Market Snapshot | OKLAHOMA CITY Q2 2025

Market Overview

In Q2 2025, Oklahoma City’s multifamily market continued to stabilize. Average rent reached $1,016, and occupancy held around 90.1 percent. Net absorption through the first half totaled 1,107 units, closely approaching the 1,478 units delivered. The construction pipeline has contracted sharply, with just 880 units underway—down from roughly 3,000 a year ago—indicating supply is easing faster than demand. Rent growth remains modest at 1.5 percent year-over-year.

About MMG

MMG Real Estate Advisors delivers multifamily market intelligence and capital strategy insights across key U.S. metros, including Oklahoma City. Their market reports integrate rental trends, absorption data, development pipelines, and occupancy metrics with regional context to help investors, developers, and owners understand market fundamentals and make strategic decisions.