Real Estate Investing in Oklahoma City, Oklahoma (73173)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73173 (Oklahoma City, OK)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 32.1 — 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 (73173)?
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Market Analysis: 73173 Oklahoma City
This part of Cleveland County is not an easy win. The 73173 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 73173 can be a a viable market for hunting ground — but the discount at $464K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Oklahoma City have seen price recovery that 73173 has not matched. Cleveland County data supports the view that the spread is structural rather than temporary.
Demographically, 73173 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Oklahoma City's stable or hybrid ZIPs before stepping into 73173. 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 73173
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $363,920 | $1,810 | 3.6% | +6.3% | $121,307 |
| 4BR | $531,803 | $2,010 | 2.7% | +6.9% | $132,951 |
Market Trends
Home Value History (with trend line)
📊 How Does 73173 Compare?
| Metric | 73173 | Oklahoma City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $464,420 | $142,912 | N/A | $214,563 |
| 5-Year CAGR | 5.7% | 4.1% | N/A | 6.9% |
| Avg Rent | $1,206 | $1,288 | N/A | - |
| Cap Rate | 2.0% | 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 73173 (Oklahoma City, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $464,420 |
| Monthly Rent | $1,206 |
| Price-to-Rent | 32.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 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 (2.0%). 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 73173
Population: 4,529
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
🎓 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 rents high in Oklahoma City, OK?
Oklahoma City, OK rentals go for roughly $1,206/mo a month. That puts gross yield in solid territory relative to $464K acquisition costs.
Are renters plentiful in Oklahoma City, OK?
Working renters make up the core of the Oklahoma City, OK tenant base. The pool is reasonable for investors targeting long-term holds.
How do experienced investors play Oklahoma City, OK?
The best-fit strategy in Oklahoma City, OK is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
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 $1,206/mo rent level.
How does Oklahoma City, OK stack up for property investment?
Yes - Oklahoma City, OK a 3.0/5 investability score. With $464K home prices against $1,206/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 73173 now. You don’t know where it ranks.
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How 73173 ranks in Oklahoma City, OK
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