Real Estate Investing in Oklahoma City, Oklahoma (73142)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73142 (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.
- High price-to-rent: Price-to-rent ratio 27.4 — hard to cash-flow at these prices.
What’s happening in Oklahoma City, OK (73142)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73142 Oklahoma City
ZIP 73142 inside Oklahoma County looks affordable on the surface — median value of $365K — but the discount exists for reasons that a careful buyer should understand before committing.
Stepping back, the numbers look inviting — $365K purchase price, 0.0% nominal cap — the work to hit that pro forma in 73142 is substantial and deserves full respect.
Within OK, ZIP 73142 trails on several market indicators that neighboring Oklahoma County submarkets outperform. The gap is real and notable enough to shape underwriting.
Who lives in 73142 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 73142 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Oklahoma City:
Property Strategy for 73142
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $245,214 | $1,350 | 4.0% | +5.2% | $122,607 |
| 3BR | $285,341 | $1,820 | 4.6% | +5.6% | $95,114 |
| 4BR | $462,533 | $2,020 | 3.1% | +5.7% | $115,633 |
| 5BR | $772,894 | — | — | +5.5% | $154,579 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73142 Compare?
| Metric | 73142 | Oklahoma City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $365,401 | $142,912 | N/A | $214,563 |
| 5-Year CAGR | 3.8% | 4.1% | N/A | 6.9% |
| Avg Rent | $1,111 | $1,288 | N/A | - |
| Cap Rate | 2.4% | 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 73142 (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 | $365,401 |
| Monthly Rent | $1,111 |
| Price-to-Rent | 27.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +3.5% ▲ |
🏠 Rent Trends
| 1-Year | -14.2% ▼ |
| 3-Year CAGR | -2.8% ▼ |
| 5-Year CAGR | -1.0% ▼ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.4%). 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 73142
Population: 16,364
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 73142
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
RALPH DOWNS ES
DENNIS ES
HARVEST HILLS ES
PUTNAM CITY NORTH HS
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
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 $365K and rents around $1,111/mo create a solid backdrop for investor activity.
Can I live-in-and-rent in Oklahoma City, OK?
House hacking in Oklahoma City, OK is a challenging. With home values around $365K and rents at $1,111/mo, owner-occupants can offset a meaningful share of PITI.
How much is rent in Oklahoma City, OK?
Rents in Oklahoma City, OK run near $1,111/mo. Compared with median home prices of $365K that produces solid gross yields for typical rentals.
What type of investing works in Oklahoma City, OK?
Investors usually favor careful cash-flow rentals with hands-on management in Oklahoma City, OK. With home values at $365K and rents near $1,111/mo, other strategies can work but produce steady rather than outsized returns.
What is the typical vacancy rate in Oklahoma City, OK?
Oklahoma City, OK vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 73142 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73142 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 73142 ranks in Oklahoma City, OK
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