Central-East, Oklahoma City, OK—73117
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Central-East, Oklahoma City, OK
Home Price Trends — Central-East, Oklahoma City, OK
As of Oct '25, the median home price in Central-East, Oklahoma City, OK is $113,000, with a year-over-year change of -4.7%. This indicates that home prices in Central-East, 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 | $113,000 | -4.7% |
| Single Family | $113,000 | -4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $81,000 | -4.7% |
3 Bed | $132,000 | -3.6% |
4 Bed | $148,000 | -3.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Central-East, Oklahoma City, OK
As of July '25, Rentcast reports the average rent in Central-East, Oklahoma City, OK is $1,270, with a year-over-year rent change of 3.3%. Per bedroom, the median rent as of July '25 in Central-East, Oklahoma City, OK is 1-bedrooms: $871, 2-bedrooms: $1,040, 3-bedrooms: $1,440, 4-bedrooms: $1,380. The most common rental property sizes in Central-East, Oklahoma City, OK are 2-bedroom and 3-bedroom, accounting for 45.5% and 25.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,270 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $875 | $871 |
| 2 Bed Rent | $1,000 | $1,040 |
| 3 Bed Rent | $1,380 | $1,440 |
| 4 Bed Rent | $1,450 | $1,380 |
% of Rental Stock
Property Listings — Central-East, Oklahoma City, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Central-East, Oklahoma City, OK is 86. This is a increase of 49.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $206,000 | 2.0% |
Listing Count | 36 | 33.0% |
| Listings as % of Homes | 0.4% | 33.0% |
Days on Market | 86 | 49.0% |
Demographics — Central-East, Oklahoma City, OK
As of the latest ACS Survey released in 2023, Central-East, Oklahoma City, OK has a population of 5,870, which has increased by 3.4% over the past 5 years. Central-East, Oklahoma City, OK is a moderately popular place for families, as children make up 22.1% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,870 | 3.4% |
% Under 18 | 22.1% | -6.0% |
% Seniors | 14.1% | 2.2% |
% WFH | 3.3% | -29.8% |
% w/ College Degree | 18.5% | 4.5% |
As of the latest ACS Survey released in 2023, Central-East, Oklahoma City, OK is a predominantly black area, with 65.0% of the population identifying as black. The black population has shrunk by 9.5% in the last 5 years. The second most common race or ethnicity in Central-East, Oklahoma City, OK is white, making up 16.1% of the population. Foreign-born residents account for 9.9% of the population in Central-East, Oklahoma City, OK, and this percentage has increased by 209.4% 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 | 16.1% | -13.9% |
% Black | 65.0% | -9.5% |
% Hispanic | 12.4% | 376.9% |
% Asian | 2.0% | 300.0% |
% Foreign Born | 9.9% | 209.4% |
Mortgage and Risk — Central-East, Oklahoma City, OK
According to HUD data as of 2023, there were 46 mortgage originations in Central-East, Oklahoma City, OK, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Central-East, Oklahoma City, OK. Investor activity is high, as 30.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 46 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 30.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Central-East, Oklahoma City, OK
As of 2024, the percent of homes in Central-East, Oklahoma City, OK under the Section 8 program is 26.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Central-East, Oklahoma City, OK, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 923 |
Total Units Section 8 | 469 |
% Rentals under Section 8 | 26.9% |
% Occupied Section 8 | 88.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$25 | $875 | $850 |
| 2 Bedroom | $40 | $1,000 | $1,040 |
| 3 Bedroom | $10 | $1,380 | $1,390 |
| 4 Bedroom | $60 | $1,450 | $1,510 |
Affordability — Central-East, Oklahoma City, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $113,000 |
| Median Household Income | $21,900 |