Oklahoma City's southern neighborhoods are experiencing a housing boom, with two ZIP codes, 73173 and 73179, ranking among the 50 fastest-growing new areas in the U.S. According to RentCafe's analysis, these areas have seen significant growth in housing units and population over the last decade. The 73173 ZIP code, located in southwest Oklahoma City, has seen a nearly threefold increase in housing units, from 505 in 2014 to 1,434 in 2023, while its population has grown from 1,600 to over 4,500. This growth is attributed to the area's proximity to OKC Will Rogers International Airport, the Oklahoma City Outlet Mall, and Interstate 44, making it convenient for residents to access urban areas and amenities. The median income in the ZIP code has grown by 11.7% in the last decade, suggesting the area is attracting established professionals and families looking for a place outside the urban core. The 73179 ZIP code, located in the southwestern metro, has seen a 139% increase in housing units and a 110% population increase, with an occupancy rate of 97.9%. This growth is attributed to affordability and the availability of developable land, with a focus on smaller, more affordable homes. The area is also home to a large number of younger families and first-time buyers, who can afford homes at a price point that is not available in the 73173 ZIP code. These southern neighborhoods are experiencing a housing boom, with two ZIP codes, 73173 and 73179, ranking among the 50 fastest-growing new areas in the U.S. According to RentCafe's analysis, these areas have seen significant growth in housing units and population over the last decade. The 73173 ZIP code, located in southwest Oklahoma City, has seen a nearly threefold increase in housing units, from 505 in 2014 to 1,434 in 2023, while its population has grown from 1,600 to over 4,500. This growth is attributed to the area's proximity to OKC Will Rogers International Airport, the Oklahoma City Outlet Mall, and Interstate 44, making it convenient for residents to access urban areas and amenities. The median income in the ZIP code has grown by 11.7% in the last decade, suggesting the area is attracting established professionals and families looking for a place outside the urban core. The 73179 ZIP code, located in the southwestern metro, has seen a 139% increase in housing units and a 110% population increase, with an occupancy rate of 97.9%. This growth is attributed to affordability and the availability of developable land, with a focus on smaller, more affordable homes. The area is also home to a large number of younger families and first-time buyers, who can afford homes at a price point that is not available in the 73173 ZIP code. In my opinion, the growth of these southern neighborhoods is a testament to the city's ability to adapt to changing demographics and economic conditions. As Oklahoma City continues to expand, it is important to recognize the potential of these areas to provide affordable housing and convenient access to urban amenities. The city's focus on revitalization initiatives and investor interest in these neighborhoods is a positive sign for the future of Oklahoma City's housing market.
