Real Estate Investing in Olustee, Oklahoma (73560)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73560 (Olustee, OK)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 22.1% 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 Olustee, OK (73560)?
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Market Analysis: 73560 Olustee
Investors eyeing 73560 need to respect the fundamentals at play. Home values of $104K come alongside slower price movement and elevated management overhead.
Rent of $846/mo on a $104K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 73560 sits below the stated 0.0% once reality is priced in.
The gap between 73560 and stronger Olustee ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 73560 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. durable returns are possible in 73560, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Olustee:
Market Trends
Home Value History (with trend line)
📊 How Does 73560 Compare?
| Metric | 73560 | Olustee | Altus, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $103,606 | $85,423 | N/A | $214,563 |
| 5-Year CAGR | 3.9% | 2.4% | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 6.4% | 8.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73560 (Olustee, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $103,606 |
| Monthly Rent | $846 |
| Price-to-Rent | 10.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.8% |
| Cap Rate | 6.4% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | -0.1% ▼ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +3.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.4%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 73560
Population: 738
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 73560
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 751 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much rent can I charge in Olustee, OK?
Average rent in Olustee, OK is approximately $846/mo per month. Against $104K home values that yields a reasonable rent-to-price ratio.
What is the typical renter like in Olustee, OK?
Tenant demand in Olustee, OK is solid. The local workforce $846/mo rents across most rental classes.
What are home prices like in Olustee, OK?
Homes in Olustee, OK typically sell near $104K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
How should investors approach Olustee, OK?
Investors usually favor careful cash-flow rentals with hands-on management in Olustee, OK. With home values at $104K and rents near $846/mo, other strategies can work but produce even-keeled rather than outsized returns.
Is OK a landlord-friendly state?
OK law landlord-friendly for landlords, and Olustee inherits those rules. Investors should still review local ordinances for rental licensing.
You know 73560 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73560 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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