Oklahoma City, OK

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Oklahoma City short-term rental market based on reliable data.

Listings

2356 / 4121

Reliable / Active

Cap Rate

12%

Middle-Earners Gross Yield

Revenue

$25,977

Middle-Earners Revenue

Occupancy

65%

Middle-Earners Occupancy

Home Value

$209,117

Median Home Sale Price

Top Earners

$48,706

Top-Earners Revenue

Oklahoma City

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Oklahoma City.

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C

Challenging to Investors

Oklahoma City Regulations

Oklahoma City explicitly allows STRs citywide under a regulated Home Sharing framework, but imposes strict limits (10% of homes per block for non‑primary STRs, 10 nights per month cap) and requires a $1,100 special exception for investor‑type uses. Licensing fees are modest (~$110–$120/yr), but the cap, additional approvals, safety/building code requirements, hotel/motel tax, and up to $500 per‑violation fines add a meaningful compliance burden that constrains investment potential.

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About Oklahoma City

Oklahoma City, the capital of the U.S. state of Oklahoma, sits in the center of Oklahoma County at the crossroads of the southern Great Plains. The city has a population of roughly 680,000 residents, with a metropolitan area approaching 1.4 million, and is known for its blend of Western heritage, Native American cultural influence, and a revitalized downtown that has gained attention in recent years. Often described as a friendly, sprawling city with big skies and a down-to-earth character, Oklahoma City serves as a gateway to the wider region's cowboy culture, working cattle ranches, and historic Route 66 landmarks. It lies about 160 miles south of Wichita, Kansas, and roughly 200 miles north of Dallas, Texas, placing it within easy driving distance of several major population centers of the central United States.

The Oklahoma City National Memorial stands at the heart of downtown, occupying the site of the 1995 Alfred P. Murrah Federal Building bombing. The outdoor symbolic memorial, with its reflecting pool, the Field of Empty Chairs, and the surviving "Survivor Tree," is free to visit at any hour, while the adjacent museum offers a more in-depth interpretive experience just a few steps away. Within walking distance of the memorial, Scissortail Park stretches roughly 70 acres along the Oklahoma River and opened in its current form in 2019, hosting concerts, festivals, and farmers markets throughout the year.

To the southwest of the city center, the Stockyards City district preserves a slice of Oklahoma City's cattle-era past. It remains home to working livestock auctions, Western wear shops, restaurants, and the famous Stockyards City Main Street, where the smell of leather and the sight of cowboys on horseback are still part of daily life. Visitors interested in the food and culture of the area often pair a trip here with a stop at the longtime Cattlemen's Steakhouse, a local institution that has been serving travelers and ranchers for decades.

The National Cowboy & Western Heritage Museum sits a short drive northeast of downtown, with a sizable collection of Western art, historic rodeo memorabilia, frontier artifacts, and exhibits on Native American heritage. Its outdoor Persimmon Hill complex features a re-created turn-of-the-century frontier town, making it a popular stop for families exploring the wider story of the American West. Together with other nearby draws such as Lake Hefner, the Oklahoma River boathouse district, and a number of Route 66 sites, these attractions give Oklahoma City a varied appeal for short-term rental visitors looking to combine big-city amenities with easy access to the Great Plains landscape beyond.

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