Real Estate Investing in Fort Cobb, Oklahoma (73038)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73038 (Fort Cobb, OK)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 38.8% of homes vacant — above national norms.
- Declining values: -0.3% 5-year CAGR — values have moved lower.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Fort Cobb, OK (73038)?
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Market Analysis: 73038 Fort Cobb
Investors eyeing 73038 need to respect the fundamentals at play. Home values of $111K come alongside slower price movement and elevated management overhead.
The 73038 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 73038 among OK's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 73038 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Fort Cobb's stable or hybrid ZIPs before stepping into 73038. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Fort Cobb:
Property Strategy for 73038
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $84,445 | $940 | 8.0% | — | $42,223 |
| 3BR | $154,254 | $1,160 | 5.4% | — | $51,418 |
Market Trends
Home Value History (with trend line)
📊 How Does 73038 Compare?
| Metric | 73038 | Fort Cobb | Oklahoma |
|---|---|---|---|
| Home Value | $111,094 | $111,094 | $214,563 |
| 5-Year CAGR | N/A | N/A | 6.9% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 5.9% | 5.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73038 (Fort Cobb, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $111,094 |
| Monthly Rent | $846 |
| Price-to-Rent | 10.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.1% |
| Cap Rate | 5.9% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | -0.8% ▼ |
| 3-Year CAGR | +0.0% ▲ |
| 5-Year CAGR | -0.3% ▼ |
| 10-Year CAGR | +0.7% ▲ |
🏠 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 (5.9%). 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 73038
Population: 1,442
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 73038
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
Frequently Asked Questions
Is Fort Cobb in OK worth investing in?
With a 3.0/5 investability score, Fort Cobb, OK ranks as a solid market for rental property investors. Median prices of $111K and rents of $846/mo drive the underlying numbers.
Are there empty rentals in Fort Cobb, OK?
Expect elevated vacancy in Fort Cobb, OK. Rents at $846/mo are absorbed by the tenant base without meaningful lag.
What is the average monthly rent in Fort Cobb, OK?
Average rent in Fort Cobb, OK is approximately $846/mo per month. Against $111K home values that yields a reasonable rent-to-price ratio.
What is it like being a landlord in Fort Cobb, OK?
Rental owners in Fort Cobb, OK deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is it easy to find good tenants in Fort Cobb, OK?
Fort Cobb, OK draws a even-keeled base of working renters. Demand at the $846/mo rent level is reasonable for standard single-family and small multi rentals.
You know 73038 now. You don’t know where it ranks.
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