Real Estate Investing in Freedom, Oklahoma (73842)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73842 (Freedom, OK)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 20.4% of homes vacant — above national norms.
• 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 Freedom, OK (73842)?
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Market Analysis: 73842 Freedom
This part of Woods County is not an easy win. The 73842 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
On the rental side, the numbers look inviting — $150K purchase price, 0.0% nominal cap — the work to hit that pro forma in 73842 is substantial and deserves full respect.
ZIP 73842's metrics run below Woods County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 73842 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 73842 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 Freedom:
Market Trends
Home Value History (with trend line)
📊 How Does 73842 Compare?
| Metric | 73842 | Freedom | Woodward, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $149,804 | $149,804 | N/A | $214,563 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 6.9% |
| Avg Rent | $1,053 | $1,053 | N/A | - |
| Cap Rate | 5.5% | 5.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73842 (Freedom, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $149,804 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 11.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.4% |
| Cap Rate | 5.5% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +4.3% ▲ |
🏠 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 (5.5%). 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 73842
Population: 381
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 73842
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 does Freedom, OK rate as a rental market?
Freedom, OK comes in at an investability rating of 3.0/5, with median home values near $150K and average rents around $1,053/mo. That combination puts it in the substantial tier for investor interest.
How much is rent in Freedom, OK?
Investors in Freedom, OK typically see rents near $1,053/mo per month against $150K home values - a solid setup for rental cash flow.
Do rentals sit vacant long in Freedom, OK?
Vacancy in Freedom, OK is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,053/mo.
What real estate strategy is ideal for Freedom, OK?
Investors usually favor careful cash-flow rentals with hands-on management in Freedom, OK. With home values at $150K and rents near $1,053/mo, other strategies can work but produce predictable rather than outsized returns.
Is house hacking profitable in Freedom, OK?
House hacking in Freedom, OK is a challenging. With home values around $150K and rents at $1,053/mo, owner-occupants can offset a meaningful share of PITI.
You know 73842 now. You don’t know where it ranks.
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How 73842 ranks in Woodward, OK
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