Appreciation Investing in Oklahoma City, OK

Appreciation Score: 3.7/10Ranked #29 of 52 markets

Data-driven appreciation analysis for Oklahoma City, OK — score breakdown, key investment metrics, and how it compares to other markets.

Last updated: May 2026

Score Breakdown

Appreciation Score:3.7
Population Growth(40%)
+4.5%4.3
Median Household Income(25%)
$65,3743.9
Low Vacancy(20%)
9.5%3.1
Metro Size (Demand)(15%)
800,4872.4

Key Metrics for Appreciation

Pop. Growth

+4.5%

Moderate

Median Income

$65,374

Household income

Vacancy Rate

9.5%

Moderate supply

Population

800K

Metro demand indicator

Appreciation Investment Thesis

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.

How Oklahoma City Compares

RankCityAppreciation ScoreCap RateMedian Price
#26Chicago, IL4.46.0%$275,000
#27Charleston, SC4.35.0%$385,000
#28Knoxville, TN4.25.8%$270,000
#29Oklahoma City, OK3.77.7%$175,000
#30Cincinnati, OH3.67.0%$195,000
#31Louisville, KY3.57.3%$195,000
#32Indianapolis, IN3.48.1%$175,000

Showing markets ranked near Oklahoma City for this strategy.

Quick Math: Estimated Annual Return

Annual Gross Rent ($1,250/mo)$15,000
Less: Vacancy (9.5%)-$1,425
Less: Property Tax (0.90%)-$1,575
Less: Insurance (~0.5%)-$875
Less: Maintenance (~1.5%)-$2,625
Estimated NOI$8,500
Implied Cap Rate4.9%

Based on median market data. Your actual returns will vary based on specific property, financing, and management costs. Always run your own analysis before investing.

Frequently Asked Questions

What is the appreciation score for Oklahoma City, OK?

Oklahoma City, OK scores 3.7 out of 10 on our appreciation score, ranking #29 out of 52 markets we track. Weighted composite: population growth (40%), median household income (25%), low vacancy (20%), metro size/demand (15%). Scale 0–10.

Is Oklahoma City a good city for appreciation investing?

Oklahoma City, OK ranks #29 for appreciation investing with a score of 3.7/10. While not a top-ranked market for this strategy, it may have strengths in other investing approaches.

What is the average cap rate in Oklahoma City?

The average cap rate in Oklahoma City, OK is 7.7%. The median home price is $175,000 with a median monthly rent of $1,250, resulting in a rent-to-price ratio of 0.71%.

What are the property taxes in Oklahoma City?

The effective property tax rate in Oklahoma City, OK is 0.90%. On a $175,000 property, that translates to approximately $1,575 per year in property taxes.

How does Oklahoma City compare to other appreciation markets?

Among our 52 tracked markets, Oklahoma City, OK ranks #29 for appreciation investing. It falls in the middle of the pack for this strategy.

What is driving population growth in Oklahoma City?

Oklahoma City, OK has a 5-year population growth rate of +4.5% and a median household income of $65,374. Moderate population growth combined with economic diversification supports steady long-term appreciation potential.

Run Your Own Numbers for Oklahoma City

Use our free calculators pre-filled with Oklahoma City, OK market data, or adjust the numbers for your specific deal.

Cap Rate Calculator (Oklahoma City Data)Cash-on-Cash Return CalculatorCap Rate CalculatorMortgage/DSCR Calculator

Oklahoma City by Strategy

Cash Flow5.0BRRRR5.7House Hacking5.1Appreciation3.7

Market Data

Oklahoma City Cap Rate DetailsAll Appreciation RankingsAll Oklahoma MarketsFull 52-City Data Table

Find Financing

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