Cap Rate in Oklahoma City, OK

2026 Market Overview for Real Estate Investors

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.

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.