Real Estate Investing in Oklahoma City, Oklahoma (73120)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73120 (Oklahoma City, OK)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 11.8% vacancy may signal weakening demand.
What’s happening in Oklahoma City, OK (73120)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73120 Oklahoma City
The 73120 ZIP in Oklahoma City, OK is a local-operator market. Outside capital chasing a $243K entry has to pair deep knowledge with the discount.
Put differently, the numbers look inviting — $243K purchase price, 0.0% nominal cap — the work to hit that pro forma in 73120 is substantial and deserves full respect.
The gap between 73120 and stronger Oklahoma City ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 73120 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.
The 73120 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 Oklahoma City:
Property Strategy for 73120
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $95,213 | $1,050 | 7.9% | +8.6% | $95,213 |
| 2BR | $161,226 | $1,290 | 5.8% | +6.3% | $80,613 |
| 3BR | $234,455 | $1,740 | 5.3% | +5.7% | $78,152 |
| 4BR | $395,518 | $1,930 | 3.5% | +6.4% | $98,880 |
| 5BR | $726,817 | — | — | +6.7% | $145,363 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73120 Compare?
| Metric | 73120 | Oklahoma City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $242,644 | $142,912 | N/A | $214,563 |
| 5-Year CAGR | 4.4% | 4.1% | N/A | 6.9% |
| Avg Rent | $1,307 | $1,288 | N/A | - |
| Cap Rate | 4.2% | 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 73120 (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 | $242,644 |
| Monthly Rent | $1,307 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 Rent Trends
| 1-Year | -1.9% ▼ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +2.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 73120
Population: 34,651
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 73120
Schools in This ZIP Code
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
NICHOLS HILLS ES
Scissortail Elementary School
INDEPENDENCE CHARTER 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 2,410 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 $243K prices and $1,307/mo rents. Investors generally consider it a solid option within OK.
What is the typical home price in Oklahoma City, OK?
The median home value in Oklahoma City, OK is roughly $243K. That puts it reasonable relative to the OK statewide average.
What is the rental occupancy rate in Oklahoma City, OK?
Rental vacancy in Oklahoma City, OK is elevated. Investors should budget normal turnover but not chronic empty units.
Does Oklahoma City, OK favor landlords or tenants?
For rental operators, Oklahoma City, OK rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What do landlords charge for rent in Oklahoma City, OK?
Investors in Oklahoma City, OK typically see rents near $1,307/mo per month against $243K home values - a solid setup for rental cash flow.
You know 73120 now. You don’t know where it ranks.
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How 73120 ranks in Oklahoma City, OK
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