The story of this market
The typical home in ZIP 73121 sells for about $135,000, or $112 per square foot.
Prices are down 2.4% from a year ago, which gives buyers more room to negotiate. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 73121 — Oklahoma City
The 73121 housing market is currently experiencing a period of price stabilization with a slight year-over-year decline, reflecting broader regional trends of cooling demand. Inventory levels remain elevated relative to sales volume, resulting in a higher months-of-supply metric that favors buyers. Market activity is driven by affordability, though the area faces ongoing challenges related to school performance and economic development.
This ZIP is well-suited for budget-conscious first-time homebuyers and investors seeking entry-level properties, as well as renters looking for proximity to the city core at a lower price point than the northern suburbs.
Median prices moved down 2.4% year over year.
Homes spend a median of 48 days on market with 6.4 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.8% · poverty 24.5% — a mixed stability 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 6.3%/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 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 73121, 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 rates in the 73121 area remain higher than the Oklahoma City municipal average, with property crime being the primary concern reported by local law enforcement data.
Schools serving this ZIP are primarily part of the Oklahoma City Public Schools district, which generally faces challenges with academic performance ratings compared to suburban districts in the metro area.
The area is subject to standard Oklahoma severe weather risks, including high-wind events and tornadoes, with flood risk concentrated in specific low-lying zones near local drainage basins.
Economic momentum is driven by proximity to the Oklahoma City industrial corridor and ongoing revitalization efforts in the eastern portions of the city, though large-scale commercial development remains limited within the ZIP boundaries.
Property taxes are assessed by the Oklahoma County Assessor based on fair cash value, with the effective rate influenced by local school district millage rates and municipal levies.
Residents have direct access to I-35 and I-44, providing a commute of approximately 15-20 minutes to downtown Oklahoma City employment centers.
The area features proximity to Lincoln Park and the Oklahoma City Zoo, with several community parks providing local green space for residents.
The rental market is characterized by a high share of single-family rentals and older multi-family complexes, with stable demand but limited new inventory growth.
The local economy is anchored by proximity to the Oklahoma City medical district and the industrial/logistics hubs located along the I-35 corridor.
The area is served by the EMBARK bus system, providing connectivity to the broader Oklahoma City transit network.
Development is currently focused on small-scale residential infill and public infrastructure improvements rather than major commercial expansion.
The Oklahoma County Assessor maintains annual valuations based on market sales data, with a focus on equitable assessment across the county's diverse ZIP codes.
Parcels are subject to Oklahoma City municipal taxes and Oklahoma County school district levies, with no significant MUD/PID presence.
Property insurance premiums in this ZIP are influenced by regional exposure to severe convective storms and wind-related claims.
Oklahoma continues to see net positive domestic migration, primarily driven by affordability relative to coastal markets.
Oklahoma is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically extends the timeline for lenders.
Sellers are required to provide a residential property condition disclosure statement, detailing known material defects at the time of sale.
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 City44.8 mi
- Hurricane Harbor Oklahoma City49 mi
- Brickopolis Family Entertainment Center4.55.1 mi
- Dave & Buster's Oklahoma City4.27 mi
- Sky Zone4.18.2 mi
- Paycom Center4.75.4 mi
- Oklahoma City Convention Center4.75.6 mi
- Topgolf Oklahoma City4.47.9 mi
- OKC Fair Park4.27.6 mi
- Chicken N Pickle - Oklahoma City4.44.6 mi
- Oklahoma City Zoo4.51.7 mi
- Oklahoma City National Memorial & Museum4.95.1 mi
- Science Museum Oklahoma4.71.9 mi
- Cinemark Tinseltown Oklahoma City and XD4.52.3 mi
- Frontier City44.8 mi
- Oklahoma City National Memorial & Museum4.95.1 mi
- Science Museum Oklahoma4.71.9 mi
- National Cowboy & Western Heritage Museum4.82.6 mi
- Devon Park4.71.3 mi
- SKELETONS: Museum of Osteology4.810.5 mi
- Oklahoma City Zoo4.51.7 mi
- Scissortail Park4.75.7 mi
- Oklahoma City National Memorial & Museum4.95.1 mi
- Myriad Botanical Gardens4.75.5 mi
- Buck Thomas Park4.511.4 mi
- Topgolf Oklahoma City4.47.9 mi
- Lincoln Park Golf Course4.61.5 mi
- Lake Hefner Golf Club4.29.2 mi
- Kickingbird Golf4.410.4 mi
- Oklahoma City Golf & Country Club4.66.4 mi
- Penn Square Mall4.35.7 mi
- OKC Outlets4.412.1 mi
- Quail Springs Mall4.39.3 mi
- WinCo Foods4.37.7 mi
- Old Paris Flea Market4.24.8 mi
- Will Rogers International Airport4.412.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large municipal park featuring golf courses and trails.
Major regional attraction located on the western edge of the ZIP.
Horse racing track and casino facility serving the metro area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.