Cap Rate in Oklahoma City, OK

2026 Market Overview for Real Estate Investors

Last updated: March 2026 • Sources: Census ACS, Zillow, Redfin, county assessor

Avg Cap Rate

7.7%

#11 of 50 markets

Median Home Price

$175,000

Purchase price

Median Monthly Rent

$1,250

$15,000/yr gross

Rent-to-Price Ratio

0.71%

Moderate

Cap Rate Rating

Good

Strong return relative to market norms. Common in cash-flow-focused markets in the Midwest and South.

Market Snapshot

Population	687,725
5-Year Population Growth	+4.5%
Median Household Income	$54,000
Vacancy Rate	7.2%
Property Tax Rate	0.90%($1,575/yr)

Investor Takeaway

Oklahoma City has one of the strongest population growth rates in the Midwest/South corridor. Energy-sector diversification and low cost of living keep the rental market healthy.

Top Neighborhoods for Investors

Where to focus your search in Oklahoma City, OK:

Plaza District

Appreciation

Walkable entertainment district with strong millennial rental demand. Higher rents than metro average with consistent occupancy.

Paseo Arts District

House Hacking

Historic arts neighborhood with character homes. Affordable multifamily properties support house hacking with growing tenant demand.

Capitol Hill

BRRRR

South OKC neighborhood with very affordable entry prices. Active renovation activity creating BRRRR opportunities as the area improves.

Edmond

Cash Flow

Northern suburb with UCO campus and excellent schools. Premium family rentals with low vacancy. More expensive entry but stronger tenant quality.

Quick Math

Estimated annual numbers for a median-priced property in Oklahoma City, OK before financing:

Annual Gross Rent$15,000

Less Vacancy (7.2%)($1,080)

Less Property Tax (0.90%)($1,575)

Less Est. Insurance + Maintenance($3,500)

Estimated NOI$8,845

Implied Cap Rate5.1%

Estimates based on median values. Insurance + maintenance estimated at 2% of home value. Actual results vary by property condition, neighborhood, and management.