Market Analysis
Oklahoma City Rental Market
Rental investment market data and analysis · Updated November 2026
Median Home Price
$242,500
Average Monthly Rent
$1,300
Estimated Cap Rate
6.4%
Rent-to-Price Ratio
0.5%
Below 1% Rule
Rent ÷ price by zip code
0 of 4 clear the 1% rule · November 2026
| Zip | Median price | Median rent | Rent ÷ price |
|---|---|---|---|
| 73135 | $205,000 | $1,357 | 0.66% |
| 73102 | $319,000 | $1,746 | 0.55% |
| 73112 | $220,000 | $1,070 | 0.49% |
| 73120 | $265,000 | $1,028 | 0.39% |
Context · FRED home price index
Market Trends
Oklahoma City metro area — % change since 2018
Home Prices
+65.6%
Rent Index
+36.2%
Average Rent by Bedroom
| Bedrooms | Avg Rent |
|---|---|
| Multi-Family | $1,048/mo |
| Townhouse | $1,195/mo |
| Apartment | $1,271/mo |
| Condo | $1,482/mo |
| Single Family | $2,246/mo |
Sample Investment Analysis
Based on median price + average rent, 20% down, 6.8% rate, 30yr
Purchase Price$242,500
Down Payment (20%)$48,500
Monthly P&I$1,265
Monthly Rent$1,300
Est. NOI$9,360/yr
Est. Cash Flow-$485/mo
Cash on Cash-10.9%
The Oklahoma City market is cash-flow negative at median prices. Look for properties 15-20% below median or with value-add potential.
What Investors Should Know About Oklahoma City
- 1Moderate cap rates suggest balanced cash flow and appreciation
- 21% Rule fails at median prices — need rent of $2,425/mo to pass
- 3Below-average rents keep entry costs low for new investors
- 4Affordable market — lower barrier to entry for first-time investors
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