Zip 73116 (Oklahoma City, OK) Housing

The housing market in 73116 Oklahoma City, OK is quite strong. The median value of the area is $292,800, which is significantly lower than the US median house value of $338,100. However, the yearly appreciation rate for houses in the area is 11.7%, which is higher than the US 1 year house appreciation of 8.27%. This indicates that housing prices in 73116 Oklahoma City are growing at a faster rate than the US average and may be an attractive option for potential home-buyers.

The median home cost in Oklahoma City (zip 73116) is $292,800. Home appreciation the last 10 years has been 77.5%. Home Appreciation in Oklahoma City (zip 73116) is up 13.0%.

Average Age of Homes

- The median age of Oklahoma City (zip 73116) real estate is 56 years old

The Rental Market in Oklahoma City (zip 73116)

- Renters make up 30.0% of the Oklahoma City (zip 73116) population
- 0.7% of houses and apartments in Oklahoma City (zip 73116), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Oklahoma City, Oklahoma	United States
	4,874.0	139,647,020.0
	59	42
	$292,800	$338,100
	13.0%	16.6%
	46.7%	57.0%
	77.5%	101.1%
	$11.77	$10.98
	$2,980	$2,690
	65.6%	57.4%
	9.5%	11.2%
	24.9%	31.4%
Vacant Housing
	0.7%	1.9%
	0.0%	0.4%
	2.3%	0.7%
	0.6%	0.4%
	0.1%	3.6%
	5.9%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	2.8%	2.8%
	0.9%	3.9%
	2.4%	4.5%
	10.2%	11.3%
	17.8%	13.0%
	24.9%	20.1%
	7.3%	13.6%
	7.7%	8.3%
	6.5%	9.7%
	5.0%	3.9%
	5.8%	2.2%
	3.2%	0.8%
	5.5%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	2.0%	13.6%
	2.0%	13.6%
	3.0%	13.6%
	5.6%	13.2%
	12.9%	14.8%
	3.0%	13.6%
	31.5%	10.0%
	9.0%	4.7%
	4.5%	12.2%

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