Real Estate Investing in Oklahoma City, Oklahoma (73118)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73118 (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: 12.3% of homes vacant — above national norms.
What’s happening in Oklahoma City, OK (73118)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73118 Oklahoma City
ZIP 73118 inside Oklahoma County looks affordable on the surface — median value of $237K — but the discount exists for reasons that a careful buyer should understand before committing.
The 73118 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within OK, ZIP 73118 trails on several market indicators that neighboring Oklahoma County submarkets outperform. The gap is real and resilient enough to shape underwriting.
Demographically, 73118 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 73118 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Oklahoma City:
Property Strategy for 73118
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $142,055 | $990 | 5.0% | +10.6% | $142,055 |
| 2BR | $179,973 | $1,210 | 4.8% | +4.6% | $89,987 |
| 3BR | $258,051 | $1,630 | 4.5% | +4.3% | $86,017 |
| 4BR | $428,913 | $1,810 | 3.0% | +4.7% | $107,228 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73118 Compare?
| Metric | 73118 | Oklahoma City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $236,880 | $142,912 | N/A | $214,563 |
| 5-Year CAGR | 3.2% | 4.1% | N/A | 6.9% |
| Avg Rent | $1,496 | $1,288 | N/A | - |
| Cap Rate | 4.9% | 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 73118 (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 | $236,880 |
| Monthly Rent | $1,496 |
| Price-to-Rent | 13.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.6% |
| Cap Rate | 4.9% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.9%). 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 73118
Population: 14,118
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 73118
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
MILLWOOD ARTS ACADEMY MS
MONROE ES
MOON MS
THELMA R. PARKS ES
WILSON 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 2,890 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Oklahoma City, OK stack up for property investment?
The 3.0/5 investability rating in Oklahoma City, OK reflects its $237K prices and $1,496/mo rents. Investors generally consider it a solid option within OK.
What are home prices like in Oklahoma City, OK?
In Oklahoma City, OK the median home value sits at $237K. Against the broader OK market, that reads as reasonable for most investors.
Are there empty rentals in Oklahoma City, OK?
Oklahoma City, OK carries elevated vacancy risk. Expect stable absorption at market rents of $1,496/mo.
Are eviction rules reasonable in Oklahoma City, OK?
Oklahoma City, OK operates under OK law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
What is the best play in Oklahoma City, OK?
The best-fit strategy in Oklahoma City, OK is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 73118 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73118 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 73118 ranks in Oklahoma City, OK
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