Real Estate Investing in Frederick, Oklahoma (73542)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73542 (Frederick, OK)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 33.5% 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 Frederick, OK (73542)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73542 Frederick
The 73542 ZIP in Frederick is not a pristine, turnkey story — it is a value-add map. Stock is older, prices near $52K are approachable, and upside sits in the rehab line.
Value-add is the defining thesis in 73542. Homes trade near $52K, well below the state median, and rehabbed comps tend to clear meaningfully higher — a classic forced-equity setup.
Regionally, 73542 sits on the affordable end of the Tillman County map. From an investor standpoint, the absolute numbers are modest, the spread between acquisition price and post-rehab value is wider than in turnkey ZIPs.
The resident base in 73542 runs younger and more tenure-renter than county averages. 30% of 4,167 households lease, which is the demand source for post-rehab rent lifts.
Strategic fit here is operational. Pro forma discipline, capex reserves, and lender relationships matter more than the marketing pitch.
Here's what matters if you're considering buying a home in Frederick:
Property Strategy for 73542
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $30,056 | $950 | 22.8% | +3.3% | $15,028 |
| 3BR | $73,526 | $1,320 | 12.9% | +5.8% | $24,509 |
| 4BR | $125,413 | $1,360 | 7.8% | +7.4% | $31,353 |
Market Trends
Home Value History (with trend line)
📊 How Does 73542 Compare?
| Metric | 73542 | Frederick | Oklahoma |
|---|---|---|---|
| Home Value | $51,871 | $51,871 | $214,563 |
| 5-Year CAGR | 4.2% | 4.2% | 6.9% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 12.9% | 12.9% | - |
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 73542 (Frederick, OK). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 73542 (Frederick, OK)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $51,871 |
| Monthly Rent | $855 |
| Price-to-Rent | 5.1:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 19.8% |
| Cap Rate | 12.9% |
| 5-Year IRR | 17.0% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | 0.0% ▼ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +4.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (12.9%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 73542
Population: 4,167
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 73542
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
What type of investing works in Frederick, OK?
Frederick, OK investors pursuing value-add and BRRRR deals. The underlying economics ($52K prices, $855/mo rents) make it a reasonable choice.
Does Frederick, OK meet the 1% rule for rental property?
Yes, many Frederick, OK properties clear the 1% rule. The rent-to-price ratio averages 1.65%, supported by $855/mo rents.
How does Frederick, OK stack up for property investment?
Frederick, OK rates 5.0/5 for investability. With median values at $52K and rents near $855/mo, the market offers reasonable fundamentals for rental investors.
Is BRRRR a fit for Frederick, OK?
Yes - BRRRR is a strong in Frederick, OK. The $52K home values and $855/mo rents anchor the refinance math.
What are rental rates like in Frederick, OK?
Expect rents around $855/mo per month in Frederick, OK. With home values at $52K, the yield math works out to reasonable levels for rental investors.
You know 73542 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73542 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.
AI Market Advisor
Ask questions about investing in 73542 (Frederick)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 73542 (Frederick, OK).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.