Penn South, Oklahoma City, OK
Penn South — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Penn South, Oklahoma City, Oklahoma. Explore the cited sources and local facts below while agent underwriting continues.
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Penn South Neighborhood Overview
Penn South is a residential neighborhood located in southwest Oklahoma City, Oklahoma. It offers residents a quiet, suburban-style atmosphere within the city limits. The area is characterized by its affordable housing and convenient access to major city amenities.
Lifestyle & Amenities
Residents enjoy a practical lifestyle with several shopping and dining options nearby along major thoroughfares. The neighborhood provides good access to essential services, including grocery stores and retail centers. Its location supports a blend of suburban comfort and urban convenience for daily needs.
Real Estate Market
The Penn South real estate market is notably affordable, with a median home value of $150,700 and a price per square foot around $115. Homes sell quickly, averaging just 15 days on the market. The market is a mix of owners and renters, with a homeownership rate of 42% and a median rent of $880 per month.
Schools & Education
Penn South is served by the Oklahoma City Public Schools district. Families in the area have access to the district's range of educational institutions. For specific school assignments and performance data, prospective residents should consult the district's current boundary maps.
Transportation & Connectivity
The neighborhood is well-connected by major roads, providing straightforward commutes to downtown Oklahoma City and other employment centers. While primarily car-dependent, the area's layout facilitates easy highway access. Public transportation options are available through the city's bus service network.
Why Choose Penn South
Penn South is an ideal choice for budget-conscious buyers and renters seeking an affordable entry into the Oklahoma City housing market. Its fast-moving real estate market and median household income of $45,884 reflect its appeal to working families and first-time homeowners. The neighborhood delivers solid value and convenience for those prioritizing practicality and location.
Penn South Market Data
| Metric | Value |
|---|---|
| Median Home Price | $151K |
| Median Gross Rent | $880/mo |
| Median Household Income | $46K |
| Homeownership Rate | 42.4% |
| Renter-Occupied | 57.6% |
| Rental Vacancy Rate | 8.0% |
| Market Type | Buyer's |
| Market Tier | Affordable |
| Primary ZIP Code | 73139 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 85,661 |
| VA Loan Originations | 9,482 |
| VA Loan Share | 0.1% |
| Average VA Loan Amount | $261K |
| Conventional Loan Originations | 64,218 |
| FHA Loan Originations | 11,961 |
Top Real Estate Agents in Penn South, Oklahoma City
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Penn South, Oklahoma City, OK. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Oklahoma Real Estate Commission (OREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12