Real Estate Investing in Fargo, Oklahoma (73840)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73840 (Fargo, 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: 28.9% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.1% CAGR).
• 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 Fargo, OK (73840)?
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Market Analysis: 73840 Fargo
The 73840 ZIP in Fargo, OK is a local-operator market. Outside capital chasing a $123K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 73840 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 73840's metrics run below Ellis County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 73840 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 73840 is an operator game, not a passive one. On the rental side, entry prices of $123K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Fargo:
Market Trends
Home Value History (with trend line)
📊 How Does 73840 Compare?
| Metric | 73840 | Fargo | Woodward, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $122,755 | $122,755 | N/A | $214,563 |
| 5-Year CAGR | 0.1% | 0.1% | N/A | 6.9% |
| Avg Rent | $1,143 | $1,143 | N/A | - |
| Cap Rate | 7.3% | 7.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73840 (Fargo, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $122,755 |
| Monthly Rent | $1,143 |
| Price-to-Rent | 9.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.2% |
| Cap Rate | 7.3% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | -3.2% ▼ |
| 5-Year CAGR | +0.1% ▲ |
| 10-Year CAGR | +2.4% ▲ |
🏠 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 (7.3%). 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 73840
Population: 464
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 73840
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
What investment strategy works best in Fargo, OK?
Most investors in Fargo, 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.
What does house hacking look like in Fargo, OK?
The a challenging house-hack environment in Fargo, OK reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How tight is the rental market in Fargo, OK?
Vacancy risk in Fargo, OK is elevated. That supports stable cash flow for typical rental holds.
What is the average home sale price in Fargo, OK?
Expect median prices around $123K in Fargo, OK. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
Where do rents currently stand in Fargo, OK?
Investors in Fargo, OK typically see rents near $1,143/mo per month against $123K home values - a solid setup for rental cash flow.
You know 73840 now. You don’t know where it ranks.
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How 73840 ranks in Woodward, OK
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