The story of this market
The typical home in ZIP 73071 sells for about $250,000, or $165 per square foot.
Prices are down 3.45% from a year ago, which gives buyers more room to negotiate. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 73071 — Norman
The 73071 housing market is currently experiencing a period of price stabilization following years of rapid appreciation. Inventory levels remain moderate, and while year-over-year prices have seen a slight decline, the market remains balanced for both buyers and sellers. Local economic stability is supported by the university and healthcare sectors.
This ZIP is well-suited for families and university-affiliated professionals seeking a balance of suburban living and access to the amenities of Norman and the broader Oklahoma City metro.
Median prices moved down 3.5% year over year.
Homes spend a median of 42 days on market with 2.4 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 14.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 73071, Cleveland County OK
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by Norman Public Schools, which generally maintains a stable reputation within the regional educational landscape.
The region is subject to severe weather risks, including tornadoes and high winds, which influence local property insurance premiums.
Economic momentum is driven by the University of Oklahoma and associated research and service sectors, with ongoing residential development in the eastern portions of the ZIP.
Property taxes are assessed by Cleveland County based on fair market value, with rates determined by local school district and municipal levies.
Commuters primarily utilize I-35 and State Highway 9 to access the Oklahoma City employment core, with typical drive times ranging from 25 to 40 minutes.
The area features proximity to Lake Thunderbird State Park for water recreation and numerous local parks, trails, and shopping centers along the Highway 9 corridor.
The rental market is characterized by steady demand from university students and young professionals, with moderate vacancy pressure.
The economy is anchored by the University of Oklahoma, with significant contributions from healthcare, retail, and government services.
Transportation is heavily reliant on personal vehicles, with I-35 serving as the primary north-south artery for the metro area.
Development is focused on expanding residential infrastructure in the eastern and southern fringes of the city.
The Cleveland County Assessor manages property valuations, with annual adjustments based on market sales data.
Parcels are subject to Norman Public Schools district taxes and various municipal utility service districts.
Property insurance costs are elevated due to regional exposure to severe convective storms and hail.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Hurricane Harbor Oklahoma City418.4 mi
- Brickopolis Family Entertainment Center4.516.6 mi
- Urban Air Trampoline and Adventure Park3.67 mi
- Moore Aquatic Center4.37.7 mi
- Celebration Station OKC4.318.6 mi
- Paycom Center4.716.6 mi
- Lloyd Noble Center4.54.3 mi
- Gaylord Family - Oklahoma Memorial Stadium4.83.2 mi
- Oklahoma City Convention Center4.716.4 mi
- OKC Fair Park4.218.6 mi
- Newcastle Casino3.811.2 mi
- Regal Warren Moore4.47.9 mi
- SKELETONS: Museum of Osteology4.88.8 mi
- Orr Family Farm4.39 mi
- Buck Thomas Park4.58.5 mi
- Oklahoma City National Memorial & Museum4.917.2 mi
- Science Museum Oklahoma4.719.9 mi
- Devon Park4.719.9 mi
- SKELETONS: Museum of Osteology4.88.8 mi
- First Americans Museum4.715.6 mi
- Buck Thomas Park4.58.5 mi
- Reaves Park4.53.8 mi
- Little River Park4.68.1 mi
- Lake Thunderbird State Park4.48.7 mi
- Sutton Wilderness Trail Park4.61 mi
- Lake Stanley Draper Marina4.38.8 mi
- Calypso Cove Marina LLC4.19.2 mi
- Little River Marina4.69.5 mi
- Earlywine Golf Course4.312.6 mi
- JR's Pub & Grill4.212.1 mi
- Westwood Park Golf Course3.84.1 mi
- Cobblestone Creek Golf Course4.25.3 mi
- The Trails Golf Club of Norman4.55.1 mi
- Sooner Mall4.15 mi
- Sprouts Farmers Market4.510.8 mi
- WinCo Foods4.57.7 mi
- T.J. Maxx4.44.4 mi
- Sprouts Farmers Market4.43 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional destination for boating, fishing, and camping.
Anchor institution providing cultural and sports amenities.
Primary commercial corridor serving the eastern Norman area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.