Real Estate Investing in Canton, Oklahoma (73724)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73724 (Canton, OK)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 41.7% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.0% CAGR).
• 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 Canton, OK (73724)?
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Market Analysis: 73724 Canton
Not every below-median market is a bargain. Canton's 73724 ZIP records signals that favor experienced operators who can absorb the risk $105K pricing implies.
In practical terms, the numbers look inviting — $105K purchase price, 0.0% nominal cap — the work to hit that pro forma in 73724 is substantial and deserves full respect.
ZIP 73724's metrics run below Dewey County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
From a cash-flow lens, 746 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.
The 73724 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Canton:
Property Strategy for 73724
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $50,925 | $940 | 13.3% | -3.3% | $25,463 |
| 3BR | $128,229 | $1,130 | 6.3% | +2.8% | $42,743 |
Market Trends
Home Value History (with trend line)
📊 How Does 73724 Compare?
| Metric | 73724 | Canton | Oklahoma |
|---|---|---|---|
| Home Value | $105,271 | $105,271 | $214,563 |
| 5-Year CAGR | 1.0% | 1.0% | 6.9% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 6.3% | 6.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73724 (Canton, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $105,271 |
| Monthly Rent | $846 |
| Price-to-Rent | 10.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.6% |
| Cap Rate | 6.3% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +1.0% ▲ |
| 10-Year CAGR | +4.0% ▲ |
🏠 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 (6.3%). 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 73724
Population: 746
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 73724
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 tenant demand in Canton, OK?
Canton, OK draws a predictable base of working renters. Demand at the $846/mo rent level is reasonable for standard single-family and small multi rentals.
Does a duplex house hack pencil in Canton, OK?
The a challenging house-hack environment in Canton, OK reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the average home sale price in Canton, OK?
Expect median prices around $105K in Canton, OK. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
Where do rents currently stand in Canton, OK?
The typical rental in Canton, OK commands about $846/mo monthly. That rent profile even-keeled cash flow against the $105K purchase basis.
Does Canton, OK make sense for an investment property?
The 3.0/5 investability rating in Canton, OK reflects its $105K prices and $846/mo rents. Investors generally consider it a solid option within OK.
You know 73724 now. You don’t know where it ranks.
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