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ZIP Code · OK

ZIP 73162

Pop. 28,728·Oklahoma County·10th most expensive ZIP in Oklahoma
Median rent (all units)
$1,666/mo
Year-over-Year
-1.1%
Month-over-Month
+2.3%
vs US Median
-$299
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 73162 · $1,666
More affordable than 61% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$980
1 BR
$1,060
2 BR
$1,300
3 BR
$1,750
4 BR+
$1,940
Research median
$1,300/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$19,992/yr
At $1,666/mo median
Location
StateOK
CountyOklahoma County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (1.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (-1.1% YoY, +2.3% MoM), not inventory.
Demographics

Who lives here

ZIP 73162 (Oklahoma City, OK) is majority owner-occupied, has a large retiree population, 44.1% of residents hold a bachelor's degree or higher.

Population
28,728
Median income
$88,031
Median age
42.5
Renters
28%
Age distribution
20.8%
18.3%
26.4%
12.5%
22%
Under 1820.8%
18–3418.3%
35–5426.4%
55–6412.5%
65+22%
Gender
49.4%
50.6%
Male49.4%
Female50.6%
Race & ethnicity
60%
16.1%
White60%
Black16.1%
Hispanic7.9%
Asian5.9%
Other10%
Education (25+)
20.4%
29.2%
44.1%
No HS diploma6.3%
HS diploma20.4%
Some college29.2%
Bachelor's+44.1%
Housing tenure
72%
28%
Owner72%
Renter28%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 73162 in Oklahoma City, OK has changed in 5 years

Rent
$1,252 → $1,666
up 33.1%
Income
$81,994 → $88,031
up 7.4%
Population
28,727 → 28,728
up 0.0%
Renter share
25.1% → 28%
+2.9 pts
Bachelor's+
42.4% → 44.1%
+1.7 pts

Compared with 2021, rent in ZIP 73162 in Oklahoma City, OK has climbed by $414 per month, settling near $1,666 after starting the period at $1,252. Household income in the area moved from $81,994 to $88,031 across the same window, up 7.4% versus 2021. Rent outpaced income growth by roughly 25.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 28% of households rent today, against 25.1% in 2021. Reading these numbers side by side helps frame whether current listings in ZIP 73162 in Oklahoma City, OK look reasonable against where the market sat half a decade ago.

Community

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Local insights

Tips for renters in ZIP 73162

About renting in ZIP 73162

Last updated: July 20, 2026

ZIP code 73162 covers Oklahoma City, OK. The median rent here is $1,666/mo as of July 2026. A 1-bedroom rents for a median of $1,060/mo. A 2-bedroom rents for a median of $1,300/mo.

At 23% of local median household income ($88,031/yr), ZIP 73162 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 73162?

As of July 20, 2026, the median monthly rent in ZIP 73162 (Oklahoma City, OK) is $1,666. This is based on aggregated data from public sources and community submissions.

How does ZIP 73162 rent compare to the US average?

ZIP 73162's median rent of $1,666/mo is $299 (15%) below the US national median of $1,965/mo.

How does ZIP 73162 compare to other ZIPs in Oklahoma?

ZIP 73162 is one of the pricier ZIP codes in Oklahoma, ranking #10 out of 100 ZIPs tracked at $1,666/mo.

How much income do you need to rent in ZIP 73162?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (~$32/hour full-time) to afford the median rent of $1,666/mo in ZIP 73162. The local median household income is $88,031/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 73162?

Rent in ZIP 73162 has decreased 1.1% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 73162 an affordable place to rent?

ZIP 73162 is considered very affordable for renters. At $1,666/mo, rent takes approximately 23% of the local median household income ($88,031/yr). The standard benchmark is 30%. ZIP 73162 falls comfortably within that range.

What percentage of ZIP 73162 residents rent vs. own?

According to Census data, approximately 28% of ZIP 73162 households are renters, while 72% are owner-occupied. ZIP 73162 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 73162 compare to the rest of Oklahoma City?

ZIP 73162 is pricier than Oklahoma City as a whole. At $1,666/mo, it's $368 above the Oklahoma City citywide median of $1,298/mo.

When was rent data for ZIP 73162 last updated?

Rent data for ZIP 73162 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,666/mo, rent takes ~23% of ZIP 73162's median household income ($88,031/yr). The standard benchmark is 30%.

ZIP 73162 23%Benchmark 30%
State income tax0.25–4.75%
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Schools nearby

Public schools near ZIP 73162 (Oklahoma City, OK)

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