Real Estate Investing in Coleman, Oklahoma (73432)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73432 (Coleman, 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.
- High vacancy: 15.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.6 — hard to cash-flow at these prices.
• 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 Coleman, OK (73432)?
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Market Analysis: 73432 Coleman
The 73432 ZIP covers a section of Coleman that demands careful diligence. Prices near $273K look accessible, but the work to make a deal cash flow is real.
Rent of $855/mo on a $273K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 73432 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 73432 among OK's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 73432 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.
Distressed ZIPs reward experience. solid returns are possible in 73432, 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 Coleman:
Market Trends
Home Value History (with trend line)
📊 How Does 73432 Compare?
| Metric | 73432 | Coleman | Oklahoma |
|---|---|---|---|
| Home Value | $273,092 | $273,092 | $214,563 |
| 5-Year CAGR | 7.6% | 7.6% | 6.9% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 2.4% | 2.4% | - |
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 73432 (Coleman, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $273,092 |
| Monthly Rent | $855 |
| Price-to-Rent | 26.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.4% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +12.1% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (2.4%). 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 73432
Population: 940
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 73432
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 1,479 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are renters plentiful in Coleman, OK?
Coleman, OK draws a predictable base of working renters. Demand at the $855/mo rent level is reasonable for standard single-family and small multi rentals.
How strict are landlord regulations in Coleman, OK?
Rental owners in Coleman, OK deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What kind of vacancy should I budget for in Coleman, OK?
Occupancy in Coleman, OK runs consistent with elevated vacancy. Well-priced units at $855/mo lease on reasonable timelines.
What are rental rates like in Coleman, OK?
Average rent in Coleman, OK is approximately $855/mo per month. Against $273K home values that yields a reasonable rent-to-price ratio.
Is housing expensive in Coleman, OK?
Coleman, OK median home values land near $273K. That is reasonable territory for investors looking at $855/mo-per-month rentals.
You know 73432 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73432 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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