Real Estate Investing in Oklahoma City, Oklahoma (73149)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73149 (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.
- High vacancy: 14.7% of homes vacant — above national norms.
- Elevated poverty: 30.9% poverty rate — can affect rent collection.
What’s happening in Oklahoma City, OK (73149)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73149 Oklahoma City
This part of Oklahoma County is not an easy win. The 73149 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 73149 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 73149's metrics run below Oklahoma County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
On the rental side, 6,043 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.
New investors are better served looking at Oklahoma City's stable or hybrid ZIPs before stepping into 73149. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Oklahoma City:
Property Strategy for 73149
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $99,823 | $1,130 | 8.2% | +7.9% | $49,912 |
| 3BR | $116,665 | $1,520 | 9.4% | +6.8% | $38,888 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73149 Compare?
| Metric | 73149 | Oklahoma City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $120,275 | $142,912 | N/A | $214,563 |
| 5-Year CAGR | 4.7% | 4.1% | N/A | 6.9% |
| Avg Rent | $1,134 | $1,288 | N/A | - |
| Cap Rate | 7.4% | 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 73149 (Oklahoma City, OK). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 73149 (Oklahoma City, OK)?
~25 seconds · no account needed · your report is anonymous
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 | $120,275 |
| Monthly Rent | $1,134 |
| Price-to-Rent | 8.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.3% |
| Cap Rate | 7.4% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.4%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 73149
Population: 6,043
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 73149
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
SOUTHEAST MS
WHEELER MS
BODINE ES
CESAR CHAVEZ ES
WEBSTER MS
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 5,094 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Oklahoma City, OK for real estate investors?
Investors tracking Oklahoma City, OK will find a 3.0/5 rating supported by $120K median home values and $1,134/mo rents. That profile suits long-term holders targeting stable returns.
Where do rents currently stand in Oklahoma City, OK?
Expect rents around $1,134/mo per month in Oklahoma City, OK. With home values at $120K, the yield math works out to reasonable levels for rental investors.
What kind of tenants rent in Oklahoma City, OK?
Tenant demand in Oklahoma City, OK is solid. The local workforce $1,134/mo rents across most rental classes.
Should investors worry about vacancy in Oklahoma City, OK?
Oklahoma City, OK carries elevated vacancy risk. Expect stable absorption at market rents of $1,134/mo.
Are eviction rules reasonable in Oklahoma City, OK?
Rental owners in Oklahoma City, OK deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 73149 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73149 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 73149 ranks in Oklahoma City, OK
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 73149 (Oklahoma City)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 73149 (Oklahoma City, OK).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.