Real Estate Investing in Milburn, Oklahoma (73450)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73450 (Milburn, 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: 18.6% 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 Milburn, OK (73450)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73450 Milburn
ZIP 73450 inside Johnston looks affordable on the surface — median value of $215K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 73450 is substantial only for operators who understand what they are buying. A $215K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Milburn have seen price recovery that 73450 has not matched. Johnston data supports the view that the spread is structural rather than temporary.
A healthy renter share of 15% in 73450 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
trends 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 Milburn:
Market Trends
Home Value History (with trend line)
📊 How Does 73450 Compare?
| Metric | 73450 | Milburn | Oklahoma |
|---|---|---|---|
| Home Value | $215,414 | $215,414 | $214,563 |
| 5-Year CAGR | 8.0% | 8.0% | 6.9% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 3.1% | 3.1% | - |
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 73450 (Milburn, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $215,414 |
| Monthly Rent | $855 |
| Price-to-Rent | 21.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +11.2% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (3.1%). 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 73450
Population: 1,397
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 73450
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
What does house hacking look like in Milburn, OK?
The a challenging house-hack environment in Milburn, OK reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What kind of vacancy should I budget for in Milburn, OK?
Milburn, OK vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the renter demographic in Milburn, OK?
Milburn, OK offers a reliable renter base at the $855/mo rent level. Tenant turnover is reasonable for well-managed properties.
How much is rent in Milburn, OK?
Milburn, OK rentals go for roughly $855/mo a month. That puts gross yield in solid territory relative to $215K acquisition costs.
Are eviction rules reasonable in Milburn, OK?
Milburn, OK falls under OK landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
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