Real Estate Investing in Perry, Oklahoma (73077)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73077 (Perry, 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.
- High vacancy: 17.2% 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 Perry, OK (73077)?
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Market Analysis: 73077 Perry
Not every below-median market is a bargain. Perry's 73077 ZIP clocks in at signals that favor experienced operators who can absorb the risk $141K pricing implies.
Rent of $855/mo on a $141K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 73077 sits below the stated 0.0% once reality is priced in.
In the broader OK picture, 73077 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 73077 includes headwinds that any investor should price in. Income distribution skews lower than Perry averages, and tenant stability requires active management.
The 73077 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Perry:
Property Strategy for 73077
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $78,330 | $950 | 8.7% | +8.5% | $39,165 |
| 3BR | $163,510 | $1,280 | 5.6% | +7.7% | $54,503 |
| 4BR | $234,721 | $1,590 | 4.9% | +6.2% | $58,680 |
Market Trends
Home Value History (with trend line)
📊 How Does 73077 Compare?
| Metric | 73077 | Perry | Oklahoma |
|---|---|---|---|
| Home Value | $141,477 | $141,477 | $214,563 |
| 5-Year CAGR | 6.8% | 6.8% | 6.9% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 4.7% | 4.7% | - |
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 73077 (Perry, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $141,477 |
| Monthly Rent | $855 |
| Price-to-Rent | 13.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (4.7%). 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 73077
Population: 6,235
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 73077
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.
Frequently Asked Questions
What type of investing works in Perry, OK?
Investors usually favor careful cash-flow rentals with hands-on management in Perry, OK. With home values at $141K and rents near $855/mo, other strategies can work but produce consistent rather than outsized returns.
How do home values compare in Perry, OK?
In Perry, OK the median home value sits at $141K. Against the broader OK market, that reads as reasonable for most investors.
How much do tenants pay in Perry, OK?
Rent in Perry, OK is around $855/mo. The resulting rent-to-value relationship with $141K pricing is reasonable for most investor models.
Is Perry, OK good for house hacking?
House hacking in Perry, OK is a challenging. With home values around $141K and rents at $855/mo, owner-occupants can offset a meaningful share of PITI.
Is Perry, OK a good place for real estate investing?
Yes - Perry, OK a 3.0/5 investability score. With $141K home prices against $855/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 73077 now. You don’t know where it ranks.
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