ZIP Code · OK

ZIP 73162

Part of Oklahoma City, OK

Pop. 28,728·Oklahoma County·11th most expensive ZIP in Oklahoma

Median rent (all units)

$1,610/mo

Year-over-Year

+1.9%

Month-over-Month

Stable

vs US Median

-$322

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 73162 · $1,610

More affordable than 65% of US ZIP codes · National median $1,932/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 73162 usually run 1.4% below trend in December and 1.1% above it in August, about $40 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 73162 is 0.5% below its high of $1,618 in April 2026, at $1,610 as of September 2026.

Past year vs. the rest of Oklahoma

Rent in ZIP 73162 changed +1.9% over the year to September 2026. Across the 87 Oklahoma ZIP codes Zillow tracks, the typical change was +3.6%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 73162 rose 36.6% while median household income rose 16.9% ($75,316 to $88,031). Rent outpaced income.

Since before the pandemic

Rent in ZIP 73162 is 40.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

What a typical income covers

30% of the median household income ($88,031) is $2,201 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,940).

Rank in Oklahoma City

24th cheapest of 27 ZIP codes in Oklahoma City.

Cheaper nearby

ZIP 73142, 2 miles away, rents for 30% less ($1,134/mo), about $5,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 73162. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,320/yr

At $1,610/mo median

Location

CityOklahoma City

StateOK

CountyOklahoma County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.9% YoY, +0.0% 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

$1,228 → $1,610

up 31.1%

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 $382 per month, settling near $1,610 after starting the period at $1,228. 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 23.7 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.

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About renting in ZIP 73162

Last updated: October 17, 2026

ZIP code 73162 covers Oklahoma City, OK. The median rent here is $1,610/mo as of October 2026. A 1-bedroom rents for a median of $1,060/mo. A 2-bedroom rents for a median of $1,300/mo.

At 22% of local median household income ($88,031/yr), ZIP 73162 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.9% over the past year.

FAQ

Frequently asked questions

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 $64,000/year (about $31/hour full-time) to afford the median rent of $1,610/mo in ZIP 73162. The local median household income is $88,031/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 73162?

Rent in ZIP 73162 has risen 1.9% over the past year as of September 2026. It sits 0.5% below its high of $1,618 in April 2026.

When is the cheapest time to rent in ZIP 73162?

Asking rents in ZIP 73162 are usually lowest in December, about 1.4% below their yearly trend, and highest in August, about 1.1% above it. At today's median that is a gap of roughly $40 a month. This pattern comes from 7 years of Zillow rent data.

Has rent outpaced income in ZIP 73162?

Yes. From 2019 to 2024, rent in ZIP 73162 rose 36.6% while median household income rose 16.9%, from $75,316 to $88,031. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 73162 compare to other ZIPs in Oklahoma?

ZIP 73162 is one of the pricier among Oklahoma ZIP codes for rent, ranking #11 of 99 at $1,610/mo. Over the year to September 2026, rent in ZIP 73162 changed +1.9%, against a typical +3.6% across the 87 Oklahoma ZIP codes Zillow tracks.