Real Estate Investing in Hydro, Oklahoma (73048)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73048 (Hydro, 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: 17.6% 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 Hydro, OK (73048)?
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Market Analysis: 73048 Hydro
Investors eyeing 73048 need to respect the fundamentals at play. Home values of $166K come alongside slower price movement and elevated management overhead.
The investment case in 73048 is durable only for operators who understand what they are buying. A $166K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 73048 and stronger Hydro ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 73048 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Hydro's stable or hybrid ZIPs before stepping into 73048. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Hydro:
Property Strategy for 73048
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $96,705 | $1,000 | 7.4% | — | $48,353 |
| 3BR | $190,123 | $1,240 | 4.7% | +4.5% | $63,374 |
Market Trends
Home Value History (with trend line)
📊 How Does 73048 Compare?
| Metric | 73048 | Hydro | Oklahoma |
|---|---|---|---|
| Home Value | $166,235 | $166,235 | $214,563 |
| 5-Year CAGR | 1.6% | 1.6% | 6.9% |
| Avg Rent | $900 | $900 | - |
| Cap Rate | 4.2% | 4.2% | - |
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 73048 (Hydro, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $166,235 |
| Monthly Rent | $900 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +1.6% ▲ |
| 10-Year CAGR | +2.2% ▲ |
🏠 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 (4.2%). 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 73048
Population: 2,260
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 73048
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 1,804 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does house hacking make sense in Hydro, OK?
House hacking works a challenging in Hydro, OK. Rents of $900/mo against $166K acquisition make the strategy solid for owner-occupants.
Are renters plentiful in Hydro, OK?
Working renters make up the core of the Hydro, OK tenant base. The pool is reasonable for investors targeting long-term holds.
Do rentals sit vacant long in Hydro, OK?
Rental vacancy in Hydro, OK is elevated. Investors should budget normal turnover but not chronic empty units.
Are rents high in Hydro, OK?
Hydro, OK rentals go for roughly $900/mo a month. That puts gross yield in solid territory relative to $166K acquisition costs.
How landlord-friendly is Hydro, OK?
Landlord-friendliness in Hydro, OK is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 73048 now. You don’t know where it ranks.
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