Real Estate Investing in Wakita, Oklahoma (73771)
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Should you buy in 73771 (Wakita, OK)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 46.1% of homes vacant — above national norms.
- Declining values: -1.3% 5-year CAGR — values have moved lower.
• 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 Wakita, OK (73771)?
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Market Analysis: 73771 Wakita
In Wakita's 73771 ZIP, the arithmetic favors hands-on owners. Median home values stands at $65K, leaving spread for capex-heavy BRRRR or reposition strategies.
Value-add is the defining thesis in 73771. Homes trade near $65K, well below the state median, and rehabbed comps tend to clear meaningfully higher — a classic forced-equity setup.
The a strong candidate for piece of regional context is that nearby ZIPs with newer stock and higher basis have priced out of the value-add game. 73771 has not.
The 73771 ZIP's demographic trend has been one of stability with upside — population of 355, steady renter share, and an incoming cohort that is willing to pay for improved units.
Value-add plays pencil in 73771 when three things line up: a sub-median purchase, a realistic rehab budget, and a post-rehab rent comp that stands up. All three are present in this ZIP.
Here's what matters if you're considering buying a home in Wakita:
Market Trends
Home Value History (with trend line)
📊 How Does 73771 Compare?
| Metric | 73771 | Wakita | Oklahoma |
|---|---|---|---|
| Home Value | $64,730 | $64,730 | $214,563 |
| 5-Year CAGR | N/A | N/A | 6.9% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 10.2% | 10.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73771 (Wakita, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $64,730 |
| Monthly Rent | $846 |
| Price-to-Rent | 6.4:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 15.7% |
| Cap Rate | 10.2% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | -3.4% ▼ |
| 5-Year CAGR | -1.3% ▼ |
| 10-Year CAGR | +1.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (10.2%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 73771
Population: 355
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
Frequently Asked Questions
How strong are rents in Wakita, OK?
Wakita, OK rentals go for roughly $846/mo a month. That puts gross yield in solid territory relative to $65K acquisition costs.
Does the 1% rule work in Wakita, OK?
The 1% rule in Wakita, OK is reasonable to achieve. Rent-to-price at the median ($846/mo on $65K) lands around 1.31%.
What is the investability score for Wakita, OK?
Wakita, OK scores 4.0/5 for investability. Home values sit at $65K and rents near $846/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are there BRRRR deals in Wakita, OK?
Operators BRRRR-ing in Wakita, OK report a strong results. Focus on sub-market acquisition and tight rehab budgets to capture the spread.
How viable is house hacking in Wakita, OK?
House hacking in Wakita, OK is reasonable to execute. Prices around $65K and rents of $846/mo solid owner-occupant economics.
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