Real Estate Investing in Oklahoma City, Oklahoma (73150)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73150 (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 36.7 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Oklahoma City, OK (73150)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73150 Oklahoma City
The 73150 ZIP covers a section of Oklahoma City that demands careful diligence. Prices near $376K look accessible, but the work to make a deal cash flow is real.
Put differently, the numbers look inviting — $376K purchase price, 0.0% nominal cap — the work to hit that pro forma in 73150 is substantial and deserves full respect.
ZIP 73150'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.
The 73150 ZIP's population of 5,701 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
Strategically, 73150 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 73150
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $182,104 | $950 | 3.8% | +8.0% | $91,052 |
| 3BR | $330,547 | $1,280 | 2.8% | +6.9% | $110,182 |
| 4BR | $418,579 | $1,420 | 2.4% | +6.5% | $104,645 |
| 5BR | $547,318 | — | — | — | $109,464 |
Market Trends
Home Value History (with trend line)
📊 How Does 73150 Compare?
| Metric | 73150 | Oklahoma City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $376,227 | $142,912 | N/A | $214,563 |
| 5-Year CAGR | 5.2% | 4.1% | N/A | 6.9% |
| Avg Rent | $855 | $1,288 | N/A | - |
| Cap Rate | 1.8% | 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 73150 (Oklahoma City, OK). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 73150 (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 | $376,227 |
| Monthly Rent | $855 |
| Price-to-Rent | 36.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.8% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.8%). 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 73150
Population: 5,701
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 73150
Schools in This ZIP Code
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 3,496 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What approach is best for Oklahoma City, OK real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Oklahoma City, OK. The numbers - $376K homes against $855/mo rents - support that play.
How strict are landlord regulations in Oklahoma City, OK?
Oklahoma City, OK operates under OK law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
How strong are rents in Oklahoma City, OK?
The typical rental in Oklahoma City, OK commands about $855/mo monthly. That rent profile stable cash flow against the $376K purchase basis.
Does house hacking work in Oklahoma City, OK?
House hacking works a challenging in Oklahoma City, OK. Rents of $855/mo against $376K acquisition make the strategy solid for owner-occupants.
Is Oklahoma City, OK a smart market for rental property?
With a 3.0/5 investability score, Oklahoma City, OK ranks as a solid market for rental property investors. Median prices of $376K and rents of $855/mo drive the underlying numbers.
You know 73150 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73150 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 73150 ranks in Oklahoma City, OK
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 73150 (Oklahoma City)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 73150 (Oklahoma City, OK).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.