Real Estate Investing in Elmore City, Oklahoma (73433)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73433 (Elmore 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: 19.2% 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 Elmore City, OK (73433)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73433 Elmore City
On the rental side, ZIP 73433 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $192K median. It rewards specialists, not generalists.
Rent of $882/mo on a $192K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 73433 sits below the stated 0.0% once reality is priced in.
ZIP 73433's metrics run below Garvin's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 73433 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
tilts toward 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 Elmore City:
Property Strategy for 73433
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $86,670 | $980 | 8.1% | +8.2% | $43,335 |
| 3BR | $197,917 | $1,310 | 4.8% | +9.7% | $65,972 |
Market Trends
Home Value History (with trend line)
📊 How Does 73433 Compare?
| Metric | 73433 | Elmore City | Oklahoma |
|---|---|---|---|
| Home Value | $191,661 | $191,661 | $214,563 |
| 5-Year CAGR | 7.6% | 7.6% | 6.9% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 3.6% | 3.6% | - |
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 73433 (Elmore City, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $191,661 |
| Monthly Rent | $882 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +13.2% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +9.3% ▲ |
🏠 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 (3.6%). 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 73433
Population: 2,647
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 73433
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 Elmore City, OK?
Vacancy risk in Elmore City, OK is elevated. That supports measured cash flow for typical rental holds.
Is rental property easy to operate in Elmore City, OK?
Landlord-friendliness in Elmore City, OK is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the median home value in Elmore City, OK?
Typical homes in Elmore City, OK go for around $192K. The 5-year CAGR of 0.0% reliable price movement.
What monthly rent should investors expect in Elmore City, OK?
Average rent in Elmore City, OK is approximately $882/mo per month. Against $192K home values that yields a reasonable rent-to-price ratio.
How qualified is the tenant pool in Elmore City, OK?
Expect a solid tenant pool in Elmore City, OK. The rental market absorbs $882/mo rents without meaningful friction.
You know 73433 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73433 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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Community Ratings
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