Real Estate Investing in Cordell, Oklahoma (73632)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73632 (Cordell, OK)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 25.0% 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 Cordell, OK (73632)?
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Market Analysis: 73632 Cordell
The 73632 ZIP in Cordell, OK is a local-operator market. Outside capital chasing a $100K entry has to pair deep knowledge with the discount.
From an investor standpoint, the numbers look inviting — $100K purchase price, 0.0% nominal cap — the work to hit that pro forma in 73632 is substantial and deserves full respect.
Regionally, 73632 sits on the difficult end of the OK spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 73632 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 73632 is an operator game, not a passive one. On the rental side, entry prices of $100K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Cordell:
Property Strategy for 73632
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $50,079 | $960 | 13.8% | +5.7% | $25,039 |
| 3BR | $123,651 | $1,250 | 7.3% | +7.8% | $41,217 |
| 4BR | $180,486 | $1,470 | 5.9% | +6.5% | $45,121 |
Market Trends
Home Value History (with trend line)
📊 How Does 73632 Compare?
| Metric | 73632 | Cordell | Oklahoma |
|---|---|---|---|
| Home Value | $99,665 | $99,665 | $214,563 |
| 5-Year CAGR | 5.3% | 5.3% | 6.9% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 6.8% | 6.8% | - |
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 73632 (Cordell, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $99,665 |
| Monthly Rent | $864 |
| Price-to-Rent | 9.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.4% |
| Cap Rate | 6.8% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (6.8%). 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 73632
Population: 3,041
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 73632
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 strong is the working-renter base in Cordell, OK?
The renter base in Cordell, OK is reasonable for the $864/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
How does Cordell, OK stack up for property investment?
Cordell, OK shows an investability rating of 3.0/5, with median home values near $100K and average rents around $864/mo. That combination puts it in the impressive tier for investor interest.
What price range are homes in Cordell, OK?
Median home price in Cordell, OK is near $100K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
Can I house hack in Cordell, OK?
Cordell, OK is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $100K price point reasonable to enter.
How do landlord-tenant laws work in Cordell, OK?
OK ranks as a landlord-friendly state for landlord-tenant law. Cordell generally follows the statewide framework, so landlords face reasonable operating rules.
You know 73632 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73632 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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