Real Estate Investing in Hammon, Oklahoma (73650)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73650 (Hammon, OK)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.5% 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 Hammon, OK (73650)?
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Market Analysis: 73650 Hammon
Investors eyeing 73650 need to respect the fundamentals at play. Home values of $225K come alongside slower price movement and elevated management overhead.
Rent of $846/mo on a $225K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 73650 sits below the stated 0.0% once reality is priced in.
On balance, 73650 offers a low basis, the region around Hammon has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 73650 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 73650 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 Hammon:
Market Trends
Home Value History (with trend line)
📊 How Does 73650 Compare?
| Metric | 73650 | Hammon | Weatherford, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $224,627 | $224,627 | N/A | $214,563 |
| 5-Year CAGR | 2.7% | 2.7% | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73650 (Hammon, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $224,627 |
| Monthly Rent | $846 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +1.6% ▲ |
🏠 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 (2.9%). 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 73650
Population: 983
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 73650
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
Are renters plentiful in Hammon, OK?
Hammon, 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.
Is Hammon in OK worth investing in?
Our data puts Hammon, OK at 3.0/5 for investability. Home prices of $225K and rents around $846/mo create a solid backdrop for investor activity.
How much should I expect to pay for a home in Hammon, OK?
Expect median prices around $225K in Hammon, OK. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
Is house hacking profitable in Hammon, OK?
House hacking in Hammon, OK is reasonable to execute. Prices around $225K and rents of $846/mo solid owner-occupant economics.
Is rental property easy to operate in Hammon, OK?
The landlord environment in Hammon, OK is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 73650 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73650 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 73650 ranks in Weatherford, OK
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