The story of this market
The typical home in ZIP 73116 sells for about $325,000, or $163 per square foot.
Prices are down 3% from a year ago, which gives buyers more room to negotiate. Homes take about 30 days to sell. HUD's fair market rent for a two-bedroom is $1,186 a month.
ZIP 73116 — Oklahoma City
The 73116 housing market is currently experiencing a period of price stabilization following recent volatility. While inventory levels have increased, providing more options for buyers, the area remains a desirable location due to its established infrastructure and proximity to major employment hubs.
This ZIP is well-suited for established families, professionals, and downsizers who value proximity to central Oklahoma City amenities, established neighborhoods, and high-quality local infrastructure.
Median prices moved down 3.0% year over year.
Homes spend a median of 30 days on market with 2.6 months of supply — a fast-moving market.
22% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.9% · poverty 9.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 73116, Oklahoma County OK
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime trends in the 73116 area are generally consistent with broader Oklahoma City patterns, with localized variations in property crime rates. Residents typically experience safety levels comparable to other established suburban-urban transition zones in the metro.
The area is served by a mix of public and private options, with schools in the Nichols Hills and surrounding OKC districts generally maintaining moderate to high performance ratings relative to the state average.
The region is subject to standard Oklahoma climate risks, including severe thunderstorms, high winds, and occasional tornado activity. Property insurance premiums reflect these regional hazard exposures.
Economic momentum is driven by proximity to the Oklahoma City employment core, with ongoing redevelopment in nearby commercial corridors and stable demand for established residential neighborhoods.
Property taxes are assessed by the Oklahoma County Assessor based on fair market value, with rates determined by local millage levies that include school district, county, and municipal components.
Residents benefit from direct access to major thoroughfares like I-44 and the Hefner Parkway, providing efficient transit to downtown Oklahoma City and major employment hubs.
The area features proximity to Lake Hefner, numerous community parks, and established golf courses, alongside convenient access to upscale shopping and dining districts.
The rental market shows steady demand with a mix of single-family homes and apartment complexes, though vacancy pressure remains low due to the area's desirability.
The economy is anchored by the Oklahoma City metro's diverse mix of energy, government, healthcare, and aerospace sectors.
The area is served by a network of arterial roads and highways, with limited public transit options compared to larger coastal metros.
Development is focused on infill projects and the revitalization of existing commercial corridors within the 73116 ZIP and surrounding areas.
Parcels are subject to standard Oklahoma County school and municipal district levies.
Property insurance markets are stable but sensitive to regional weather-related claims, particularly wind and hail damage.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Frontier City47 mi
- Hurricane Harbor Oklahoma City46 mi
- Brickopolis Family Entertainment Center4.55.9 mi
- Dave & Buster's Oklahoma City4.21.4 mi
- Sky Zone4.17.1 mi
- Paycom Center4.75.8 mi
- Oklahoma City Convention Center4.76 mi
- Topgolf Oklahoma City4.44.3 mi
- OKC Fair Park4.24.8 mi
- Chicken N Pickle - Oklahoma City4.42.6 mi
- Oklahoma City Zoo4.54.6 mi
- Oklahoma City National Memorial & Museum4.95.2 mi
- Science Museum Oklahoma4.74.5 mi
- Cinemark Tinseltown Oklahoma City and XD4.54.1 mi
- Frontier City47 mi
- Oklahoma City National Memorial & Museum4.95.2 mi
- Science Museum Oklahoma4.74.5 mi
- National Cowboy & Western Heritage Museum4.83.9 mi
- Devon Park4.75.1 mi
- SKELETONS: Museum of Osteology4.813.7 mi
- Oklahoma City Zoo4.54.6 mi
- Scissortail Park4.76 mi
- Oklahoma City National Memorial & Museum4.95.2 mi
- Myriad Botanical Gardens4.75.7 mi
- Will Rogers Gardens4.62.8 mi
- Lake Overholser Boathouse4.47 mi
- Lake Hefner Marina4.52.6 mi
- Topgolf Oklahoma City4.44.3 mi
- Lincoln Park Golf Course4.65.1 mi
- Lake Hefner Golf Club4.22.9 mi
- Kickingbird Golf4.410 mi
- Oklahoma City Golf & Country Club4.60.3 mi
- Penn Square Mall4.31.3 mi
- OKC Outlets4.47.7 mi
- Quail Springs Mall4.34.9 mi
- WinCo Foods4.32.6 mi
- Old Paris Flea Market4.27.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional attraction for sailing, walking trails, and dining.
Upscale retail and dining district serving the local community.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price diverges 60.5% from the nearest retained anchor (researched-property base layer) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: confirmed genuine market swing — the flagged $325,000 was independently re-read and corroborated by 2 source(s); it stands as the new anchor baseline.