Zip codes with the fastest growing rent in Oklahoma

Written by:
March 25, 2021
realtor.com

Zip codes with the fastest growing rent in Oklahoma

Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.

While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.

The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a “seesaw effect” on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.

Stacker compiled a list of zip codes with the fastest growing rent in Oklahoma using data from Zillow. Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from realtor.com.

Zip codes with the fastest growing rent in Oklahoma

Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.

While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.

The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a “seesaw effect” on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.

Stacker compiled a list of zip codes with the fastest growing rent in Oklahoma using data from Zillow. Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from realtor.com.

#20. 73106 (Oklahoma City)

- 1 year rent change: +2.0%
--- #14 fastest growing rent among zip codes in Oklahoma City, OK metro
- 5 year rent change: +17.2%
- Typical rent: $1,124
--- 0.5% above typical rent in Oklahoma City, OK metro

- Pictured (for rent): 2200 N Classen Blvd, Oklahoma City 73106 ($2,810)

#19. 73112 (Oklahoma City)

- 1 year rent change: +2.7%
--- #13 fastest growing rent among zip codes in Oklahoma City, OK metro
- 5 year rent change: +11.6%
- Typical rent: $989
--- 11.5% less than typical rent in Oklahoma City, OK metro

- Pictured (for rent): 5418 N Meridian Ave, Oklahoma City 73112 ($899)

#18. 73013 (Edmond)

- 1 year rent change: +2.9%
--- #12 fastest growing rent among zip codes in Oklahoma City, OK metro
- 5 year rent change: +8.4%
- Typical rent: $1,379
--- 23.3% above typical rent in Oklahoma City, OK metro

- Pictured (for rent): 3621 Wynn Dr, Edmond 73013 ($1,087)

#17. 73003 (Edmond)

- 1 year rent change: +3.0%
--- #11 fastest growing rent among zip codes in Oklahoma City, OK metro
- 5 year rent change: +9.0%
- Typical rent: $1,290
--- 15.4% above typical rent in Oklahoma City, OK metro

- Pictured (for rent): 1201 Covell Village Dr, Edmond 73003 ($1,412)

#16. 73012 (Edmond)

- 1 year rent change: +3.4%
--- #10 fastest growing rent among zip codes in Oklahoma City, OK metro
- 5 year rent change: +8.1%
- Typical rent: $1,445
--- 29.2% above typical rent in Oklahoma City, OK metro

- Pictured (for rent): 2800 NW 192nd St, Edmond 73012 ($1,785)

#15. 73099 (Yukon)

- 1 year rent change: +3.5%
--- #9 fastest growing rent among zip codes in Oklahoma City, OK metro
- 5 year rent change: +7.2%
- Typical rent: $1,258
--- 12.5% above typical rent in Oklahoma City, OK metro

- Pictured (for rent): 500 Pointe Pkwy Blvd, Yukon 73099 ($1,081)

#14. 73162 (Oklahoma City)

- 1 year rent change: +3.8%
--- #8 fastest growing rent among zip codes in Oklahoma City, OK metro
- 5 year rent change: +10.2%
- Typical rent: $1,325
--- 18.5% above typical rent in Oklahoma City, OK metro

- Pictured (for rent): 9777 N Council Rd, Oklahoma City 73162 ($1,414)

#13. 73034 (Edmond)

- 1 year rent change: +3.8%
--- #7 fastest growing rent among zip codes in Oklahoma City, OK metro
- 5 year rent change: +10.5%
- Typical rent: $1,203
--- 7.6% above typical rent in Oklahoma City, OK metro

- Pictured (for rent): 1015 Chowning Ave, Edmond 73034 ($550)

#12. 74008 (Bixby)

- 1 year rent change: +3.8%
--- #6 fastest growing rent among zip codes in Tulsa, OK metro
- 5 year rent change: +6.6%
- Typical rent: $1,351
--- 15.9% above typical rent in Tulsa, OK metro

- Pictured (for rent): 8300 E 123rd St S, Bixby 74008 ($2,208)

#11. 73132 (Oklahoma City)

