Real Estate Investing in Jones, Oklahoma (73049)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73049 (Jones, OK)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.2% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 32.9 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Jones, OK (73049)?
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Market Analysis: 73049 Jones
This part of Oklahoma County is not an easy win. The 73049 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $954/mo on a $377K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 73049 sits below the stated 0.0% once reality is priced in.
In the broader OK picture, 73049 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 73049 ZIP's population of 7,123 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Distressed ZIPs reward experience. solid returns are possible in 73049, 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 Jones:
Property Strategy for 73049
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $142,028 | $1,060 | 5.4% | +7.0% | $71,014 |
| 3BR | $286,067 | $1,430 | 3.6% | +7.3% | $95,356 |
| 4BR | $554,402 | $1,580 | 2.1% | +6.6% | $138,600 |
Market Trends
Home Value History (with trend line)
📊 How Does 73049 Compare?
| Metric | 73049 | Jones | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $376,506 | $376,506 | N/A | $214,563 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 6.9% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 2.0% | 2.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73049 (Jones, OK). Anonymous, moderated, never written by AI.
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Property managers serving Oklahoma County
Manage rentals here? List your business →All County Heartland is a full-service residential property management company in Edmond, OK, focused on maximizing rental property revenue and maintaining investments. summary from their website
C-Star Management is a leader in property management, offering services for apartments, houses, and duplexes. summary from their website
Substancia Property Management offers single-family, multi-family, commercial, and HOA property management services in the Oklahoma City Metro and surrounding areas. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $376,506 |
| Monthly Rent | $954 |
| Price-to-Rent | 32.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 2.0% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (2.0%). 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 73049
Population: 7,123
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 73049
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 5,706 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Jones, OK a smart market for rental property?
Jones, OK comes in at an investability rating of 3.0/5, with median home values near $377K and average rents around $954/mo. That combination puts it in the healthy tier for investor interest.
What is the median home value in Jones, OK?
Jones, OK home values average about $377K. That price point suits investors targeting rentals with $954/mo in monthly income.
How much do tenants pay in Jones, OK?
Investors in Jones, OK typically see rents near $954/mo per month against $377K home values - a solid setup for rental cash flow.
Do landlords face vacancy issues in Jones, OK?
Occupancy in Jones, OK runs measured with elevated vacancy. Well-priced units at $954/mo lease on reasonable timelines.
What type of investing works in Jones, OK?
Most investors in Jones, OK run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 73049 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73049 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 73049 ranks in Oklahoma City, OK
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