Real Estate Investing in Cleo Springs, Oklahoma (73729)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73729 (Cleo Springs, 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: 14.1% 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 Cleo Springs, OK (73729)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73729 Cleo Springs
Not every below-median market is a bargain. Cleo Springs's 73729 ZIP records signals that favor experienced operators who can absorb the risk $146K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 73729 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 73729 sits on the difficult end of the OK spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 73729 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 73729 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 Cleo Springs:
Market Trends
Home Value History (with trend line)
📊 How Does 73729 Compare?
| Metric | 73729 | Cleo Springs | Oklahoma |
|---|---|---|---|
| Home Value | $145,871 | $145,871 | $214,563 |
| 5-Year CAGR | 5.1% | 5.1% | 6.9% |
| Avg Rent | $1,035 | $1,035 | - |
| Cap Rate | 5.5% | 5.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73729 (Cleo Springs, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $145,871 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 11.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.5% |
| Cap Rate | 5.5% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +14.2% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 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 (5.5%). 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 73729
Population: 657
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 73729
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
What real estate strategy is ideal for Cleo Springs, OK?
Cleo Springs, OK investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($146K prices, $1,035/mo rents) make it a reasonable choice.
How tight is the rental market in Cleo Springs, OK?
Vacancy risk in Cleo Springs, OK is elevated. That supports consistent cash flow for typical rental holds.
Is Cleo Springs in OK worth investing in?
Our data puts Cleo Springs, OK at 3.0/5 for investability. Home prices of $146K and rents around $1,035/mo create a solid backdrop for investor activity.
What are home prices like in Cleo Springs, OK?
Median home price in Cleo Springs, OK is near $146K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
Are tenants stable in Cleo Springs, OK?
Cleo Springs, OK draws a even-keeled base of working renters. Demand at the $1,035/mo rent level is reasonable for standard single-family and small multi rentals.
You know 73729 now. You don’t know where it ranks.
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Community Ratings
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