Far East, Oklahoma City, OK—73108
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Far East, Oklahoma City, OK
As of Oct '25, the median home price in Far East, Oklahoma City, OK is $89,000, with a year-over-year change of -7.5%. This indicates that home prices in Far East, 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 | $89,000 | -7.5% |
| Single Family | $89,000 | -6.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $60,000 | -7.7% |
2 Bed | $78,000 | -6.0% |
3 Bed | $108,000 | -1.8% |
4 Bed | $160,000 | -0.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Far East, Oklahoma City, OK
As of July '25, Rentcast reports the average rent in Far East, Oklahoma City, OK is $882, with a year-over-year rent change of -6.4%. Per bedroom, the median rent as of July '25 in Far East, Oklahoma City, OK is studios: $669, 1-bedrooms: $768, 2-bedrooms: $1,030, 3-bedrooms: $2,080. The most common rental property sizes in Far East, Oklahoma City, OK are 2-bedroom and 3-bedroom, accounting for 37.2% and 27.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $797 | $882 |
| Studio Rent | $583 | $669 |
| 1 Bed Rent | $772 | $768 |
| 2 Bed Rent | $949 | $1,030 |
| 3 Bed Rent | $1,200 | $2,080 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Far East, Oklahoma City, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Far East, Oklahoma City, OK is 47. This is a increase of 13.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $366,000 | -3.0% |
Listing Count | 39 | 8.0% |
| Listings as % of Homes | 0.5% | 8.0% |
Days on Market | 47 | 13.0% |
Demographics — Far East, Oklahoma City, OK
As of the latest ACS Survey released in 2023, Far East, Oklahoma City, OK has a population of 15,200, which has remained stable by 0.5% over the past 5 years. Far East, Oklahoma City, OK is a popular place for families, as children make up 34.3% of the population. The area has a poorly educated workforce, with 3.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,200 | 0.5% |
% Under 18 | 34.3% | 3.9% |
% Seniors | 7.3% | 12.3% |
% WFH | 4.5% | 1,025.0% |
% w/ College Degree | 3.6% | -45.5% |
As of the latest ACS Survey released in 2023, Far East, Oklahoma City, OK is a predominantly hispanic area, with 64.7% of the population identifying as hispanic. The hispanic population has grown by 9.7% in the last 5 years. The second most common race or ethnicity in Far East, Oklahoma City, OK is white, making up 20.3% of the population. Foreign-born residents account for 26.5% of the population in Far East, Oklahoma City, OK, and this percentage has increased by 3.5% 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 | 20.3% | -19.4% |
% Black | 8.6% | 21.1% |
% Hispanic | 64.7% | 9.7% |
% Asian | 0.2% | -33.3% |
% Foreign Born | 26.5% | 3.5% |
Mortgage and Risk — Far East, Oklahoma City, OK
According to HUD data as of 2023, there were 76 mortgage originations in Far East, Oklahoma City, OK, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Far East, Oklahoma City, OK. Investor activity is low, as 14.0% of loans were by investors. 1.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 76 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 14.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 1.0% |
Loan Activity
Rentals and Section 8 — Far East, Oklahoma City, OK
Far East, Oklahoma City, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 765 |
Total Units Section 8 | 68 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $28 | $772 | $800 |
| 2 Bedroom | $41 | $949 | $990 |
| 3 Bedroom | $110 | $1,200 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Far East, Oklahoma City, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $89,000 |
| Median Household Income | $35,300 |