Northwest, Oklahoma City, OK—73128
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northwest, Oklahoma City, OK
As of Oct '25, the median home price in Northwest, Oklahoma City, OK is $256,000, with a year-over-year change of 1.2%. This indicates that home prices in Northwest, Oklahoma City, OK are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $256,000 | 1.2% |
| Single Family | $257,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $228,000 | 1.3% |
4 Bed | $364,000 | 1.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Northwest, Oklahoma City, OK
As of July '25, Rentcast reports the average rent in Northwest, Oklahoma City, OK is $1,190, with a year-over-year rent change of -13.1%. Per bedroom, the median rent as of July '25 in Northwest, Oklahoma City, OK is 1-bedrooms: $1,180, 2-bedrooms: $1,140, 3-bedrooms: $1,410, 4-bedrooms: $1,800. The most common rental property sizes in Northwest, Oklahoma City, OK are 2-bedroom and 3-bedroom, accounting for 44.9% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,160 | $1,190 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,160 | $1,180 |
| 2 Bed Rent | $1,110 | $1,140 |
| 3 Bed Rent | $1,400 | $1,410 |
| 4 Bed Rent | $1,800 | $1,800 |
% of Rental Stock
Property Listings — Northwest, Oklahoma City, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Northwest, Oklahoma City, OK is 45. This is a decrease of -3.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $328,000 | -10.0% |
Listing Count | 30 | 25.0% |
| Listings as % of Homes | 0.4% | 25.0% |
Days on Market | 45 | -3.0% |
Demographics — Northwest, Oklahoma City, OK
As of the latest ACS Survey released in 2023, Northwest, Oklahoma City, OK has a population of 7,010, which has increased by 47.4% over the past 5 years. Northwest, Oklahoma City, OK is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 44.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,010 | 47.4% |
% Under 18 | 23.4% | -12.4% |
% Seniors | 15.8% | 66.3% |
% WFH | 6.2% | ∞% |
% w/ College Degree | 44.6% | 65.2% |
As of the latest ACS Survey released in 2023, Northwest, Oklahoma City, OK is a predominantly white area, with 45.9% of the population identifying as white. The white population has shrunk by 31.3% in the last 5 years. The second most common race or ethnicity in Northwest, Oklahoma City, OK is hispanic, making up 22.3% of the population. Foreign-born residents account for 12.6% of the population in Northwest, Oklahoma City, OK, and this percentage has decreased by 11.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 45.9% | -31.3% |
% Black | 9.7% | ∞% |
% Hispanic | 22.3% | 75.6% |
% Asian | 14.0% | 3.7% |
% Foreign Born | 12.6% | -11.3% |
Mortgage and Risk — Northwest, Oklahoma City, OK
According to HUD data as of 2023, there were 108 mortgage originations in Northwest, Oklahoma City, OK, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Northwest, Oklahoma City, OK. Investor activity is low, as 4.0% 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 | 108 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Northwest, Oklahoma City, OK
As of 2024, the percent of homes in Northwest, Oklahoma City, OK under the Section 8 program is 0.8%. 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 Northwest, 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 | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $1,160 | $1,230 |
| 2 Bedroom | $400 | $1,110 | $1,510 |
| 3 Bedroom | $620 | $1,400 | $2,020 |
| 4 Bedroom | $400 | $1,800 | $2,200 |
Affordability — Northwest, Oklahoma City, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $256,000 |
| Median Household Income | $73,700 |