Real Estate Investing in Oklahoma City, Oklahoma (73119)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73119 (Oklahoma 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.
- High vacancy: 12.2% of homes vacant — above national norms.
- Elevated poverty: 20.9% poverty rate — can affect rent collection.
What’s happening in Oklahoma City, OK (73119)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73119 Oklahoma City
The 73119 ZIP covers a section of Oklahoma City that demands careful diligence. Prices near $116K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 73119 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Oklahoma City have seen price recovery that 73119 has not matched. Oklahoma County data supports the view that the spread is structural rather than temporary.
Resident income in 73119 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Oklahoma City's stable or hybrid ZIPs before stepping into 73119. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Oklahoma City:
Property Strategy for 73119
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $62,504 | $880 | 10.1% | +6.7% | $62,504 |
| 2BR | $87,774 | $1,080 | 8.9% | +7.6% | $43,887 |
| 3BR | $119,677 | $1,450 | 8.7% | +6.7% | $39,892 |
| 4BR | $146,521 | $1,610 | 7.9% | +6.6% | $36,630 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73119 Compare?
| Metric | 73119 | Oklahoma City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $116,278 | $142,912 | N/A | $214,563 |
| 5-Year CAGR | 5.8% | 4.1% | N/A | 6.9% |
| Avg Rent | $1,108 | $1,288 | N/A | - |
| Cap Rate | 7.4% | 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 73119 (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 | $116,278 |
| Monthly Rent | $1,108 |
| Price-to-Rent | 8.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.4% |
| Cap Rate | 7.4% |
| 5-Year IRR | 13.3% |
📈 Home Appreciation
| 1-Year | +11.3% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 Rent Trends
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.4%). 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 73119
Population: 30,307
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 73119
Schools in This ZIP Code
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 5,060 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are rental rates like in Oklahoma City, OK?
Oklahoma City, OK rentals go for roughly $1,108/mo a month. That puts gross yield in solid territory relative to $116K acquisition costs.
How do landlord-tenant laws work in Oklahoma City, OK?
Landlord-friendliness in Oklahoma City, OK is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How expensive is real estate in Oklahoma City, OK?
In Oklahoma City, OK the median home value sits at $116K. Against the broader OK market, that reads as reasonable for most investors.
What kind of market is Oklahoma City, OK for investors?
Oklahoma City, OK rates 3.0/5 for investability. With median values at $116K and rents near $1,108/mo, the market offers reasonable fundamentals for rental investors.
What kind of tenants rent in Oklahoma City, OK?
Tenant demand in Oklahoma City, OK is solid. The local workforce $1,108/mo rents across most rental classes.
You know 73119 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73119 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 73119 ranks in Oklahoma City, OK
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