Real Estate Investing in Oklahoma City, Oklahoma (73128)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73128 (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.
- Elevated vacancy: 11.6% vacancy may signal weakening demand.
What’s happening in Oklahoma City, OK (73128)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73128 Oklahoma City
The 73128 ZIP covers a section of Oklahoma City that demands careful diligence. Prices near $265K look accessible, but the work to make a deal cash flow is real.
Meanwhile, the numbers look inviting — $265K purchase price, 0.0% nominal cap — the work to hit that pro forma in 73128 is substantial and deserves full respect.
Nearby ZIPs in Oklahoma City have seen price recovery that 73128 has not matched. Oklahoma County data supports the view that the spread is structural rather than temporary.
Who lives in 73128 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Oklahoma City:
Property Strategy for 73128
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $228,088 | $2,150 | 6.8% | +7.2% | $76,029 |
| 4BR | $364,072 | $2,390 | 4.7% | +6.7% | $91,018 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73128 Compare?
| Metric | 73128 | Oklahoma City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $265,283 | $142,912 | N/A | $214,563 |
| 5-Year CAGR | 5.7% | 4.1% | N/A | 6.9% |
| Avg Rent | $1,367 | $1,288 | N/A | - |
| Cap Rate | 4.0% | 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 73128 (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 | $265,283 |
| Monthly Rent | $1,367 |
| Price-to-Rent | 16.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). 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 73128
Population: 7,011
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 73128
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
WESTERN HEIGHTS MS
COUNCIL GROVE ES
WESTERN HEIGHTS HS
GREENVALE ES
WINDS WEST 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 5,060 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much do tenants pay in Oklahoma City, OK?
Rent in Oklahoma City, OK is around $1,367/mo. The resulting rent-to-value relationship with $265K pricing is reasonable for most investor models.
Is OK a landlord-friendly state?
The landlord environment in Oklahoma City, OK is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the rental occupancy rate in Oklahoma City, OK?
Occupancy in Oklahoma City, OK runs predictable with elevated vacancy. Well-priced units at $1,367/mo lease on reasonable timelines.
Does house hacking make sense in Oklahoma City, OK?
House hacking in Oklahoma City, OK is reasonable to execute. Prices around $265K and rents of $1,367/mo solid owner-occupant economics.
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 $265K and rents around $1,367/mo create a solid backdrop for investor activity.
You know 73128 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73128 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 73128 ranks in Oklahoma City, OK
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