Real Estate Investing in Warr Acres, Oklahoma (73122)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73122 (Warr Acres, 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: 14.4% of homes vacant — above national norms.
- Elevated poverty: 21.2% poverty rate — can affect rent collection.
What’s happening in Warr Acres, OK (73122)?
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Market Analysis: 73122 Warr Acres
The 73122 ZIP covers a section of Warr Acres that demands careful diligence. Prices near $190K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 73122 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 73122 sits on the difficult end of the OK spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Put differently, 12,689 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Warr Acres:
Property Strategy for 73122
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $132,890 | $1,110 | 6.0% | +5.9% | $66,445 |
| 3BR | $188,434 | $1,490 | 5.7% | +6.5% | $62,811 |
| 4BR | $234,781 | $1,660 | 5.1% | +5.8% | $58,695 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73122 Compare?
| Metric | 73122 | Warr Acres | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $189,511 | $189,511 | N/A | $214,563 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 6.9% |
| Avg Rent | $1,036 | $1,036 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
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 73122 (Warr Acres, 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 | $189,511 |
| Monthly Rent | $1,036 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | -8.7% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). 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 73122
Population: 12,689
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 73122
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
MONROE ES
LAKE PARK ES
BELLE ISLE MS
KAISER ES
APOLLO ES
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 4,489 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are rents high in Warr Acres, OK?
Warr Acres, OK rentals go for roughly $1,036/mo a month. That puts gross yield in solid territory relative to $190K acquisition costs.
How strong is the working-renter base in Warr Acres, OK?
Tenant demand in Warr Acres, OK is solid. The local workforce $1,036/mo rents across most rental classes.
How quickly do rentals get leased in Warr Acres, OK?
Vacancy risk in Warr Acres, OK is elevated. That supports even-keeled cash flow for typical rental holds.
Does Warr Acres, OK favor landlords or tenants?
Warr Acres, OK operates under OK law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
Is housing expensive in Warr Acres, OK?
Warr Acres, OK home values average about $190K. That price point suits investors targeting rentals with $1,036/mo in monthly income.
You know 73122 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73122 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 73122 ranks in Oklahoma City, OK
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