Southwest (Outer), Oklahoma City, OK—73127
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southwest (Outer), Oklahoma City, OK
As of Oct '25, the median home price in Southwest (Outer), Oklahoma City, OK is $186,000, with a year-over-year change of 0.4%. This indicates that home prices in Southwest (Outer), Oklahoma City, OK are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $186,000 | 0.4% |
| Single Family | $193,000 | 0.5% |
| Condos | $80,000 | -3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $68,000 | -8.1% |
2 Bed | $132,000 | -3.6% |
3 Bed | $190,000 | 0.5% |
4 Bed | $245,000 | -0.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Southwest (Outer), Oklahoma City, OK
As of July '25, Rentcast reports the average rent in Southwest (Outer), Oklahoma City, OK is $1,040, with a year-over-year rent change of 2.0%. Per bedroom, the median rent as of July '25 in Southwest (Outer), Oklahoma City, OK is studios: $788, 1-bedrooms: $682, 2-bedrooms: $981, 3-bedrooms: $1,270, 4-bedrooms: $1,670. The most common rental property sizes in Southwest (Outer), Oklahoma City, OK are 2-bedroom and 3-bedroom, accounting for 45.8% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $1,040 |
| Studio Rent | $700 | $788 |
| 1 Bed Rent | $690 | $682 |
| 2 Bed Rent | $995 | $981 |
| 3 Bed Rent | $1,350 | $1,270 |
| 4 Bed Rent | $1,620 | $1,670 |
% of Rental Stock
Property Listings — Southwest (Outer), Oklahoma City, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Southwest (Outer), Oklahoma City, OK is 45. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $250,000 | 17.0% |
Listing Count | 59 | 23.0% |
| Listings as % of Homes | 0.4% | 23.0% |
Days on Market | 45 | -7.0% |
Demographics — Southwest (Outer), Oklahoma City, OK
As of the latest ACS Survey released in 2023, Southwest (Outer), Oklahoma City, OK has a population of 26,800, which has increased by 6.7% over the past 5 years. Southwest (Outer), Oklahoma City, OK is a popular place for families, as children make up 29.9% of the population. The area has a poorly educated workforce, with 16.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,800 | 6.7% |
% Under 18 | 29.9% | 9.9% |
% Seniors | 10.2% | -1.0% |
% WFH | 4.9% | 44.1% |
% w/ College Degree | 16.0% | 1.3% |
As of the latest ACS Survey released in 2023, Southwest (Outer), Oklahoma City, OK is a predominantly hispanic area, with 40.2% of the population identifying as hispanic. The hispanic population has grown by 32.7% in the last 5 years. The second most common race or ethnicity in Southwest (Outer), Oklahoma City, OK is white, making up 33.5% of the population. Foreign-born residents account for 18.1% of the population in Southwest (Outer), Oklahoma City, OK, and this percentage has increased by 1.1% 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 | 33.5% | -20.4% |
% Black | 13.1% | -18.1% |
% Hispanic | 40.2% | 32.7% |
% Asian | 1.6% | -44.8% |
% Foreign Born | 18.1% | 1.1% |
Mortgage and Risk — Southwest (Outer), Oklahoma City, OK
According to HUD data as of 2023, there were 386 mortgage originations in Southwest (Outer), Oklahoma City, OK, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Southwest (Outer), Oklahoma City, OK. Investor activity is low, as 9.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 386 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 9.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Southwest (Outer), Oklahoma City, OK
As of 2024, the percent of homes in Southwest (Outer), Oklahoma City, OK under the Section 8 program is 20.7%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Southwest (Outer), Oklahoma City, OK, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,093 |
Total Units Section 8 | 1,091 |
% Rentals under Section 8 | 20.7% |
% Occupied Section 8 | 89.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $690 | $830 |
| 2 Bedroom | $25 | $995 | $1,020 |
| 3 Bedroom | $10 | $1,350 | $1,360 |
| 4 Bedroom | -$130 | $1,620 | $1,490 |
Affordability — Southwest (Outer), Oklahoma City, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $186,000 |
| Median Household Income | $46,000 |