South, Oklahoma City, OK—73159
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South, Oklahoma City, OK
As of Oct '25, the median home price in South, Oklahoma City, OK is $175,000, with a year-over-year change of -0.4%. This indicates that home prices in South, 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 | $175,000 | -0.4% |
| Single Family | $175,000 | -0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $135,000 | -2.2% |
3 Bed | $175,000 | -0.6% |
4 Bed | $214,000 | 0.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — South, Oklahoma City, OK
As of July '25, Rentcast reports the average rent in South, Oklahoma City, OK is $1,160, with a year-over-year rent change of 5.5%. Per bedroom, the median rent as of July '25 in South, Oklahoma City, OK is studios: $785, 1-bedrooms: $904, 2-bedrooms: $1,170, 3-bedrooms: $1,500, 4-bedrooms: $1,800. The most common rental property sizes in South, Oklahoma City, OK are 3-bedroom and 2-bedroom, accounting for 37.3% and 28.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,160 |
| Studio Rent | $749 | $785 |
| 1 Bed Rent | $940 | $904 |
| 2 Bed Rent | $1,200 | $1,170 |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | $1,820 | $1,800 |
% of Rental Stock
Property Listings — South, Oklahoma City, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in South, Oklahoma City, OK is 54. This is a increase of 45.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | -2.0% |
Listing Count | 94 | 26.0% |
| Listings as % of Homes | 0.2% | 26.0% |
Days on Market | 54 | 45.0% |
Demographics — South, Oklahoma City, OK
As of the latest ACS Survey released in 2023, South, Oklahoma City, OK has a population of 32,200, which has decreased by -4.9% over the past 5 years. South, Oklahoma City, OK is a popular place for families, as children make up 26.6% of the population. The area has a poorly educated workforce, with 16.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,200 | -4.9% |
% Under 18 | 26.6% | -5.7% |
% Seniors | 14.1% | 6.8% |
% WFH | 4.8% | 100.0% |
% w/ College Degree | 16.9% | 8.3% |
As of the latest ACS Survey released in 2023, South, Oklahoma City, OK is a predominantly white area, with 45.7% of the population identifying as white. The white population has shrunk by 8.2% in the last 5 years. The second most common race or ethnicity in South, Oklahoma City, OK is hispanic, making up 30.8% of the population. Foreign-born residents account for 14.4% of the population in South, Oklahoma City, OK, and this percentage has decreased by 4.6% 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 | 45.7% | -8.2% |
% Black | 9.2% | 13.6% |
% Hispanic | 30.8% | 14.9% |
% Asian | 5.0% | -30.6% |
% Foreign Born | 14.4% | -4.6% |
Mortgage and Risk — South, Oklahoma City, OK
According to HUD data as of 2023, there were 309 mortgage originations in South, Oklahoma City, OK, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in South, Oklahoma City, OK. Investor activity is low, as 14.0% 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 | 309 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 14.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — South, Oklahoma City, OK
As of 2024, the percent of homes in South, Oklahoma City, OK under the Section 8 program is 8.4%. 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 3-bedroom units appear to be good home sizes to consider for Section 8 housing in South, Oklahoma City, OK, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 485 |
Total Units Section 8 | 479 |
% Rentals under Section 8 | 8.4% |
% Occupied Section 8 | 85.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $940 | $980 |
| 2 Bedroom | $0 | $1,200 | $1,200 |
| 3 Bedroom | $100 | $1,500 | $1,600 |
| 4 Bedroom | -$70 | $1,820 | $1,750 |
Affordability — South, Oklahoma City, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $175,000 |
| Median Household Income | $56,400 |