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ZIP 73538
Housing & Real Estate

Elgin city, OK

ZIP 73538 — 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 73538

Median Home Value

$268,900

Median Rent

$949

Affordability Snapshot

$74,000

Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,727/mo PITI).

14%

Rent-to-Income Ratio

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

3.2x

Home Price-to-Income Ratio

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

23.6 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 73538 in Elgin city, OK, a household would need roughly $74,000 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 $1,727. That sits below the local median household income ($83,873), suggesting the typical household income is closer to a workable buy-in level under these assumptions. 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

81.4%+25% vs US avg

Vacancy Rate

7.8%-24% vs US avg

Broadband Access

96.8%+11% vs US avg

4+ Bedrooms

4.7%-69% vs US avg

Built Pre-1939

1.6%-88% vs US avg

Built Post-2014

5.2%-24% vs US avg

Rent Burden >30%

13.8%-72% vs US avg

Mortgage-Free

35.8%-6% vs US avg

$268,900

Home Value

$949

Rent

2006

Year Built

2016

Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

1-unit detached81.9%
1-unit attached1.4%
2-9 units6.3%
10+ units0.0%
Mobile home & other10.5%

Historical Trends in 73538 (2020–Present)

Since 2020, population grew 25.5%, median income fell 5.5% (inflation-adjusted), home values increased 11.6%.

Home Value

$268,900

-23% vs US avg

Median Rent

$949

-18% vs US avg

ZIP 73538 — Housing & Real Estate

Housing & Real Estate in ZIP Code 73538

Historical Trends in 73538 (2020–Present)

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