Real Estate Investing in Drummond, Oklahoma (73735)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73735 (Drummond, 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: 9.2% vacancy may signal weakening demand.
• 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 Drummond, OK (73735)?
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Market Analysis: 73735 Drummond
Not every below-median market is a bargain. Drummond's 73735 ZIP stands at signals that favor experienced operators who can absorb the risk $161K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 73735 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Turning to rents, 73735 offers a low basis, the region around Drummond has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A solid renter share of 6% in 73735 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 73735 is an operator game, not a passive one. On the rental side, entry prices of $161K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Drummond:
Market Trends
Home Value History (with trend line)
📊 How Does 73735 Compare?
| Metric | 73735 | Drummond | Enid, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $160,655 | $160,655 | N/A | $214,563 |
| 5-Year CAGR | 3.0% | 3.0% | N/A | 6.9% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73735 (Drummond, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $160,655 |
| Monthly Rent | $891 |
| Price-to-Rent | 15.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.3% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | -1.4% ▼ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | +3.0% ▲ |
| 10-Year CAGR | +3.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). 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 73735
Population: 727
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 73735
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
How much is rent in Drummond, OK?
Rents in Drummond, OK run near $891/mo. Compared with median home prices of $161K that produces solid gross yields for typical rentals.
How strong is tenant demand in Drummond, OK?
Drummond, OK draws a consistent base of working renters. Demand at the $891/mo rent level is reasonable for standard single-family and small multi rentals.
What strategy should investors use in Drummond, OK?
Investors usually favor careful cash-flow rentals with hands-on management in Drummond, OK. With home values at $161K and rents near $891/mo, other strategies can work but produce measured rather than outsized returns.
Does Drummond, OK make sense for an investment property?
The 3.0/5 investability rating in Drummond, OK reflects its $161K prices and $891/mo rents. Investors generally consider it a solid option within OK.
Does Drummond, OK favor landlords or tenants?
Rental owners in Drummond, OK deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 73735 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73735 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 73735 ranks in Enid, OK
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