES
DEL CITY HS
EPPERLY HEIGHTS 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 5,231 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What real estate strategy is ideal for Oklahoma City, OK?
In Oklahoma City, OK the resilient play is typically value-add and BRRRR deals. The combination of $109K prices and $1,280/mo rents suits that approach.
Does Oklahoma City, OK meet the 1% rule for rental property?
The 1% rule is solid territory for Oklahoma City, OK. Rent-to-price at the median is 1.17%, putting many properties within striking distance.
Is Oklahoma City, OK a good market for FHA house hackers?
House hacking in Oklahoma City, OK is reasonable to execute. Prices around $109K and rents of $1,280/mo solid owner-occupant economics.
Is Oklahoma City in OK worth investing in?
Yes - Oklahoma City, OK a 5.0/5 investability score. With $109K home prices against $1,280/mo monthly rent, the market delivers a reasonable entry point for new investors.
How do BRRRR numbers look in Oklahoma City, OK?
Oklahoma City, OK is a strong for BRRRR. Acquiring below market, rehabbing, and leasing at $1,280/mo produces solid refinance appraisals against $109K values.
You know 73117 now. You don’t know where it ranks.
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How 73117 ranks in Oklahoma City, OK
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