Real Estate Investing in Garber, Oklahoma (73738)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73738 (Garber, OK)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.6% 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 Garber, OK (73738)?
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Market Analysis: 73738 Garber
ZIP 73738 inside Garfield County looks affordable on the surface — median value of $105K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $105K asset, 73738 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within OK, ZIP 73738 trails on several market indicators that neighboring Garfield County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Demographically, 73738 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.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Garber:
Property Strategy for 73738
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $55,430 | $1,070 | 13.9% | +1.8% | $27,715 |
| 3BR | $129,510 | $1,390 | 7.7% | +2.1% | $43,170 |
Market Trends
Home Value History (with trend line)
📊 How Does 73738 Compare?
| Metric | 73738 | Garber | Enid, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $105,028 | $105,028 | N/A | $214,563 |
| 5-Year CAGR | 2.8% | 2.8% | N/A | 6.9% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 7.2% | 7.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73738 (Garber, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $105,028 |
| Monthly Rent | $963 |
| Price-to-Rent | 9.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.0% |
| Cap Rate | 7.2% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +11.8% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +2.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.2%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 73738
Population: 931
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 73738
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 is the median home value in Garber, OK?
Expect median prices around $105K in Garber, OK. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
What is the rental occupancy rate in Garber, OK?
Occupancy in Garber, OK runs even-keeled with elevated vacancy. Well-priced units at $963/mo lease on reasonable timelines.
How strong is the working-renter base in Garber, OK?
The renter base in Garber, OK is reasonable for the $963/mo price point. Screening well and pricing to market typically yields steady tenants.
What does house hacking look like in Garber, OK?
The a challenging house-hack environment in Garber, OK reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the smart move for investors in Garber, OK?
Most investors in Garber, OK run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 73738 now. You don’t know where it ranks.
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How 73738 ranks in Enid, OK
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