Real Estate Investing in Wapanucka, Oklahoma (73461)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73461 (Wapanucka, 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: 28.0% of homes vacant — above national norms.
• 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 Wapanucka, OK (73461)?
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Market Analysis: 73461 Wapanucka
ZIP 73461 inside Johnston County looks affordable on the surface — median value of $184K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 73461 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within OK, ZIP 73461 trails on several market indicators that neighboring Johnston County submarkets outperform. The gap is real and healthy enough to shape underwriting.
The 73461 ZIP's population of 662 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
seems to 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 Wapanucka:
Market Trends
Home Value History (with trend line)
📊 How Does 73461 Compare?
| Metric | 73461 | Wapanucka | Oklahoma |
|---|---|---|---|
| Home Value | $183,613 | $183,613 | $214,563 |
| 5-Year CAGR | 7.9% | 7.9% | 6.9% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 3.6% | 3.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73461 (Wapanucka, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $183,613 |
| Monthly Rent | $846 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +14.9% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 73461
Population: 662
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 73461
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
Is OK a landlord-friendly state?
The landlord environment in Wapanucka, OK is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What kind of tenants rent in Wapanucka, OK?
Tenant quality in Wapanucka, OK ranks as solid. Landlords generally report stable occupancy at market rents of $846/mo.
What strategy should investors use in Wapanucka, OK?
Investors usually favor careful cash-flow rentals with hands-on management in Wapanucka, OK. With home values at $184K and rents near $846/mo, other strategies can work but produce stable rather than outsized returns.
Can I live-in-and-rent in Wapanucka, OK?
The house hack math a challenging in Wapanucka, OK. Owner-occupant buyers benefit from the $846/mo rents and $184K home values.
Is Wapanucka, OK a smart market for rental property?
With a 3.0/5 investability score, Wapanucka, OK ranks as a solid market for rental property investors. Median prices of $184K and rents of $846/mo drive the underlying numbers.
You know 73461 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73461 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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