Real Estate Investing in Union City, Oklahoma (73090)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73090 (Union City, OK)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 24.3% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Union City, OK (73090)?
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Market Analysis: 73090 Union City
This part of Canadian County is not an easy win. The 73090 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
From a cash-flow lens, the numbers look inviting — $220K purchase price, 0.0% nominal cap — the work to hit that pro forma in 73090 is substantial and deserves full respect.
Statewide comparisons place 73090 among OK's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 73090 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 Union City's stable or hybrid ZIPs before stepping into 73090. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Union City:
Market Trends
Home Value History (with trend line)
📊 How Does 73090 Compare?
| Metric | 73090 | Union City | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $219,575 | $219,575 | N/A | $214,563 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 6.9% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 73090 (Union City, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $219,575 |
| Monthly Rent | $927 |
| Price-to-Rent | 19.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +14.1% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (3.3%). 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 73090
Population: 820
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 73090
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 1,657 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the rental occupancy rate in Union City, OK?
Occupancy in Union City, OK runs steady with elevated vacancy. Well-priced units at $927/mo lease on reasonable timelines.
Does Union City, OK favor landlords or tenants?
Union City, OK operates under OK law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
How much is rent in Union City, OK?
Rents in Union City, OK run near $927/mo. Compared with median home prices of $220K that produces solid gross yields for typical rentals.
Is house hacking profitable in Union City, OK?
House hacking in Union City, OK is reasonable to execute. Prices around $220K and rents of $927/mo solid owner-occupant economics.
What is the best play in Union City, OK?
For Union City, OK, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 73090 now. You don’t know where it ranks.
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How 73090 ranks in Oklahoma City, OK
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