OKC MAPS PROJECTS – 25 YEARS
• Vacancies as a share of total units trended down sharply between 1990 and 2000 but have remained at approximately 18-19 percent of total units since 2000. Rents remain low relative to many central cities but have risen sharply in key downtown census tracts. • Median monthly rents in the downtown study area remain relatively low at $947 in 2017. • Median monthly rents vary widely, ranging as high as $2,000 in tract 1030 (south of University of Oklahoma Health Sciences Center) and as low as $575 in tract 1026 (near the Oklahoma Department of Commerce). Owner-occupied housing represents a declining share of the downtown market, but valuations are rising sharply in key census tracts. • Median values for owner occupied homes are highest in tracts 1017 (Heritage Hills, $427,600) and 1018 (Mesta Park, $296,200) to the north and tract 1038 (Bricktown and Deep Deuce, $423,800) to the southeast. • Median home values remain the lowest in tracts 1030 (south of University of Oklahoma Health Sciences Center, $104,800), 1032 (near the Oklahoma City National Memorial & Museum and Oklahoma County Jail, $119,500), and 1016 (far north, $143,100). A significant share of the city’s early legacy housing stock remains in place in the study area. • Housing units added in the study area between 2010 and 2017 now represent an estimated 11 percent of total housing units. • Approximately 27 percent of housing units in the downtown study area were constructed since 2000 when the initial MAPS projects opened. • Legacy housing remains important downtown, with 42 percent of study area units constructed prior to 1950 and 38 percent built in 1939 or earlier. Demographic Profile: The population of the downtown study area remains relatively young and the median age is falling. • Residents living in the study area have a median age of 34.0 years in 2017. This compares to 34.4 years for the county, 36.3 years for the state and 37.8 years nationally. • The median age of residents in the study has declined slightly from 34.3 years in 2010. • The low overall age dependency ratio of the study area suggests the area is home to few residents outside the traditional working ages relative to the broader region. Declining school enrollment in the study area reversed along with population beginning in 2010. • Total school enrollment among downtown residents in 2017 is down slightly from a high of approximately 2,000 students in 2000 but has rebounded by almost 225 students since 2010. • The largest gains in enrollment since 2010 are among elementary, secondary and college students residing in the study area. • More than 800 residents in the downtown study area are enrolled in college or graduate school.
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