Far West, Oklahoma City, OK—73150
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Far West, Oklahoma City, OK
As of Oct '25, the median home price in Far West, Oklahoma City, OK is $362,000, with a year-over-year change of 4.2%. This indicates that home prices in Far West, 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 | $362,000 | 4.2% |
| Single Family | $362,000 | 4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $182,000 | 2.2% |
3 Bed | $331,000 | 4.4% |
4 Bed | $419,000 | 4.0% |
| 5 Bed | $547,000 | 2.1% |
% of Housing Stock
Rental Trends — Far West, Oklahoma City, OK
As of July '25, Rentcast reports the average rent in Far West, Oklahoma City, OK is $1,350, with a year-over-year rent change of -41.8%. Per bedroom, the median rent as of July '25 in Far West, Oklahoma City, OK is 3-bedrooms: $1,350. The most common rental property sizes in Far West, Oklahoma City, OK are 4-bedroom and 3-bedroom, accounting for 72.8% and 16.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,350 | $1,350 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Far West, Oklahoma City, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Far West, Oklahoma City, OK is 55. This is a increase of 36.0% 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 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 | $399,000 | -15.0% |
Listing Count | 22 | 15.0% |
| Listings as % of Homes | 0.6% | 15.0% |
Days on Market | 55 | 36.0% |
Demographics — Far West, Oklahoma City, OK
As of the latest ACS Survey released in 2023, Far West, Oklahoma City, OK has a population of 5,700, which has increased by 19.5% over the past 5 years. Far West, Oklahoma City, OK is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 35.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,700 | 19.5% |
% Under 18 | 23.5% | 10.8% |
% Seniors | 21.3% | 13.3% |
% WFH | 8.5% | 63.5% |
% w/ College Degree | 35.0% | 7.4% |
As of the latest ACS Survey released in 2023, Far West, Oklahoma City, OK is a predominantly white area, with 73.5% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Far West, Oklahoma City, OK is hispanic, making up 8.2% of the population. Foreign-born residents account for 3.3% of the population in Far West, Oklahoma City, OK, and this percentage has decreased by 44.1% 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 | 73.5% | -4.8% |
% Black | 2.7% | -52.6% |
% Hispanic | 8.2% | 20.6% |
% Asian | 1.1% | -78.8% |
% Foreign Born | 3.3% | -44.1% |
Mortgage and Risk — Far West, Oklahoma City, OK
According to HUD data as of 2023, there were 122 mortgage originations in Far West, Oklahoma City, OK, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Far West, Oklahoma City, OK. Investor activity is low, as 5.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 122 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Far West, Oklahoma City, OK
Far West, Oklahoma City, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | -$40 | $1,350 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Far West, Oklahoma City, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $362,000 |
| Median Household Income | $89,600 |