Updated 2026 · Based on median market data for Oklahoma City, OK
The median monthly rent in Oklahoma City, OK is $1,150, translating to $13,800 in annual gross rental income per unit. The rent-to-price ratio is 0.55% — well below the 1% rule, making pure cash flow investing challenging at median prices.
Renters in Oklahoma City spend approximately 25% of the local median household income ($54,600) on rent. This is within the healthy 25-30% range, indicating rent is affordable relative to local incomes. There may be room for moderate rent increases, especially for updated or well-located units.
The vacancy rate in Oklahoma City is 6.5%. This is a healthy vacancy rate that indicates balanced supply and demand. You should be able to find quality tenants without extended vacancies, though expect normal turnover periods of 2-4 weeks between tenants. Population growth of 1% annually provides stable demand.
Oklahoma City's GRM (price divided by annual rent) is 15.2x. A GRM between 12-16x is moderate and typical of balanced markets. Deals can work but you need to keep expenses controlled. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $1,150/mo, a single-family rental in Oklahoma City generates approximately $13,800 in gross annual income. After accounting for 6.5% vacancy ($897 lost), property taxes of $1,848, insurance (~$840), and maintenance (~$840), the estimated NOI is $9,375 per year, or $781/mo.