1st Advantage MortgageInvestors buying in Enid, OK are measured on the rent the property earns. Locally, median gross rent is $914 and median real estate taxes are $1,455 a year, which together set how much loan a rent can carry.
Market snapshot for Enid
Two Census medians frame the Enid rental market: gross rent of $914 a month, which is about 10% below the Oklahoma median of $1,014, and a home value of $154,900, which is about 22% below the Oklahoma median of $199,800. Put the two medians together and Enid shows a gross yield of 7.1%, a middle-of-the-road gross ratio. Because the rent number covers apartments as well as houses, expect single-family rentals to land above or below it.
| Indicator | Oklahoma | Enid | Difference |
|---|---|---|---|
| Tax as a share of home value | 0.80% | 0.94% | +17% |
| Annual property tax bill, median | $1,599 | $1,455 | -9% |
| Household income, median | $65,039 | $62,125 | -4% |
| Typical owner-occupied value | $199,800 | $154,900 | -22% |
| Typical monthly rent | $1,014 | $914 | -10% |
| Persons per household | 2.50 | 2.48 | |
| Share in 2-4 unit buildings | 4.8% | 7.0% | +47% |
| Share of homes detached | 72.7% | 78.8% | +8% |
| Degree holders, age 25+ | 28.3% | 23.1% | -18% |
| Workers on their own account | 10.6% | 8.3% | -21% |
| Renters paying 30%+ of income | 46.3% | 43.9% | -5% |
| Units sitting vacant | 12.0% | 14.6% | +22% |
| Typical construction year | 1980 | 1969 | |
| Annual rent divided by value | 6.1% | 7.1% | +16% |
| Households that rent | 34.2% | 38.7% | +13% |
| Residents (Census estimate) | 4,028,634 | 50,653 |
Roughly 38.7% of occupied housing in Enid is rented, about 13% above the Oklahoma median of 34%. Against a median household income of $62,125 (close to the Oklahoma median of $65,039), 44% of renters report rent at or above 30 percent of income.
Housing stock and vacancy in Enid
With 79% of units detached, Enid is a single-family market first. Investors mostly buy houses, and the rent evidence comes from similar houses nearby. Homes here date to 1969 at the median, which is old enough to need system replacement but modern enough to avoid the worst surprises.
About 15% of Enid's housing units are vacant, and the rental vacancy rate (units for rent against rented plus for-rent units) works out to 8.2%.
Underwriting angles in Enid
Enid's 7.1% yield is workable. Expect most single-family rentals to land near the lender's minimum ratio, so details like taxes after reassessment matter. Median build year 1969 puts the typical Enid rental in its second set of major systems. A 39% renter share is large enough to keep units leased, so location relative to jobs and schools drives rent more than the market as a whole.
Taxes, insurance and hazards in Enid
In Enid the median tax bill for an owner-occupied home is $1,455, or about 0.94% of value (Oklahoma overall: 0.80%). That bill is about 9% below the Oklahoma median of $1,599. At the median rent that tax bill takes roughly 13% of a year's rent before insurance, dues or interest.
For hazards, FEMA's National Risk Index puts Garfield County at a relatively moderate overall rating, and its top-ranked hazards are ice storms (very high), cold waves (relatively high) and tornadoes (relatively high).
| Hazard in Garfield County, FEMA index | Level |
|---|---|
| Hail exposure | Relatively Moderate |
| Tornadoes exposure | Relatively High |
| Cold waves exposure | Relatively High |
| Ice storms exposure | Very High |
| Social vulnerability score | Relatively Moderate |
| Annualized loss estimate | Relatively Low |
| Composite risk | Relatively Moderate |
In Garfield County, as anywhere, the premium is part of PITIA, which means a quote with the roof, age and flood zone of the actual Enid address belongs in your file early.
A worked DSCR test for Enid
For a rough fit test, treat $914 as the rent and $121 as the monthly tax. The payment cannot exceed $914 at a 1.00 ratio, so $793 is left after taxes for interest, principal, insurance and any association dues, shrinking to $610 if the lender wants 1.25.
