Real Estate Investing in Oklahoma City, Oklahoma (73134)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73134 (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: 15.5% of homes vacant — above national norms.
What’s happening in Oklahoma City, OK (73134)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73134 Oklahoma City
Turning to rents, ZIP 73134 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $197K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 73134 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Meanwhile, 73134 offers a low basis, the region around Oklahoma City has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Meanwhile, 6,874 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 73134 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 73134
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $97,305 | $1,120 | 8.3% | +7.1% | $97,305 |
| 2BR | $137,869 | $1,370 | 7.2% | +5.9% | $68,935 |
| 3BR | $257,083 | $1,840 | 5.2% | +5.3% | $85,694 |
| 4BR | $412,475 | $2,040 | 3.6% | +6.1% | $103,119 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73134 Compare?
| Metric | 73134 | Oklahoma City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $196,998 | $142,912 | N/A | $214,563 |
| 5-Year CAGR | 3.4% | 4.1% | N/A | 6.9% |
| Avg Rent | $1,278 | $1,288 | N/A | - |
| Cap Rate | 5.1% | 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 73134 (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 | $196,998 |
| Monthly Rent | $1,278 |
| Price-to-Rent | 12.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | -0.2% ▼ |
| 3-Year CAGR | -0.8% ▼ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 Rent Trends
| 1-Year | -5.9% ▼ |
| 3-Year CAGR | -1.0% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.1%). 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 73134
Population: 6,874
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 73134
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
JOHN MARSHALL MS
QUAIL CREEK ES
JOHN MARSHALL HS
RIDGEVIEW 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 4,620 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Oklahoma City, OK?
Our data puts Oklahoma City, OK at 3.0/5 for investability. Home prices of $197K and rents around $1,278/mo create a solid backdrop for investor activity.
Which real estate strategy fits Oklahoma City, OK?
Most investors in Oklahoma City, OK run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is vacancy a concern in Oklahoma City, OK?
Vacancy in Oklahoma City, OK is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,278/mo.
What is the average home sale price in Oklahoma City, OK?
Median home price in Oklahoma City, OK is near $197K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
What is the tenant pool like in Oklahoma City, OK?
Oklahoma City, OK offers a stable renter base at the $1,278/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 73134 now. You don’t know where it ranks.
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How 73134 ranks in Oklahoma City, OK
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