Real Estate Investing in Leedey, Oklahoma (73654)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73654 (Leedey, OK)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 26.6% 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 Leedey, OK (73654)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73654 Leedey
From a cash-flow lens, ZIP 73654 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $158K median. It rewards specialists, not generalists.
The investment case in 73654 is solid only for operators who understand what they are buying. A $158K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 73654 sits on the difficult end of the OK spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 73654 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Leedey:
Market Trends
Home Value History (with trend line)
📊 How Does 73654 Compare?
| Metric | 73654 | Leedey | Woodward, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $157,582 | $157,582 | N/A | $214,563 |
| 5-Year CAGR | 1.9% | 1.9% | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
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 73654 (Leedey, OK). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 73654 (Leedey, OK)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $157,582 |
| Monthly Rent | $846 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 6.1% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +1.9% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (4.2%). 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 73654
Population: 749
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 73654
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 Leedey, OK?
Working renters make up the core of the Leedey, OK tenant base. The pool is reasonable for investors targeting long-term holds.
Is OK a landlord-friendly state?
The landlord environment in Leedey, OK is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Does house hacking make sense in Leedey, OK?
House hacking in Leedey, OK is reasonable to execute. Prices around $158K and rents of $846/mo solid owner-occupant economics.
How much is rent in Leedey, OK?
Leedey, OK rentals go for roughly $846/mo a month. That puts gross yield in solid territory relative to $158K acquisition costs.
How much does a house cost in Leedey, OK?
In Leedey, OK the median home value sits at $158K. Against the broader OK market, that reads as reasonable for most investors.
You know 73654 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73654 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 73654 ranks in Woodward, OK
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 73654 (Leedey)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 73654 (Leedey, OK).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.