Real Estate Investing in Okeene, Oklahoma (73763)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73763 (Okeene, 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: 20.3% 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 Okeene, OK (73763)?
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Market Analysis: 73763 Okeene
Investors eyeing 73763 need to respect the fundamentals at play. Home values of $123K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 73763 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within OK, ZIP 73763 trails on several market indicators that neighboring Blaine County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Who lives in 73763 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. robust returns are possible in 73763, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Okeene:
Property Strategy for 73763
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $49,633 | $1,040 | 15.1% | +3.2% | $24,817 |
| 3BR | $127,469 | $1,250 | 7.1% | +5.2% | $42,490 |
Market Trends
Home Value History (with trend line)
📊 How Does 73763 Compare?
| Metric | 73763 | Okeene | Oklahoma |
|---|---|---|---|
| Home Value | $123,449 | $123,449 | $214,563 |
| 5-Year CAGR | 5.2% | 5.2% | 6.9% |
| Avg Rent | $936 | $936 | - |
| Cap Rate | 5.9% | 5.9% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73763 (Okeene, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $123,449 |
| Monthly Rent | $936 |
| Price-to-Rent | 11.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.1% |
| Cap Rate | 5.9% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +14.7% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (5.9%). 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 73763
Population: 1,746
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 73763
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
How much should I expect to pay for a home in Okeene, OK?
Okeene, OK home values average about $123K. That price point suits investors targeting rentals with $936/mo in monthly income.
Are renters plentiful in Okeene, OK?
Expect a solid tenant pool in Okeene, OK. The rental market absorbs $936/mo rents without meaningful friction.
Does Okeene, OK make sense for an investment property?
Okeene, OK reports an investability rating of 3.0/5, with median home values near $123K and average rents around $936/mo. That combination puts it in the sturdy tier for investor interest.
Should investors worry about vacancy in Okeene, OK?
Vacancy risk in Okeene, OK is elevated. That supports steady cash flow for typical rental holds.
Are landlord laws favorable in Okeene, OK?
Okeene, OK falls under OK landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 73763 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73763 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.
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Community Ratings
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