Southwest, Oklahoma City, OK—73135
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southwest, Oklahoma City, OK
As of Oct '25, the median home price in Southwest, Oklahoma City, OK is $205,000, with a year-over-year change of -0.4%. This indicates that home prices in Southwest, Oklahoma City, OK are flat. 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 | $205,000 | -0.4% |
| Single Family | $205,000 | -0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $115,000 | -3.4% |
3 Bed | $199,000 | -0.5% |
4 Bed | $243,000 | -0.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Southwest, Oklahoma City, OK
As of July '25, Rentcast reports the average rent in Southwest, Oklahoma City, OK is $1,300, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Southwest, Oklahoma City, OK is studios: $790, 1-bedrooms: $1,040, 2-bedrooms: $1,280, 3-bedrooms: $1,480, 4-bedrooms: $1,720. The most common rental property sizes in Southwest, Oklahoma City, OK are 3-bedroom and 2-bedroom, accounting for 36.9% and 26.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,300 |
| Studio Rent | $675 | $790 |
| 1 Bed Rent | $1,120 | $1,040 |
| 2 Bed Rent | $1,340 | $1,280 |
| 3 Bed Rent | $1,500 | $1,480 |
| 4 Bed Rent | $1,740 | $1,720 |
% of Rental Stock
Property Listings — Southwest, Oklahoma City, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Southwest, Oklahoma City, OK is 41. This is a increase of 28.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $232,000 | 4.0% |
Listing Count | 76 | 13.0% |
| Listings as % of Homes | 0.5% | 13.0% |
Days on Market | 41 | 28.0% |
Demographics — Southwest, Oklahoma City, OK
As of the latest ACS Survey released in 2023, Southwest, Oklahoma City, OK has a population of 22,200, which has decreased by -2.6% over the past 5 years. Southwest, Oklahoma City, OK is a popular place for families, as children make up 26.7% of the population. The area has a poorly educated workforce, with 23.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,200 | -2.6% |
% Under 18 | 26.7% | -3.3% |
% Seniors | 11.6% | 3.6% |
% WFH | 5.0% | 47.1% |
% w/ College Degree | 23.8% | 4.4% |
As of the latest ACS Survey released in 2023, Southwest, Oklahoma City, OK is a predominantly white area, with 41.1% of the population identifying as white. The white population has shrunk by 16.5% in the last 5 years. The second most common race or ethnicity in Southwest, Oklahoma City, OK is black, making up 25.6% of the population. Foreign-born residents account for 9.0% of the population in Southwest, Oklahoma City, OK, and this percentage has increased by 47.5% 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 | 41.1% | -16.5% |
% Black | 25.6% | -18.5% |
% Hispanic | 19.2% | 195.4% |
% Asian | 5.6% | 19.1% |
% Foreign Born | 9.0% | 47.5% |
Mortgage and Risk — Southwest, Oklahoma City, OK
According to HUD data as of 2023, there were 311 mortgage originations in Southwest, Oklahoma City, OK, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Southwest, Oklahoma City, OK. Investor activity is low, as 5.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 311 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Southwest, Oklahoma City, OK
As of 2024, the percent of homes in Southwest, Oklahoma City, OK under the Section 8 program is 16.7%. 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. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Southwest, Oklahoma City, OK, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 707 |
Total Units Section 8 | 687 |
% Rentals under Section 8 | 16.7% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,120 | $1,070 |
| 2 Bedroom | -$30 | $1,340 | $1,310 |
| 3 Bedroom | $250 | $1,500 | $1,750 |
| 4 Bedroom | $170 | $1,740 | $1,910 |
Affordability — Southwest, Oklahoma City, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $205,000 |
| Median Household Income | $67,500 |