Real Estate Investing in Watonga, Oklahoma (73772)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73772 (Watonga, 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: 22.1% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Watonga, OK (73772)?
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Market Analysis: 73772 Watonga
The 73772 ZIP covers a section of Watonga that demands careful diligence. Prices near $103K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 73772 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
From a cash-flow lens, 73772 offers a low basis, the region around Watonga has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 73772 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 73772 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Watonga:
Property Strategy for 73772
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $53,353 | $970 | 13.1% | +5.3% | $26,677 |
| 3BR | $128,454 | $1,160 | 6.5% | +6.0% | $42,818 |
| 4BR | $187,869 | $1,430 | 5.5% | +5.4% | $46,967 |
Market Trends
Home Value History (with trend line)
📊 How Does 73772 Compare?
| Metric | 73772 | Watonga | Oklahoma |
|---|---|---|---|
| Home Value | $102,704 | $102,704 | $214,563 |
| 5-Year CAGR | 3.1% | 3.1% | 6.9% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 6.6% | 6.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73772 (Watonga, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $102,704 |
| Monthly Rent | $873 |
| Price-to-Rent | 9.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.2% |
| Cap Rate | 6.6% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +4.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.6%). 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 73772
Population: 3,440
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 73772
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 Watonga, OK?
Expect median prices around $103K in Watonga, OK. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
Is Watonga, OK landlord-friendly?
Landlord-friendliness in Watonga, OK is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Does house hacking make sense in Watonga, OK?
The a challenging house-hack environment in Watonga, OK reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the typical rental rate in Watonga, OK?
Expect rents around $873/mo per month in Watonga, OK. With home values at $103K, the yield math works out to reasonable levels for rental investors.
How tight is the rental market in Watonga, OK?
Vacancy in Watonga, OK is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $873/mo.
You know 73772 now. You don’t know where it ranks.
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