Landlord and short-term rental rules in Enid
We have not confirmed a city-specific rental registration or nightly-stay permit program for Enid, so check with the city and with Garfield County before you buy, and look at any HOA or condominium rules that can be stricter than the city's. Nightly stays carry state tax in Oklahoma. Oklahoma charges state sales tax on short-term lodging rentals unless the rental is governed by the Residential Landlord and Tenant Act, and cities or counties that have adopted a lodging tax add it on top, with platforms collecting where they facilitate the booking.
A Enid landlord must handle the deposit within 45 days after move-out under Oklahoma law.
Where Enid sits among nearby places
Set Enid ($154,900 median value) beside its neighbors: Stillwater comes in lowest at $237,200, and Edmond tops the group at $351,400.
| Market | Renter share | Tax bill | Home value | Residents | Rent |
|---|---|---|---|---|---|
| Edmond | 30% | $3,261 | $351,400 | 96,825 | $1,344 |
| Stillwater | 63% | $2,207 | $237,200 | 49,269 | $947 |
| Enid | 39% | $1,455 | $154,900 | 50,653 | $914 |
Employers and institutions near Enid rentals
8.3% of employed residents work for themselves, which matters here because DSCR lending does not ask for tax returns or pay stubs. Around the edges, government workers are about 16% of employment, 23% of adults hold a bachelor's degree or higher and 8% of commuters travel 45 minutes or more.
Higher education in and around Enid includes Northern Oklahoma College, Northwestern Oklahoma State University and Phillips University, which feeds demand for student, staff and faculty housing near campus. For getting around, Enid has air service through Enid Woodring Regional Airport and Will Rogers World Airport, which matters to commuters and to out-of-town owners planning a visit.
Moving from numbers to a Enid loan
Ready to test a Enid deal? Use the calculator for the ratio, then start your application or send us the scenario.
More Oklahoma markets
Where these facts come from
- 41 O.S. § 115(A), (B), (E), (F); § 102(2), the Oklahoma deposit law
- Oklahoma Tax Commission, sales and use tax
- Census Bureau ACS 5-year 2020 to 2024 tables
- FEMA National Risk Index
- Enid overview (Wikipedia)
Numbers for Enid come from the Census Bureau's 2020 to 2024 ACS and are survey estimates. The Oklahoma legal summaries are from the RedFlagLease dataset, licensed CC BY 4.0, with statute links. Verified October 2026. Ordinances and statutes change, so confirm before acting.
Quick file checklist
On a Enid purchase, line up the lease, the tax estimate, the insurance quote and any association dues before the appraisal is ordered, and ask the appraiser's office what rent comparables they plan to use.
DSCR loan availability varies by property and lender program and is not an offer to lend. See our disclosures.
Frequently asked questions
Which rent counts when I finance a Enid property?
The property's own rent evidence decides: a lease, or the market rent from the appraisal. Citywide, Enid renters report a median of $914.
How do taxes and insurance affect a DSCR loan in Enid?
Every piece of PITIA is in the denominator. With $914 in rent, a 1.25 lender allows about $731, leaving $610 after median taxes of $121 a month.
How much real estate tax do Enid homeowners pay a year?
The median bill is $1,455, an effective rate near 0.94%. Because Garfield County may reassess at sale, use an estimate on the new price when you run the ratio.
Do DSCR lenders count short-term rental income in Enid?
Where lender guidelines allow it, yes, with platform history or a market projection. First confirm that Enid and any HOA permit stays under 30 days, and that you can register for Oklahoma lodging tax.
What deposit rules apply to a OK rental?
Under 41 O.S. § 115(A), (B), (E), (F); § 102(2): The deposit is due back within 45 days of move-out. Check the statute and your lease before collecting.
How exposed is Enid to natural hazards?
FEMA's index puts the county at relatively moderate overall. A lender cares about the premium and any flood requirement, which are address-specific in Enid.
Do I need an LLC to buy a rental in Enid?
You do not need one, and many investors close in an entity. If you use an LLC, the lender asks for formation documents and usually a personal guaranty. Talk to your attorney and accountant about structure for a Oklahoma property.