Real Estate Investing in Devol, Oklahoma (73531)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73531 (Devol, 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.
- Elevated vacancy: 8.1% vacancy may signal weakening demand.
• 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 Devol, OK (73531)?
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Market Analysis: 73531 Devol
ZIP 73531 in Devol, OK carries a resilient set of headwinds. Home values near $194K and rents of $846/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 73531 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Devol have seen price recovery that 73531 has not matched. Cotton County data supports the view that the spread is structural rather than temporary.
A robust renter share of 11% in 73531 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 73531 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Devol:
Market Trends
Home Value History (with trend line)
📊 How Does 73531 Compare?
| Metric | 73531 | Devol | Lawton, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $193,758 | $193,758 | N/A | $214,563 |
| 5-Year CAGR | 3.7% | 3.7% | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73531 (Devol, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $193,758 |
| Monthly Rent | $846 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | -1.2% ▼ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +3.3% ▲ |
🏠 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 (3.4%). 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 73531
Population: 372
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
Frequently Asked Questions
Are homes affordable in Devol, OK?
Devol, OK home values average about $194K. That price point suits investors targeting rentals with $846/mo in monthly income.
What monthly rent should investors expect in Devol, OK?
Average rent in Devol, OK is approximately $846/mo per month. Against $194K home values that yields a reasonable rent-to-price ratio.
Which real estate strategy fits Devol, OK?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Devol, OK. The numbers - $194K homes against $846/mo rents - support that play.
Is OK a landlord-friendly state?
Landlord-friendliness in Devol, OK is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is Devol, OK suited for a house hack?
The a challenging house-hack environment in Devol, OK reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 73531 now. You don’t know where it ranks.
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How 73531 ranks in Lawton, OK
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