How much is a home worth in ZIP code 73118?

The typical home in 73118 is worth $235,610, based on the Zillow Home Value Index.

Are home values rising in 73118?

Home values in 73118 are up 0.0% over the past year, and up 3.4% a year over five years.

What is the typical rent in 73118?

A typical home in 73118 rents for about $1,422 a month, a gross rental yield of 7.2%.

What is the property tax rate in 73118?

The effective property tax rate in 73118 is 0.9% — roughly $2,210 a year on a typical home.

ZIP code 73118 has a population of 14,262 and a median household income of $69,827.

HousingHandbookReference data

…

U.S. ZIP Code · OK73118

Oklahoma County · Oklahoma City, OK

Typical home value

$235,610^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: 0.0%
5-year / yr: +3.4%
10-year / yr: +5.9%

Relative price

vs U.S.: -17.1%
vs metro: +4.9%
vs state: +29.1%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 73118 is worth $235,610 — 4.9% above the Oklahoma City, OK median. Over the past year, values have risen 0.0%. Homes here rent for a typical $1,422 a month — a 7.2% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,422^[2]
Gross yield: 7.2%^[2]
Cap rate: 4.3%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.9%^[3]
Typical annual tax: $2,210^[3]

#Climate risk

FEMA National Risk Index ratings for Oklahoma County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Not Applicable
Wildfire: Relatively Moderate
Drought: Relatively Moderate
Heat wave: Relatively High
Hurricane: Very Low
Tornado: Very High
Earthquake: Relatively Moderate
Winter weather: Relatively High

#Who lives here

Population: 14,262^[3]
Median household income: $69,827^[3]

#Migration

Household moves in and out of Oklahoma County over a year, from IRS tax-return data.

Net migration: +157^[5]
Moved in: 20,867
Moved out: 20,710

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 1
Middle: 1
High: 3

Epic Charter School Elementary
Elementary · Grades PK–8 · EPIC Charter School
13,702 students
Epic Charter School High School
High · Grades 9–12 · EPIC Charter School
13,350 students
HARDING FINE ARTS ACADEMY
High · Grades 9–12 · HARDING FINE ARTS (CHARTER)
398 students
PUTNAM HEIGHTS ACADEMY HS
High · Grades 9–12 · OKLAHOMA CITY
65 students
PUTNAM HEIGHTS ACADEMY MS
Middle · Grades 5–8 · OKLAHOMA CITY
23 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield7.2%

Net yield (after ~40% expenses)4.3%

Annual rent$17,067

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,191

Loan principal$188,488

Down payment$47,122

Total interest paid$240,406

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.11

Monthly cost to own$1,572

Monthly rent$1,422

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 9th percentile^[1]
Rental yield: 52nd percentile^[2]
Property tax: 78th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 73118?: The typical home in 73118 is worth $235,610, based on the Zillow Home Value Index.
Are home values rising in 73118?: Home values in 73118 are up 0.0% over the past year, and up 3.4% a year over five years.
What is the typical rent in 73118?: A typical home in 73118 rents for about $1,422 a month, a gross rental yield of 7.2%.
What is the property tax rate in 73118?: The effective property tax rate in 73118 is 0.9% — roughly $2,210 a year on a typical home.
Who lives in 73118?: ZIP code 73118 has a population of 14,262 and a median household income of $69,827.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

73132 vs 73118 →
Oklahoma City, OK
Typical home
$236,604
Gross yield
6.3%
73004 vs 73118 →
Amber, OK
Typical home
$233,271
Gross yield
—
73120
Oklahoma City, OK
Typical home
$242,935
Gross yield
6.3%
73069
Norman, OK
Typical home
$244,844
Gross yield
6.7%
73080
Purcell, OK
Typical home
$225,075
Gross yield
—
73071
Norman, OK
Typical home
$224,896
Gross yield
6.9%

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Pit ZIP 73118 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · OK73118

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