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Sarah Mitchell
Compass Real Estate · ZIP 73071
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73071 ZIP Code Housing Market
$240,000median sale price
What is the 73071 housing market like right now?
The median home sale price in ZIP code 73071 is $240,000. Homes sell in an average of 45 days with 127 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 73071 ZIP code a buyer's or seller's market?
ZIP code 73071 is currently a balanced market and homes selling in about 45 days. How we determine this →
What are the latest 73071 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $240,000 |
| Median list price | $249,925 |
| Average days on market | 45 days |
| Active inventory | 127 listings |
| Sale-to-list price ratio | 98.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 73071 zip code, located in Norman, OK, is currently classified as a balanced market. The median sale price stands at $240,000. Homes in this area spend an average of 45 days on the market before going under contract. There are currently 127 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 73071 sits in the Norman, OK area, roughly 3.5 miles from downtown Norman. Because home prices are set street by street, this ZIP can move differently from Norman's citywide averages. The figures below reflect 73071 specifically — drawn from Redfin transactions, U.S. Census data for its 43,798 residents, and Zillow value estimates.
Homes sold
172
Last 12 weeks
Days on market
45
Average pace
Active listings
127
Sale-to-list
98.2%
Below asking
What is driving the 73071 housing market?
The 73071 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 98.2% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 73071 have remained relatively stable compared to last year. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 73071 stands at $225,092, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,351 per month. This gives a price-to-rent ratio of approximately 13.9, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 73071?
Population
43,798
Median income
$64,007/yr
Median age
31 years
Owner-occupied
48.2%
College grads
41.1%
Avg commute
26.19 min
What is it like living in 73071?
Zip code 73071 is home to approximately 43,798 residents. The median household income is $64,007 per year, which shapes the types of homes and amenities available in the area. With a median age of 31 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 48.2% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 41.1% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 26.19 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 73071.
Which public schools serve ZIP 73071?
11 schools tracked · 5,022 students
The largest public schools serving ZIP code 73071 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
IRVING MS
Grades 6-8 · 734 students
LONGFELLOW MS
Grades 6-8 · 728 students
EISENHOWER ES
Grades PK-5 · 595 students
RONALD REAGAN ES
Grades PK-5 · 541 students
DIMENSIONS ACADEMY
Grades 9-12 · 497 students
KENNEDY ES
Grades PK-5 · 485 students
LE MONDE INTERNATIONAL SCHL
Grades PK-8 · 383 students
JEFFERSON ES
Grades PK-5 · 357 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 73071
What is the median home price in 73071?
The current median sale price in 73071 is $240,000, based on recent Redfin transaction data. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 73071 a buyer's or seller's market?
The 73071 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 73071?
Zip code 73071 has a population of approximately 43,798 residents. The median household income is $64,007 per year. About 48.2% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 73071?
Properties Incorporated provides comprehensive data for 73071 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 73071 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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