Real Estate Investing in Oklahoma City, Oklahoma (73132)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73132 (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: 9.9% vacancy may signal weakening demand.
What’s happening in Oklahoma City, OK (73132)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73132 Oklahoma City
Not every below-median market is a bargain. Oklahoma City's 73132 ZIP sits at signals that favor experienced operators who can absorb the risk $237K pricing implies.
Meanwhile, the numbers look inviting — $237K purchase price, 0.0% nominal cap — the work to hit that pro forma in 73132 is substantial and deserves full respect.
Within OK, ZIP 73132 trails on several market indicators that neighboring Oklahoma County submarkets outperform. The gap is real and robust enough to shape underwriting.
A significant renter share of 47% in 73132 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 73132 is an operator game, not a passive one. Looking more closely, entry prices of $237K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Oklahoma City:
Property Strategy for 73132
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $158,341 | $1,150 | 5.2% | +3.5% | $79,171 |
| 3BR | $220,664 | $1,550 | 5.1% | +6.3% | $73,555 |
| 4BR | $260,221 | $1,720 | 4.8% | +5.7% | $65,055 |
| 5BR | $289,001 | — | — | +5.3% | $57,800 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73132 Compare?
| Metric | 73132 | Oklahoma City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $237,395 | $142,912 | N/A | $214,563 |
| 5-Year CAGR | 4.4% | 4.1% | N/A | 6.9% |
| Avg Rent | $1,308 | $1,288 | N/A | - |
| Cap Rate | 4.3% | 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 73132 (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 | $237,395 |
| Monthly Rent | $1,308 |
| Price-to-Rent | 15.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 Rent Trends
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +5.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). 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 73132
Population: 27,768
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 73132
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
LAKE PARK ES
APOLLO ES
OVERHOLSER ES
RALPH DOWNS ES
ROLLINGWOOD 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 4,489 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the rental occupancy rate in Oklahoma City, OK?
Expect elevated vacancy in Oklahoma City, OK. Rents at $1,308/mo are absorbed by the tenant base without meaningful lag.
How much is rent in Oklahoma City, OK?
Rental rates in Oklahoma City, OK average $1,308/mo. Tenant demand and $237K home values make the yield look reasonable by investor standards.
How strict are landlord regulations in Oklahoma City, OK?
For rental operators, Oklahoma City, OK rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What real estate strategy is ideal for 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.
Does Oklahoma City, OK make sense for an investment property?
Oklahoma City, OK reports an investability rating of 3.0/5, with median home values near $237K and average rents around $1,308/mo. That combination puts it in the resilient tier for investor interest.
You know 73132 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73132 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 73132 ranks in Oklahoma City, OK
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