Real Estate Investing in Wynnewood, Oklahoma (73098)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73098 (Wynnewood, 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: 20.9% 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 Wynnewood, OK (73098)?
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Market Analysis: 73098 Wynnewood
Investors eyeing 73098 need to respect the fundamentals at play. Home values of $161K come alongside slower price movement and elevated management overhead.
The 73098 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader OK picture, 73098 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 73098 includes headwinds that any investor should price in. Income distribution skews lower than Wynnewood averages, and tenant stability requires active management.
The right play in 73098 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Wynnewood:
Property Strategy for 73098
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $75,378 | $960 | 9.2% | +9.0% | $37,689 |
| 3BR | $181,806 | $1,270 | 5.0% | +8.8% | $60,602 |
| 4BR | $286,472 | $1,560 | 3.9% | +7.7% | $71,618 |
Market Trends
Home Value History (with trend line)
📊 How Does 73098 Compare?
| Metric | 73098 | Wynnewood | Oklahoma |
|---|---|---|---|
| Home Value | $160,881 | $160,881 | $214,563 |
| 5-Year CAGR | 7.2% | 7.2% | 6.9% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 4.2% | 4.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73098 (Wynnewood, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $160,881 |
| Monthly Rent | $864 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 73098
Population: 3,382
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 73098
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
How quickly do rentals get leased in Wynnewood, OK?
Vacancy risk in Wynnewood, OK is elevated. That supports reliable cash flow for typical rental holds.
How do experienced investors play Wynnewood, OK?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Wynnewood, OK. The numbers - $161K homes against $864/mo rents - support that play.
What is the typical rental rate in Wynnewood, OK?
The typical rental in Wynnewood, OK commands about $864/mo monthly. That rent profile predictable cash flow against the $161K purchase basis.
Are tenants stable in Wynnewood, OK?
Wynnewood, OK draws a stable base of working renters. Demand at the $864/mo rent level is reasonable for standard single-family and small multi rentals.
Is Wynnewood, OK a good market for buy-and-hold investors?
Investors tracking Wynnewood, OK will find a 3.0/5 rating supported by $161K median home values and $864/mo rents. That profile suits long-term holders targeting measured returns.
You know 73098 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73098 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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