Real Estate Investing in El Reno, Oklahoma (73036)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73036 (El Reno, OK)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.5% vacancy may signal weakening demand.
What’s happening in El Reno, OK (73036)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73036 El Reno
ZIP 73036 inside Canadian County looks affordable on the surface — median value of $197K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,389/mo on a $197K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 73036 sits below the stated 0.0% once reality is priced in.
On the rental side, 73036 offers a low basis, the region around El Reno has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 73036 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 73036 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in El Reno:
Property Strategy for 73036
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $89,919 | $840 | 6.7% | +8.2% | $89,919 |
| 2BR | $114,402 | $1,030 | 6.5% | +8.6% | $57,201 |
| 3BR | $189,939 | $1,390 | 5.3% | +6.9% | $63,313 |
| 4BR | $256,403 | $1,540 | 4.3% | +5.0% | $64,101 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73036 Compare?
| Metric | 73036 | El Reno | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $197,187 | $197,187 | N/A | $214,563 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 6.9% |
| Avg Rent | $1,389 | $1,389 | N/A | - |
| Cap Rate | 5.5% | 5.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73036 (El Reno, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $197,187 |
| Monthly Rent | $1,389 |
| Price-to-Rent | 11.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.5% |
| Cap Rate | 5.5% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.5%). 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 73036
Population: 20,777
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 73036
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,657 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is El Reno, OK a friendly market for rental owners?
Rental owners in El Reno, OK deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What is the investability score for El Reno, OK?
With a 3.0/5 investability score, El Reno, OK ranks as a solid market for rental property investors. Median prices of $197K and rents of $1,389/mo drive the underlying numbers.
What is the typical renter like in El Reno, OK?
Tenant demand in El Reno, OK is solid. The local workforce $1,389/mo rents across most rental classes.
Can owner-occupants cash flow in El Reno, OK?
The house hack math a challenging in El Reno, OK. Owner-occupant buyers benefit from the $1,389/mo rents and $197K home values.
Which real estate strategy fits El Reno, OK?
El Reno, OK investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($197K prices, $1,389/mo rents) make it a reasonable choice.
You know 73036 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73036 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 73036 ranks in Oklahoma City, OK
Every ZIP in this metro, ranked. Free.
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