Real Estate Investing in Gracemont, Oklahoma (73042)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73042 (Gracemont, 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.
- High vacancy: 26.2% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Gracemont, OK (73042)?
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Market Analysis: 73042 Gracemont
ZIP 73042 inside Caddo County looks affordable on the surface — median value of $125K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $125K asset, 73042 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader OK picture, 73042 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A resilient renter share of 28% in 73042 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Gracemont:
Market Trends
Home Value History (with trend line)
📊 How Does 73042 Compare?
| Metric | 73042 | Gracemont | Oklahoma |
|---|---|---|---|
| Home Value | $125,035 | $125,035 | $214,563 |
| 5-Year CAGR | 1.7% | 1.7% | 6.9% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 5.3% | 5.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73042 (Gracemont, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $125,035 |
| Monthly Rent | $846 |
| Price-to-Rent | 12.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.1% |
| Cap Rate | 5.3% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +1.7% ▲ |
| 10-Year CAGR | +0.2% ▲ |
🏠 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 (5.3%). 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 73042
Population: 1,071
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 73042
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
How does Gracemont, OK rate as a rental market?
Yes - Gracemont, OK a 3.0/5 investability score. With $125K home prices against $846/mo monthly rent, the market delivers a reasonable entry point for new investors.
What monthly rent should investors expect in Gracemont, OK?
Rent in Gracemont, OK is around $846/mo. The resulting rent-to-value relationship with $125K pricing is reasonable for most investor models.
How expensive is real estate in Gracemont, OK?
Typical homes in Gracemont, OK go for around $125K. The 5-year CAGR of 0.0% predictable price movement.
Which investment style suits Gracemont, OK?
For Gracemont, OK, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How tight is the rental market in Gracemont, OK?
Occupancy in Gracemont, OK runs stable with elevated vacancy. Well-priced units at $846/mo lease on reasonable timelines.
You know 73042 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73042 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.
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