Real Estate Investing in Randlett, Oklahoma (73562)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73562 (Randlett, 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.
• 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 Randlett, OK (73562)?
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Market Analysis: 73562 Randlett
This part of Cotton County is not an easy win. The 73562 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 73562 is durable only for operators who understand what they are buying. A $153K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader OK picture, 73562 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 73562 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Randlett's stable or hybrid ZIPs before stepping into 73562. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Randlett:
Market Trends
Home Value History (with trend line)
📊 How Does 73562 Compare?
| Metric | 73562 | Randlett | Lawton, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $153,432 | $153,432 | N/A | $214,563 |
| 5-Year CAGR | 4.1% | 4.1% | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73562 (Randlett, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $153,432 |
| Monthly Rent | $846 |
| Price-to-Rent | 15.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | -1.9% ▼ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 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 (4.3%). 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 73562
Population: 605
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 73562
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 price range are homes in Randlett, OK?
The median home value in Randlett, OK is roughly $153K. That puts it reasonable relative to the OK statewide average.
Are eviction rules reasonable in Randlett, OK?
Randlett, OK falls under OK landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is vacancy a concern in Randlett, OK?
Expect elevated vacancy in Randlett, OK. Rents at $846/mo are absorbed by the tenant base without meaningful lag.
What do landlords charge for rent in Randlett, OK?
Rent in Randlett, OK is around $846/mo. The resulting rent-to-value relationship with $153K pricing is reasonable for most investor models.
Are renters plentiful in Randlett, OK?
Randlett, OK draws a even-keeled base of working renters. Demand at the $846/mo rent level is reasonable for standard single-family and small multi rentals.
You know 73562 now. You don’t know where it ranks.
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How 73562 ranks in Lawton, OK
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