Real Estate Investing in Erick, Oklahoma (73645)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73645 (Erick, 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 balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
- High vacancy: 38.0% of homes vacant — above national norms.
- Elevated poverty: 22.1% poverty rate — can affect rent collection.
- Lower household income: $34,926 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Erick, OK (73645)?
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Market Analysis: 73645 Erick
ZIP 73645 inside Erick, OK leans into a value-add thesis. Home values near $87K sit below the state median, and rents of $873/mo leave room for forced-equity plays.
BRRRR works in 73645 because the math supports it. Buy at $87K, rehab, and the refinance step typically recovers capital in a way that flat-yield markets cannot match.
Regionally, 73645 sits on the affordable end of the Beckham County map. From a cash-flow lens, the absolute numbers are modest, the spread between acquisition price and post-rehab value is wider than in turnkey ZIPs.
Household income in 73645 supports the rent-lift thesis. 1,090 residents, deep working-age cohort, and the kind of tenant profile that responds to upgraded stock.
Value-add plays pencil in 73645 when three things line up: a sub-median purchase, a realistic rehab budget, and a post-rehab rent comp that stands up. All three are present in this ZIP.
Here's what matters if you're considering buying a home in Erick:
Market Trends
Home Value History (with trend line)
📊 How Does 73645 Compare?
| Metric | 73645 | Erick | Elk City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $86,791 | $86,791 | N/A | $214,563 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 6.9% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 7.9% | 7.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73645 (Erick, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $86,791 |
| Monthly Rent | $873 |
| Price-to-Rent | 8.3:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 12.1% |
| Cap Rate | 7.9% |
| 5-Year IRR | 14.1% |
📈 Home Appreciation
| 1-Year | +9.5% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | -2.0% ▼ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (7.9%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 73645
Population: 1,090
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 73645
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
Can owner-occupants cash flow in Erick, OK?
The house hack math an attractive in Erick, OK. Owner-occupant buyers benefit from the $873/mo rents and $87K home values.
How close is Erick, OK to meeting the 1% rule?
The 1% rule in Erick, OK is reasonable to achieve. Rent-to-price at the median ($873/mo on $87K) lands around 1.01%.
Does the BRRRR strategy work in Erick, OK?
Erick, OK BRRRR deals are a strong. With proper buy-side discipline, operators can recycle most of their capital post-refinance.
Should investors consider Erick, OK?
Yes - Erick, OK a 4.0/5 investability score. With $87K home prices against $873/mo monthly rent, the market delivers a reasonable entry point for new investors.
How should investors approach Erick, OK?
A value-add and BRRRR deals strategy Erick, OK best. The market produces reliable results for that approach at the $87K price point.
You know 73645 now. You don’t know where it ranks.
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