Central, Oklahoma City, OK—73105
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Central, Oklahoma City, OK
As of Oct '25, the median home price in Central, Oklahoma City, OK is $151,000, with a year-over-year change of -1.6%. This indicates that home prices in Central, Oklahoma City, OK are decreasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $151,000 | -1.6% |
| Single Family | $151,000 | -1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $118,000 | -1.7% |
3 Bed | $152,000 | -0.7% |
4 Bed | $239,000 | 0.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Central, Oklahoma City, OK
As of July '25, Rentcast reports the average rent in Central, Oklahoma City, OK is $1,280, with a year-over-year rent change of 6.7%. Per bedroom, the median rent as of July '25 in Central, Oklahoma City, OK is studios: $925, 1-bedrooms: $1,090, 2-bedrooms: $1,340, 3-bedrooms: $1,640, 4-bedrooms: $1,220. The most common rental property sizes in Central, Oklahoma City, OK are 1-bedroom and 2-bedroom, accounting for 34.4% and 32.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,280 |
| Studio Rent | $899 | $925 |
| 1 Bed Rent | $1,100 | $1,090 |
| 2 Bed Rent | $1,340 | $1,340 |
| 3 Bed Rent | $1,670 | $1,640 |
| 4 Bed Rent | $1,200 | $1,220 |
% of Rental Stock
Property Listings — Central, Oklahoma City, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Central, Oklahoma City, OK is 97. This is a increase of 81.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $244,000 | -19.0% |
Listing Count | 24 | 17.0% |
| Listings as % of Homes | 0.3% | 17.0% |
Days on Market | 97 | 81.0% |
Demographics — Central, Oklahoma City, OK
As of the latest ACS Survey released in 2023, Central, Oklahoma City, OK has a population of 5,810, which has increased by 7.4% over the past 5 years. Central, Oklahoma City, OK is a less popular place for families, as children make up 12.0% of the population. The area has a moderately educated workforce, with 39.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,810 | 7.4% |
% Under 18 | 12.0% | -18.9% |
% Seniors | 17.7% | 7.9% |
% WFH | 12.3% | 136.5% |
% w/ College Degree | 39.4% | 5.1% |
As of the latest ACS Survey released in 2023, Central, Oklahoma City, OK is a predominantly black area, with 51.6% of the population identifying as black. The black population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Central, Oklahoma City, OK is white, making up 33.2% of the population. Foreign-born residents account for 7.7% of the population in Central, Oklahoma City, OK, and this percentage has increased by 13.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 33.2% | 22.5% |
% Black | 51.6% | -3.4% |
% Hispanic | 4.5% | 9.8% |
% Asian | 6.2% | -1.6% |
% Foreign Born | 7.7% | 13.2% |
Mortgage and Risk — Central, Oklahoma City, OK
According to HUD data as of 2023, there were 55 mortgage originations in Central, Oklahoma City, OK, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Central, Oklahoma City, OK. Investor activity is high, as 25.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 55 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 25.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Central, Oklahoma City, OK
As of 2024, the percent of homes in Central, Oklahoma City, OK under the Section 8 program is 10.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Central, Oklahoma City, OK, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 233 |
Total Units Section 8 | 225 |
% Rentals under Section 8 | 10.1% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$110 | $1,100 | $990 |
| 2 Bedroom | -$120 | $1,340 | $1,220 |
| 3 Bedroom | -$40 | $1,670 | $1,630 |
| 4 Bedroom | $580 | $1,200 | $1,780 |
Affordability — Central, Oklahoma City, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $151,000 |
| Median Household Income | $48,300 |