Housing market/Oklahoma/ZIP 73071

ACS 2023 · FY2027 SAFMR

ZIP 73071 Norman, Oklahoma

Oklahoma City, OK HUD Metro FMR Area · Oklahoma. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
43,105
Households
17,765
Median HH income
$59,258
Renter share
53.1%
Median gross rent
$1,059
Vacancy
7.4%
Pop. change
+1.1%
2BR SAFMR
$1,280
SAFMR / rent
1.209×
2–49 unit stock
6,029
LIHTC proj / units
5 / 466
HUD assisted MF
5 / 224

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 73071 · OK — sent to you.

ZIP 73071 · OK

ACS median rent$1,059
2BR SAFMR$1,280
90% floor$1,152
110% ceiling$1,408

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 73071

  • 1-unit detached11,66060.8%
  • 1-unit attached7914.1%
  • 2–4 units2,24911.7%
  • 5–49 units3,78019.7%
  • 50+ units4682.4%
  • Mobile2381.2%
TypeUnitsShare
1-unit detached11,66060.8%
1-unit attached7914.1%
2 units (duplex)7523.9%
3–4 units1,4977.8%
5–9 units1,7619.2%
10–19 units1,7769.3%
20–49 units2431.3%
50+ units4682.4%
Mobile2381.2%

2–4 unit share 11.7% · 5–49 unit share 19.7% · combined 2–49 31.4%.

Units by bedrooms

Studio
317
1BR
2,542
2BR
4,483
3BR
8,629
4BR
3,067
5+
154

Rent burden

Rent ≥30% of income42.7%
Rent ≥50% of income20.5%
  • ACS median gross rent $1,059 (all bedrooms, occupied rentals).
  • Median contract rent $880.
  • Renters paying ≥30% of income 42.7%; ≥50% 20.5%.
  • FY2027 2BR SAFMR $1,280 (1.209× ACS median gross rent).

Population

43,105 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +1.1%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 5 projects, 466 units.
  • HUD project-based assisted MF: 5 properties, 224 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 72 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 73071 53.1% of occupied households are renters; vacancy is 7.4%; ACS median gross rent is $1,059; population increased +1.1% between the 2018 and 2023 ACS vintages; the housing stock includes 2,249 units in 2–4-unit structures and 3,780 units in 5–49-unit structures; 5 LIHTC projects totaling 466 units; FY2027 2BR SAFMR is $1,280 versus ACS median gross rent of $1,059. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Oklahoma research

ZIP 73071 is a Census / HUD profile for Oklahoma City, OK. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Oklahoma research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 73071?

ZIP 73071 (Oklahoma City, OK HUD Metro FMR Area) has 43,105 residents, 17,765 households, a renter share of 53.1%, median household income of $59,258, and ACS 2023 median gross rent of $1,059. Vacancy is 7.4%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 73071?

ACS counts 752 units in 2-unit buildings, 1,497 in 3–4 unit buildings, 1,761 in 5–9, 1,776 in 10–19, and 243 in 20–49. Combined 2–49 unit stock is 6,029 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 73071?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,280. See the full schedule and 90–110% payment-standard band on the ZIP 73071 — Norman, OK HUD Section 8 Payment Standards / SAFMR.

Does this Oklahoma ZIP profile include Georgia listings?

No. ZIP 73071 is Census / HUD research for Oklahoma City, OK HUD Metro FMR Area. Jeff Crowe CRE does not list Oklahoma property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.