Real Estate Investing in Pond Creek, Oklahoma (73766)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73766 (Pond Creek, 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: 20.6% 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 Pond Creek, OK (73766)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73766 Pond Creek
ZIP 73766 inside Grant looks affordable on the surface — median value of $116K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 73766 can be a worth a close look for hunting ground — but the discount at $116K reflects genuine risk that outside investors often underestimate.
ZIP 73766's metrics run below Grant's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 73766 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
looks to 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 Pond Creek:
Market Trends
Home Value History (with trend line)
📊 How Does 73766 Compare?
| Metric | 73766 | Pond Creek | Oklahoma |
|---|---|---|---|
| Home Value | $115,793 | $115,793 | $214,563 |
| 5-Year CAGR | 2.0% | 2.0% | 6.9% |
| Avg Rent | $918 | $918 | - |
| Cap Rate | 6.2% | 6.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73766 (Pond Creek, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $115,793 |
| Monthly Rent | $918 |
| Price-to-Rent | 10.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.5% |
| Cap Rate | 6.2% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +11.9% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +2.0% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (6.2%). 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 73766
Population: 1,097
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 73766
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 expensive is real estate in Pond Creek, OK?
The median home value in Pond Creek, OK is roughly $116K. That puts it reasonable relative to the OK statewide average.
Can owner-occupants cash flow in Pond Creek, OK?
Pond Creek, OK offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $918/mo rent level.
Is it easy to find good tenants in Pond Creek, OK?
Tenant demand in Pond Creek, OK is solid. The local workforce $918/mo rents across most rental classes.
Is OK a landlord-friendly state?
Landlord-friendliness in Pond Creek, OK is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Are rents high in Pond Creek, OK?
Rents in Pond Creek, OK run near $918/mo. Compared with median home prices of $116K that produces solid gross yields for typical rentals.
You know 73766 now. You don’t know where it ranks.
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