- 1 year rent change: +4.4%
--- #6 fastest growing rent among zip codes in Oklahoma City, OK metro
- 5 year rent change: +13.1%
- Typical rent: $1,294
--- 15.7% above typical rent in Oklahoma City, OK metro

- Pictured (for rent): 8501 Candlewood Dr, Oklahoma City 73132 ($1,100)

#10. 73071 (Norman)

- 1 year rent change: +4.5%
--- #5 fastest growing rent among zip codes in Oklahoma City, OK metro
- 5 year rent change: +7.8%
- Typical rent: $1,039
--- 7.1% less than typical rent in Oklahoma City, OK metro

- Pictured (for rent): 900 E Lindsey St, Norman 73071 ($995)

#9. 74012 (Broken Arrow)

- 1 year rent change: +4.7%
--- #5 fastest growing rent among zip codes in Tulsa, OK metro
- 5 year rent change: +9.9%
- Typical rent: $1,169
--- 0.3% above typical rent in Tulsa, OK metro

- Pictured (for rent): 305 N Main St, Broken Arrow 74012 ($1,475)

#8. 74037 (Jenks)

- 1 year rent change: +5.2%
--- #4 fastest growing rent among zip codes in Tulsa, OK metro
- 5 year rent change: +10.8%
- Typical rent: $1,520
--- 30.4% above typical rent in Tulsa, OK metro

- Pictured (for rent): 727 E Main Pl, Jenks 74037 ($2,650)

#7. 73072 (Norman)

- 1 year rent change: +5.9%
--- #4 fastest growing rent among zip codes in Oklahoma City, OK metro
- 5 year rent change: +9.8%
- Typical rent: $1,188
--- 6.3% above typical rent in Oklahoma City, OK metro

- Pictured (for rent): 2900 Oak Tree Ave, Norman 73072 ($450)

#6. 74112 (Tulsa)

- 1 year rent change: +6.4%
--- #3 fastest growing rent among zip codes in Tulsa, OK metro
- 5 year rent change: +16.8%
- Typical rent: $944
--- 19.0% less than typical rent in Tulsa, OK metro

- Pictured (for rent): 1563 S 79th East Ave, Tulsa 74112 ($925)

#5. 73115 (Oklahoma City)

- 1 year rent change: +7.2%
--- #3 fastest growing rent among zip codes in Oklahoma City, OK metro
- 5 year rent change: +14.6%
- Typical rent: $850
--- 24.0% less than typical rent in Oklahoma City, OK metro

- Pictured (for rent): 4625 Tinker Diagonal St, Oklahoma City 73115 ($995)

#4. 74105 (Tulsa)

- 1 year rent change: +7.3%
--- #2 fastest growing rent among zip codes in Tulsa, OK metro
- 5 year rent change: +12.9%
- Typical rent: $1,143
--- 2.0% less than typical rent in Tulsa, OK metro

- Pictured (for rent): 2842 E 51st St, Tulsa 74105 ($817)

#3. 74014 (Broken Arrow)

- 1 year rent change: +7.5%
--- #1 fastest growing rent among zip codes in Tulsa, OK metro
- 5 year rent change: +15.1%
- Typical rent: $1,415
--- 21.4% above typical rent in Tulsa, OK metro

- Pictured (for rent): 2800 N 23rd St, Broken Arrow 74014 ($1,293)

#2. 73160 (Oklahoma City)

- 1 year rent change: +7.6%
--- #2 fastest growing rent among zip codes in Oklahoma City, OK metro
- 5 year rent change: +14.2%
- Typical rent: $1,225
--- 9.6% above typical rent in Oklahoma City, OK metro

- Pictured (for rent): 701 SW 17th St, Moore 73160 ($1,045)

#1. 73135 (Oklahoma City)

- 1 year rent change: +8.2%
--- #1 fastest growing rent among zip codes in Oklahoma City, OK metro
- 5 year rent change: +22.6%
- Typical rent: $1,151
--- 3.0% above typical rent in Oklahoma City, OK metro

- Pictured (for rent): 6929 Sooner Rd, Oklahoma City 73135 ($1,020)

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