Real Estate Investing in Waurika, Oklahoma (73573)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73573 (Waurika, OK)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 21.8% 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 Waurika, OK (73573)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73573 Waurika
This part of Jefferson is not an easy win. The 73573 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 73573 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within OK, ZIP 73573 trails on several market indicators that neighboring Jefferson submarkets outperform. The gap is real and resilient enough to shape underwriting.
The 73573 ZIP's population of 2,356 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
The right play in 73573 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Waurika:
Property Strategy for 73573
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $53,732 | $960 | 12.9% | +6.1% | $26,866 |
| 3BR | $102,645 | $1,200 | 8.4% | +12.6% | $34,215 |
| 4BR | $191,108 | $1,610 | 6.1% | +10.3% | $47,777 |
Market Trends
Home Value History (with trend line)
📊 How Does 73573 Compare?
| Metric | 73573 | Waurika | Oklahoma |
|---|---|---|---|
| Home Value | $104,198 | $104,198 | $214,563 |
| 5-Year CAGR | 10.6% | 10.6% | 6.9% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 6.5% | 6.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73573 (Waurika, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $104,198 |
| Monthly Rent | $864 |
| Price-to-Rent | 10.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.0% |
| Cap Rate | 6.5% |
| 5-Year IRR | 17.1% |
📈 Home Appreciation
| 1-Year | +15.5% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +10.6% ▲ |
| 10-Year CAGR | +9.4% ▲ |
🏠 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 (6.5%). 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 73573
Population: 2,356
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 73573
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
How should investors approach Waurika, OK?
The best-fit strategy in Waurika, OK is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Waurika, OK landlord-friendly?
Waurika, OK operates under OK law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
Should investors consider Waurika, OK?
Investors tracking Waurika, OK will find a 4.0/5 rating supported by $104K median home values and $864/mo rents. That profile suits long-term holders targeting measured returns.
Does house hacking work in Waurika, OK?
House hacking in Waurika, OK is a challenging. With home values around $104K and rents at $864/mo, owner-occupants can offset a meaningful share of PITI.
Are there empty rentals in Waurika, OK?
Rental vacancy in Waurika, OK is elevated. Investors should budget normal turnover but not chronic empty units.
You know 73573 now. You don’t know where it ranks.
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