South-Central, Oklahoma City, OK—73119
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South-Central, Oklahoma City, OK
As of Oct '25, the median home price in South-Central, Oklahoma City, OK is $106,000, with a year-over-year change of -4.2%. This indicates that home prices in South-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 | $106,000 | -4.2% |
| Single Family | $107,000 | -2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $63,000 | -4.5% |
2 Bed | $88,000 | -5.4% |
3 Bed | $120,000 | -2.4% |
4 Bed | $147,000 | -0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — South-Central, Oklahoma City, OK
As of July '25, Rentcast reports the average rent in South-Central, Oklahoma City, OK is $1,010, with a year-over-year rent change of -1.0%. Per bedroom, the median rent as of July '25 in South-Central, Oklahoma City, OK is studios: $658, 1-bedrooms: $732, 2-bedrooms: $1,160, 3-bedrooms: $1,200, 4-bedrooms: $1,330. The most common rental property sizes in South-Central, Oklahoma City, OK are 2-bedroom and 1-bedroom, accounting for 38.8% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $865 | $1,010 |
| Studio Rent | $690 | $658 |
| 1 Bed Rent | $725 | $732 |
| 2 Bed Rent | $915 | $1,160 |
| 3 Bed Rent | $1,140 | $1,200 |
| 4 Bed Rent | $1,380 | $1,330 |
% of Rental Stock
Property Listings — South-Central, Oklahoma City, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in South-Central, Oklahoma City, OK is 45. This is a increase of 32.0% 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 49.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $155,000 | 7.0% |
Listing Count | 70 | 39.0% |
| Listings as % of Homes | 0.2% | 39.0% |
Days on Market | 45 | 32.0% |
Demographics — South-Central, Oklahoma City, OK
As of the latest ACS Survey released in 2023, South-Central, Oklahoma City, OK has a population of 30,300, which has decreased by -5.6% over the past 5 years. South-Central, Oklahoma City, OK is a popular place for families, as children make up 31.5% of the population. The area has a poorly educated workforce, with 6.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,300 | -5.6% |
% Under 18 | 31.5% | -14.9% |
% Seniors | 8.3% | 6.4% |
% WFH | 5.2% | 372.7% |
% w/ College Degree | 6.2% | 37.8% |
As of the latest ACS Survey released in 2023, South-Central, Oklahoma City, OK is a predominantly hispanic area, with 63.3% of the population identifying as hispanic. The hispanic population has grown by 2.1% in the last 5 years. The second most common race or ethnicity in South-Central, Oklahoma City, OK is white, making up 23.8% of the population. Foreign-born residents account for 28.5% of the population in South-Central, Oklahoma City, OK, and this percentage has increased by 1.4% 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 | 23.8% | -1.2% |
% Black | 6.8% | 15.3% |
% Hispanic | 63.3% | 2.1% |
% Asian | 0.2% | -71.4% |
% Foreign Born | 28.5% | 1.4% |
Mortgage and Risk — South-Central, Oklahoma City, OK
According to HUD data as of 2023, there were 178 mortgage originations in South-Central, Oklahoma City, OK, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in South-Central, Oklahoma City, OK. Investor activity is high, as 19.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 178 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 19.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — South-Central, Oklahoma City, OK
As of 2024, the percent of homes in South-Central, Oklahoma City, OK under the Section 8 program is 10.7%. 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. In South-Central, Oklahoma City, OK, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 694 |
Total Units Section 8 | 569 |
% Rentals under Section 8 | 10.7% |
% Occupied Section 8 | 89.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $125 | $725 | $850 |
| 2 Bedroom | $125 | $915 | $1,040 |
| 3 Bedroom | $250 | $1,140 | $1,390 |
| 4 Bedroom | $130 | $1,380 | $1,510 |
Affordability — South-Central, Oklahoma City, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $106,000 |
| Median Household Income | $42,900 |