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Oklahoma City city, OK

ZIP 73116 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 73116

Median Home Value
$285,200
Median Rent
$870
Affordability Snapshot
$79,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,832/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.5x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

27.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 73116 in Oklahoma City city, OK, a household would need roughly $79,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,832. That is roughly in line with the local median household income ($81,563). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
71.0%+9% vs US avg
x
Vacancy Rate
8.7%-16% vs US avg
x
Broadband Access
96.3%+11% vs US avg
x
4+ Bedrooms
4.2%-72% vs US avg
x
Built Pre-1939
8.6%-33% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
11.8%-76% vs US avg
x
Mortgage-Free
41.2%+8% vs US avg
x
$285,200
Home Value
$870
Rent
1963
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached77.1%
  • 1-unit attached4.4%
  • 2-9 units13.7%
  • 10+ units4.7%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$285,200
Median rent$870
Owner-occupied71.0%
Vacant8.7%
Price-to-income3.5x
Est. income to buy$79,000