Real Estate Investing in Oklahoma City, Oklahoma (73139)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73139 (Oklahoma City, OK)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.9% vacancy may signal weakening demand.
What’s happening in Oklahoma City, OK (73139)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73139 Oklahoma City
The 73139 ZIP in Oklahoma City, OK is a local-operator market. Outside capital chasing a $192K entry has to pair deep knowledge with the discount.
From an investor standpoint, the numbers look inviting — $192K purchase price, 0.0% nominal cap — the work to hit that pro forma in 73139 is substantial and deserves full respect.
Within OK, ZIP 73139 trails on several market indicators that neighboring Oklahoma County submarkets outperform. The gap is real and notable enough to shape underwriting.
On the rental side, 18,084 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.
The right play in 73139 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Oklahoma City:
Property Strategy for 73139
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $156,866 | $1,070 | 4.9% | +8.1% | $78,433 |
| 3BR | $185,034 | $1,440 | 5.6% | +7.1% | $61,678 |
| 4BR | $252,543 | $1,600 | 4.6% | +6.6% | $63,136 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73139 Compare?
| Metric | 73139 | Oklahoma City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $192,432 | $142,912 | N/A | $214,563 |
| 5-Year CAGR | 5.5% | 4.1% | N/A | 6.9% |
| Avg Rent | $892 | $1,288 | N/A | - |
| Cap Rate | 3.6% | 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 73139 (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 | $192,432 |
| Monthly Rent | $892 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | -12.0% ▼ |
| 3-Year CAGR | -1.7% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 73139
Population: 18,084
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 73139
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
HAYES ES
SANTA FE SOUTH MS
Dove Science Academy Middle School South OKC
DOVE SCIENCE ACADEMY SOUTH OKC
SANTA FE SOUTH HILLS 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
Is housing expensive in Oklahoma City, OK?
In Oklahoma City, OK the median home value sits at $192K. Against the broader OK market, that reads as reasonable for most investors.
Is the tenant base reliable in Oklahoma City, OK?
Oklahoma City, OK draws a predictable base of working renters. Demand at the $892/mo rent level is reasonable for standard single-family and small multi rentals.
How should investors approach 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.
Is Oklahoma City, OK a friendly market for rental owners?
The landlord environment in Oklahoma City, OK is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Are rents high in Oklahoma City, OK?
Investors in Oklahoma City, OK typically see rents near $892/mo per month against $192K home values - a solid setup for rental cash flow.
You know 73139 now. You don’t know where it ranks.
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How 73139 ranks in Oklahoma City, OK
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