The story of this market
The typical home in ZIP 73054 sells for about $395,000, or $228 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 73054 — Luther
The housing market in 73054 remains stable, characterized by low inventory and a preference for large-acreage single-family homes. Prices have seen modest year-over-year growth, though the market is limited by its rural nature and distance from major employment hubs. Demand is steady among families seeking space, but the lack of new development keeps sales volume low.
This ZIP is best suited for family buyers and individuals seeking rural living, privacy, and large acreage, while still maintaining a manageable commute to the Oklahoma City metro area.
Median prices moved up 3.2% year over year.
Homes spend a median of 62 days on market with 8.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 9.2% — 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 8.8%/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 8.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 73054, Oklahoma 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.
Crime rates in the Luther area are generally lower than the Oklahoma City metro average, with property crime being the primary concern in this rural-fringe setting.
Schools serving the area are primarily part of the Luther Public Schools district, which maintains a small-town educational environment with moderate performance ratings.
The area is subject to standard Oklahoma risks, including severe thunderstorm and tornado activity, with flood risk concentrated near local creek beds.
Growth is characterized by low-density residential development and agricultural land use, with limited commercial infrastructure expansion currently reported.
Property taxes are assessed at the county level based on fair market value, with standard homestead exemptions available for primary residences.
Commuting to the Oklahoma City employment core typically requires a 30-45 minute drive via I-44 or local highway corridors.
Recreational opportunities are largely rural, featuring open space and proximity to local parks, with limited high-density shopping or entertainment venues within a 3-mile radius.
The rental market is limited, consisting mostly of single-family homes with low turnover and minimal multi-family inventory.
The local economy is largely agricultural and residential, with most residents commuting to the broader Oklahoma City metro area for employment in healthcare, energy, and government sectors.
Public transit is not available; the area is entirely dependent on private vehicle transportation via state highways and county roads.
Development is primarily focused on low-density residential subdivisions and individual custom home builds.
The Oklahoma County Assessor manages property valuations, utilizing annual market analysis to determine taxable values.
Parcels are subject to standard school district and county-level property tax levies.
Property insurance premiums are influenced by regional exposure to severe weather, including wind and hail damage common in central Oklahoma.
Oklahoma is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a residential property condition disclosure statement to buyers.
Data retrieved from census.gov ZCTA-level profiles.
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.
- Frontier City414.9 mi
- Sky Zone4.116.4 mi
- Surge Adventure Park3.816.4 mi
- Parkhurst Pumpkin Patch4.45.2 mi
- Altitude 12914.119.8 mi
- Topgolf Oklahoma City4.419.5 mi
- Devon Park4.718.2 mi
- Chicken N Pickle - Oklahoma City4.419.2 mi
- The Zoo Amphitheatre4.519 mi
- Lazy E Arena4.711.2 mi
- Pops4.47.7 mi
- Showbiz Cinemas Edmond4.412.4 mi
- Arcadia Round Barn4.67.1 mi
- Spring Creek Park4.510.9 mi
- Seaba Station Motorcycle Museum4.811.3 mi
- Science Museum Oklahoma4.718.8 mi
- National Cowboy & Western Heritage Museum4.818.7 mi
- Devon Park4.718.2 mi
- Oklahoma Railway Museum4.619.2 mi
- Arcadia Round Barn4.67.1 mi
- Spring Creek Park4.510.9 mi
- Spring Creek Swim Beach4.410.5 mi
- Spring Creek Trail - Integris Trailhead4.812.7 mi
- The Golf Club of Edmond3.912.9 mi
- Dollar General4.21 mi
- DG Market4.29.7 mi
- Dollar General4.111.1 mi
- Will Rogers International Airport4.430.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community park providing basic outdoor recreation space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.