Real Estate Investing in Ames, Oklahoma (73718)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73718 (Ames, OK)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.4% 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 Ames, OK (73718)?
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Market Analysis: 73718 Ames
ZIP 73718 inside Major County looks affordable on the surface — median value of $175K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 73718 is durable only for operators who understand what they are buying. A $175K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 73718 and stronger Ames ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 73718 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.
Experienced landlords with local relationships tend to find 73718 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 Ames:
Market Trends
Home Value History (with trend line)
📊 How Does 73718 Compare?
| Metric | 73718 | Ames | Enid, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $174,553 | $174,553 | N/A | $214,563 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 6.9% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73718 (Ames, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $174,553 |
| Monthly Rent | $936 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +12.5% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +4.3% ▲ |
🏠 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 73718
Population: 449
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
Frequently Asked Questions
What price range are homes in Ames, OK?
The median home value in Ames, OK is roughly $175K. That puts it reasonable relative to the OK statewide average.
Are there empty rentals in Ames, OK?
Vacancy in Ames, OK is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $936/mo.
Is Ames, OK landlord-friendly?
OK ranks as a landlord-friendly state for landlord-tenant law. Ames generally follows the statewide framework, so landlords face reasonable operating rules.
What type of investing works in Ames, OK?
Investors usually favor careful cash-flow rentals with hands-on management in Ames, OK. With home values at $175K and rents near $936/mo, other strategies can work but produce stable rather than outsized returns.
Is it easy to find good tenants in Ames, OK?
Tenant demand in Ames, OK is solid. The local workforce $936/mo rents across most rental classes.
You know 73718 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73718 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 73718 ranks in Enid, OK
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