Real Estate Investing in Arapaho, Oklahoma (73620)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73620 (Arapaho, 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.
- High vacancy: 16.2% 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 Arapaho, OK (73620)?
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Market Analysis: 73620 Arapaho
ZIP 73620 in Arapaho, OK carries a substantial set of headwinds. Home values near $153K and rents of $900/mo sit inside a market where underwriting has to be tight.
From a cash-flow lens, the numbers look inviting — $153K purchase price, 0.0% nominal cap — the work to hit that pro forma in 73620 is substantial and deserves full respect.
ZIP 73620's metrics run below Custer County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Looking more closely, 1,531 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. robust returns are possible in 73620, 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 Arapaho:
Market Trends
Home Value History (with trend line)
📊 How Does 73620 Compare?
| Metric | 73620 | Arapaho | Weatherford, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $153,076 | $153,076 | N/A | $214,563 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 6.9% |
| Avg Rent | $900 | $900 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73620 (Arapaho, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $153,076 |
| Monthly Rent | $900 |
| Price-to-Rent | 14.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 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 (4.6%). 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 73620
Population: 1,531
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 73620
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
Does Arapaho, OK make sense for an investment property?
The 3.0/5 investability rating in Arapaho, OK reflects its $153K prices and $900/mo rents. Investors generally consider it a solid option within OK.
Which investment style suits Arapaho, OK?
Investors usually favor careful cash-flow rentals with hands-on management in Arapaho, OK. With home values at $153K and rents near $900/mo, other strategies can work but produce even-keeled rather than outsized returns.
What is the typical home price in Arapaho, OK?
In Arapaho, OK the median home value sits at $153K. Against the broader OK market, that reads as reasonable for most investors.
What is it like being a landlord in Arapaho, OK?
OK ranks as a landlord-friendly state for landlord-tenant law. Arapaho generally follows the statewide framework, so landlords face reasonable operating rules.
What monthly rent should investors expect in Arapaho, OK?
Rental rates in Arapaho, OK average $900/mo. Tenant demand and $153K home values make the yield look reasonable by investor standards.
You know 73620 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73620 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.
How 73620 ranks in Weatherford, OK
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