Real Estate Investing in Oklahoma City, Oklahoma (73162)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73162 (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 (73162)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73162 Oklahoma City
ZIP 73162 in Oklahoma City, OK carries a durable set of headwinds. Home values near $274K and rents of $1,640/mo sit inside a market where underwriting has to be tight.
The investment case in 73162 is durable only for operators who understand what they are buying. A $274K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 73162'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.
A sturdy renter share of 28% in 73162 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 73162 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 73162
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $171,170 | $1,300 | 5.5% | +5.6% | $85,585 |
| 3BR | $242,353 | $1,750 | 5.2% | +5.7% | $80,784 |
| 4BR | $305,583 | $1,940 | 4.6% | +5.7% | $76,396 |
| 5BR | $388,607 | — | — | +6.1% | $77,721 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73162 Compare?
| Metric | 73162 | Oklahoma City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $274,351 | $142,912 | N/A | $214,563 |
| 5-Year CAGR | 4.1% | 4.1% | N/A | 6.9% |
| Avg Rent | $1,640 | $1,288 | N/A | - |
| Cap Rate | 4.7% | 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 73162 (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 | $274,351 |
| Monthly Rent | $1,640 |
| Price-to-Rent | 13.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 Rent Trends
| 1-Year | +0.7% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +4.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). 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 73162
Population: 28,610
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 73162
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
COOPER MS
HEFNER MS
NORTHRIDGE ES
WILL ROGERS ES
DOVE SCIENCE ACADEMY 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 4,489 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much is rent in Oklahoma City, OK?
Expect rents around $1,640/mo per month in Oklahoma City, OK. With home values at $274K, the yield math works out to reasonable levels for rental investors.
What is the rental occupancy rate 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 $1,640/mo.
What is the best play in Oklahoma City, OK?
Most investors in Oklahoma City, OK run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is Oklahoma City, OK good for house hacking?
The a challenging house-hack environment in Oklahoma City, OK reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the median home value in Oklahoma City, OK?
In Oklahoma City, OK the median home value sits at $274K. Against the broader OK market, that reads as reasonable for most investors.
You know 73162 now. You don’t know where it ranks.
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How 73162 ranks in Oklahoma City, OK
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