Real Estate Investing in Oklahoma City, Oklahoma (73159)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73159 (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.
No major risk flags on the data we track.
What’s happening in Oklahoma City, OK (73159)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73159 Oklahoma City
Stepping back, ZIP 73159 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $180K median. It rewards specialists, not generalists.
For an experienced owner, 73159 can be a an appealing option for hunting ground — but the discount at $180K reflects genuine risk that outside investors often underestimate.
Within OK, ZIP 73159 trails on several market indicators that neighboring Oklahoma County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Employment concentration in 73159 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. impressive returns are possible in 73159, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Oklahoma City:
Property Strategy for 73159
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $134,831 | $1,260 | 6.7% | +6.8% | $67,415 |
| 3BR | $175,318 | $1,700 | 7.0% | +6.9% | $58,439 |
| 4BR | $214,008 | $1,880 | 6.3% | +6.6% | $53,502 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73159 Compare?
| Metric | 73159 | Oklahoma City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $180,261 | $142,912 | N/A | $214,563 |
| 5-Year CAGR | 4.9% | 4.1% | N/A | 6.9% |
| Avg Rent | $1,418 | $1,288 | N/A | - |
| Cap Rate | 6.1% | 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 73159 (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 | $180,261 |
| Monthly Rent | $1,418 |
| Price-to-Rent | 10.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.4% |
| Cap Rate | 6.1% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +5.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (6.1%). 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 73159
Population: 32,172
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 73159
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 5,060 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are there empty rentals 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 $1,418/mo.
Is OK a landlord-friendly state?
The landlord environment in Oklahoma City, OK is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Does Oklahoma City, OK make sense for an investment property?
The 3.0/5 investability rating in Oklahoma City, OK reflects its $180K prices and $1,418/mo rents. Investors generally consider it a solid option within OK.
Is Oklahoma City, OK a good market for FHA house hackers?
Oklahoma City, OK offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,418/mo rent level.
How much is rent in Oklahoma City, OK?
Oklahoma City, OK rentals go for roughly $1,418/mo a month. That puts gross yield in solid territory relative to $180K acquisition costs.
You know 73159 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73159 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 73159 ranks in Oklahoma City, OK
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