Real Estate Investing in Crescent, Oklahoma (73028)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73028 (Crescent, OK)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 11.1% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Crescent, OK (73028)?
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Market Analysis: 73028 Crescent
ZIP 73028 in Crescent, OK carries a healthy set of headwinds. Home values near $175K and rents of $990/mo sit inside a market where underwriting has to be tight.
The investment case in 73028 is healthy only for operators who understand what they are buying. A $175K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 73028 among OK's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 73028 includes headwinds that any investor should price in. Income distribution skews lower than Crescent averages, and tenant stability requires active management.
Distressed ZIPs reward experience. notable returns are possible in 73028, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Crescent:
Property Strategy for 73028
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $127,047 | $1,100 | 6.2% | +6.7% | $63,523 |
| 3BR | $198,296 | $1,470 | 5.3% | +6.5% | $66,099 |
Market Trends
Home Value History (with trend line)
📊 How Does 73028 Compare?
| Metric | 73028 | Crescent | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $175,325 | $175,325 | N/A | $214,563 |
| 5-Year CAGR | 3.3% | 3.3% | N/A | 6.9% |
| Avg Rent | $990 | $990 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73028 (Crescent, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $175,325 |
| Monthly Rent | $990 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 73028
Population: 3,484
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 73028
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
How do home values compare in Crescent, OK?
Homes in Crescent, OK typically sell near $175K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
What is the typical renter like in Crescent, OK?
Crescent, OK offers a consistent renter base at the $990/mo rent level. Tenant turnover is reasonable for well-managed properties.
How does Crescent, OK stack up for property investment?
Yes - Crescent, OK a 3.0/5 investability score. With $175K home prices against $990/mo monthly rent, the market delivers a reasonable entry point for new investors.
How high is vacancy risk in Crescent, OK?
Vacancy risk in Crescent, OK is elevated. That supports predictable cash flow for typical rental holds.
Is OK a landlord-friendly state?
The landlord environment in Crescent, OK is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 73028 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73028 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 73028 ranks in Oklahoma City, OK
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Community Ratings
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