Pennington, Oklahoma City, OK
Pennington — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Pennington, Oklahoma City, Oklahoma. Explore the cited sources and local facts below while agent underwriting continues.
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Pennington Neighborhood Overview
Pennington is a residential neighborhood located in the southwestern quadrant of Oklahoma City, Oklahoma. Characterized by its quiet streets and suburban feel, it offers residents a convenient location within the larger metro area. The community provides a balanced lifestyle with access to urban amenities while maintaining a distinct neighborhood atmosphere.
Lifestyle & Amenities
Residents enjoy a practical lifestyle with nearby shopping and dining options along major corridors like SW 59th Street. The neighborhood's layout is primarily residential, fostering a quiet environment for families and individuals. Local parks and community spaces provide opportunities for recreation and relaxation close to home.
Real Estate Market
The Pennington real estate market is notably affordable, with a median home value of $150,700 and a price per square foot around $137. Homes sell relatively quickly, averaging just 19 days on the market, indicating steady demand. The market offers a mix, with a homeownership rate of 42% and a median monthly rent of $880.
Schools & Education
Pennington is served by the Oklahoma City Public Schools district, which operates several elementary, middle, and high schools in the area. Families have access to the district's educational programs and resources. The specific school assignments for the neighborhood can be confirmed through the district's official zoning maps.
Transportation & Connectivity
The neighborhood benefits from excellent highway access via the nearby I-44 and I-240, facilitating easy commutes across Oklahoma City. Major surface streets like South Pennsylvania Avenue and South Western Avenue provide direct routes for local travel. This connectivity makes destinations throughout the metro region readily accessible for residents.
Why Choose Pennington
Pennington is an ideal choice for budget-conscious buyers and renters seeking an affordable entry into the Oklahoma City housing market. Its strategic location offers the convenience of city living with a quieter, community-oriented setting. The neighborhood presents a compelling value proposition for those prioritizing practicality and accessibility.
Pennington 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 Pennington, Oklahoma City
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Pennington, Oklahoma City, OK. Explore the available cited neighborhood data on this page.
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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