Real Estate Investing in Waukomis, Oklahoma (73773)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73773 (Waukomis, 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.
- Elevated vacancy: 10.3% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Waukomis, OK (73773)?
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Market Analysis: 73773 Waukomis
ZIP 73773 in Waukomis, OK carries a sturdy set of headwinds. Home values near $143K and rents of $999/mo sit inside a market where underwriting has to be tight.
The investment case in 73773 is significant only for operators who understand what they are buying. A $143K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 73773 and stronger Waukomis ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 73773 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 73773 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Waukomis:
Market Trends
Home Value History (with trend line)
📊 How Does 73773 Compare?
| Metric | 73773 | Waukomis | Enid, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $143,499 | $143,499 | N/A | $214,563 |
| 5-Year CAGR | 2.2% | 2.2% | N/A | 6.9% |
| Avg Rent | $999 | $999 | N/A | - |
| Cap Rate | 5.4% | 5.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73773 (Waukomis, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $143,499 |
| Monthly Rent | $999 |
| Price-to-Rent | 12.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.4% |
| Cap Rate | 5.4% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +2.2% ▲ |
| 10-Year CAGR | +3.1% ▲ |
🏠 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 (5.4%). 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 73773
Population: 1,537
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 73773
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
Where do home prices stand in Waukomis, OK?
In Waukomis, OK the median home value sits at $143K. Against the broader OK market, that reads as reasonable for most investors.
What is it like being a landlord in Waukomis, OK?
Rental owners in Waukomis, OK deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is it easy to find good tenants in Waukomis, OK?
Working renters make up the core of the Waukomis, OK tenant base. The pool is reasonable for investors targeting long-term holds.
Is Waukomis, OK better for rentals, flips, or BRRRR?
A careful cash-flow rentals with hands-on management strategy Waukomis, OK best. The market produces reliable results for that approach at the $143K price point.
Can I house hack in Waukomis, OK?
For house hackers, Waukomis, OK is a challenging. The $999/mo rent on a unit helps defray the mortgage on a $143K property.
You know 73773 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73773 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 73773 ranks in Enid, OK
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