Far North, Oklahoma City, OK—73120
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Far North, Oklahoma City, OK
As of Oct '25, the median home price in Far North, Oklahoma City, OK is $236,000, with a year-over-year change of -1.4%. This indicates that home prices in Far North, Oklahoma City, OK are decreasing. 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 | $236,000 | -1.4% |
| Single Family | $247,000 | -1.2% |
| Condos | $125,000 | -3.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $95,000 | -2.1% |
2 Bed | $161,000 | -4.2% |
3 Bed | $234,000 | -1.7% |
4 Bed | $396,000 | 2.1% |
| 5 Bed | $727,000 | 4.2% |
% of Housing Stock
Rental Trends — Far North, Oklahoma City, OK
As of July '25, Rentcast reports the average rent in Far North, Oklahoma City, OK is $1,140, with a year-over-year rent change of -0.9%. Per bedroom, the median rent as of July '25 in Far North, Oklahoma City, OK is studios: $811, 1-bedrooms: $886, 2-bedrooms: $1,030, 3-bedrooms: $1,740, 4-bedrooms: $2,430. The most common rental property sizes in Far North, Oklahoma City, OK are 1-bedroom and 2-bedroom, accounting for 35.2% and 34.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $982 | $1,140 |
| Studio Rent | $867 | $811 |
| 1 Bed Rent | $852 | $886 |
| 2 Bed Rent | $1,000 | $1,030 |
| 3 Bed Rent | $1,650 | $1,740 |
| 4 Bed Rent | $2,240 | $2,430 |
% of Rental Stock
Property Listings — Far North, Oklahoma City, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Far North, Oklahoma City, OK is 49. 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 39.0%, 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 | 0.0% |
Listing Count | 223 | 15.0% |
| Listings as % of Homes | 0.6% | 15.0% |
Days on Market | 49 | 36.0% |
Demographics — Far North, Oklahoma City, OK
As of the latest ACS Survey released in 2023, Far North, Oklahoma City, OK has a population of 34,700, which has decreased by -3.1% over the past 5 years. Far North, Oklahoma City, OK is a moderately popular place for families, as children make up 16.9% of the population. The area has a highly educated workforce, with 47.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,700 | -3.1% |
% Under 18 | 16.9% | -7.1% |
% Seniors | 18.7% | 8.1% |
% WFH | 10.9% | 118.0% |
% w/ College Degree | 47.6% | 5.5% |
As of the latest ACS Survey released in 2023, Far North, Oklahoma City, OK is a predominantly white area, with 57.1% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Far North, Oklahoma City, OK is black, making up 21.7% of the population. Foreign-born residents account for 7.3% of the population in Far North, Oklahoma City, OK, and this percentage has increased by 4.3% 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 | 57.1% | -3.7% |
% Black | 21.7% | -5.7% |
% Hispanic | 6.7% | -6.9% |
% Asian | 2.2% | 37.5% |
% Foreign Born | 7.3% | 4.3% |
Mortgage and Risk — Far North, Oklahoma City, OK
According to HUD data as of 2023, there were 506 mortgage originations in Far North, Oklahoma City, OK, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Far North, Oklahoma City, OK. Investor activity is low, as 13.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 506 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 13.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Far North, Oklahoma City, OK
As of 2024, the percent of homes in Far North, Oklahoma City, OK under the Section 8 program is 1.0%. 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 units appear to be good home sizes to consider for Section 8 housing in Far North, Oklahoma City, OK, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 145 |
Total Units Section 8 | 145 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $118 | $852 | $970 |
| 2 Bedroom | $190 | $1,000 | $1,190 |
| 3 Bedroom | -$60 | $1,650 | $1,590 |
| 4 Bedroom | -$510 | $2,240 | $1,730 |
Affordability — Far North, Oklahoma City, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $236,000 |
| Median Household Income | $62,900 |