Real Estate Investing in Enid, Oklahoma (73701)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73701 (Enid, OK)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.2% of homes vacant — above national norms.
What’s happening in Enid, OK (73701)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73701 Enid
ZIP 73701 offers what many appreciation markets cannot: an affordable basis at $80K and rent support of $825/mo for rehab-driven equity creation in Garfield County.
Investors in 73701 do not buy the market average — they buy the unit they can improve. $80K median pricing and $825/mo comps define the envelope within which the work has to pay.
Across Enid, pockets like 73701 represent the last affordable rungs of a rising ladder. The state-level data shows those rungs thinning.
The 73701 ZIP's demographic trend has been one of stability with upside — population of 25,313, steady renter share, and an incoming cohort that is willing to pay for improved units.
ZIP 73701 fits investors who can swing a hammer — or pay someone to swing one well. BRRRR, fix-and-flip, and fix-and-hold all work when the rehab scope is matched to the rent lift.
Here's what matters if you're considering buying a home in Enid:
Property Strategy for 73701
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $36,045 | $730 | 14.6% | +0.8% | $36,045 |
| 2BR | $54,495 | $940 | 12.4% | +4.8% | $27,247 |
| 3BR | $102,739 | $1,220 | 8.5% | +3.9% | $34,246 |
| 4BR | $155,092 | $1,240 | 5.8% | +2.7% | $38,773 |
| 5BR | $172,616 | — | — | +3.3% | $34,523 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73701 Compare?
| Metric | 73701 | Enid | Enid, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $79,929 | $68,658 | N/A | $214,563 |
| 5-Year CAGR | 3.4% | 3.9% | N/A | 6.9% |
| Avg Rent | $825 | $1,111 | N/A | - |
| Cap Rate | 8.1% | 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 73701 (Enid, OK). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 73701 (Enid, OK)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $79,929 |
| Monthly Rent | $825 |
| Price-to-Rent | 8.1:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 12.4% |
| Cap Rate | 8.1% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +2.2% ▲ |
🏠 Rent Trends
| 1-Year | -18.4% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.1%) 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 73701
Population: 25,313
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 73701
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Can I live-in-and-rent in Enid, OK?
Enid, OK is a an attractive market for house hackers. FHA or conventional owner-occupant buyers find the $80K price point reasonable to enter.
What investment strategy works best in Enid, OK?
A value-add and BRRRR deals strategy Enid, OK best. The market produces even-keeled results for that approach at the $80K price point.
How does Enid, OK stack up for property investment?
With a 5.0/5 investability score, Enid, OK ranks as a solid market for rental property investors. Median prices of $80K and rents of $825/mo drive the underlying numbers.
What is the average home sale price in Enid, OK?
Enid, OK home values average about $80K. That price point suits investors targeting rentals with $825/mo in monthly income.
Is Enid, OK a 1% rule market?
The median property in Enid, OK ($80K at $825/mo rent) a 1.03% rent-to-price figure. Pure 1% deals require disciplined offer pricing.
You know 73701 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73701 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 73701 ranks in Enid, OK
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 73701 (Enid)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 73701 (Enid, OK).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.