Northeast, Oklahoma City, OK—73162
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northeast, Oklahoma City, OK
As of Oct '25, the median home price in Northeast, Oklahoma City, OK is $266,000, with a year-over-year change of -1.8%. This indicates that home prices in Northeast, Oklahoma City, OK are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $266,000 | -1.8% |
| Single Family | $267,000 | -2.2% |
| Condos | $150,000 | -0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $171,000 | -3.4% |
3 Bed | $242,000 | -2.0% |
4 Bed | $306,000 | -1.0% |
| 5 Bed | $389,000 | 0.3% |
% of Housing Stock
Rental Trends — Northeast, Oklahoma City, OK
As of July '25, Rentcast reports the average rent in Northeast, Oklahoma City, OK is $1,190, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in Northeast, Oklahoma City, OK is studios: $737, 1-bedrooms: $895, 2-bedrooms: $1,110, 3-bedrooms: $1,610, 4-bedrooms: $2,050. The most common rental property sizes in Northeast, Oklahoma City, OK are 3-bedroom and 2-bedroom, accounting for 32.3% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,190 |
| Studio Rent | $719 | $737 |
| 1 Bed Rent | $900 | $895 |
| 2 Bed Rent | $1,120 | $1,110 |
| 3 Bed Rent | $1,600 | $1,610 |
| 4 Bed Rent | $2,000 | $2,050 |
% of Rental Stock
Property Listings — Northeast, Oklahoma City, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Northeast, Oklahoma City, OK is 61. This is a increase of 27.0% 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 45.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $295,000 | 2.0% |
Listing Count | 120 | 2.0% |
| Listings as % of Homes | 0.7% | 2.0% |
Days on Market | 61 | 27.0% |
Demographics — Northeast, Oklahoma City, OK
As of the latest ACS Survey released in 2023, Northeast, Oklahoma City, OK has a population of 28,600, which has decreased by -3.8% over the past 5 years. Northeast, Oklahoma City, OK is a moderately popular place for families, as children make up 21.3% of the population. The area has a highly educated workforce, with 46.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,600 | -3.8% |
% Under 18 | 21.3% | 1.9% |
% Seniors | 22.0% | 17.6% |
% WFH | 15.9% | 253.3% |
% w/ College Degree | 46.9% | 15.8% |
As of the latest ACS Survey released in 2023, Northeast, Oklahoma City, OK is a predominantly white area, with 61.8% of the population identifying as white. The white population has shrunk by 12.0% in the last 5 years. The second most common race or ethnicity in Northeast, Oklahoma City, OK is black, making up 15.7% of the population. Foreign-born residents account for 7.7% of the population in Northeast, Oklahoma City, OK, and this percentage has decreased by 17.2% 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 | 61.8% | -12.0% |
% Black | 15.7% | 36.5% |
% Hispanic | 7.7% | 83.3% |
% Asian | 5.9% | -19.2% |
% Foreign Born | 7.7% | -17.2% |
Mortgage and Risk — Northeast, Oklahoma City, OK
According to HUD data as of 2023, there were 119 mortgage originations in Northeast, Oklahoma City, OK, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Northeast, Oklahoma City, OK. Investor activity is low, as 7.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 119 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Northeast, Oklahoma City, OK
As of 2024, the percent of homes in Northeast, Oklahoma City, OK under the Section 8 program is 8.7%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Northeast, Oklahoma City, OK, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 259 |
Total Units Section 8 | 259 |
% Rentals under Section 8 | 8.7% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $900 | $1,000 |
| 2 Bedroom | $110 | $1,120 | $1,230 |
| 3 Bedroom | $40 | $1,600 | $1,640 |
| 4 Bedroom | -$210 | $2,000 | $1,790 |
Affordability — Northeast, Oklahoma City, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $266,000 |
| Median Household Income | $90,000 |