Real Estate Investing in Gage, Oklahoma (73843)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73843 (Gage, 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: 39.1% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.2% CAGR).
- Higher unemployment: 10.3% unemployment — tenant risk signal.
• 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 Gage, OK (73843)?
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Market Analysis: 73843 Gage
This part of Ellis County is not an easy win. The 73843 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 73843 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 73843 sits on the difficult end of the OK spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 73843 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 73843 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 Gage:
Property Strategy for 73843
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $40,048 | $970 | 17.4% | +3.0% | $20,024 |
| 3BR | $120,744 | $1,210 | 7.2% | +2.6% | $40,248 |
Market Trends
Home Value History (with trend line)
📊 How Does 73843 Compare?
| Metric | 73843 | Gage | Woodward, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $87,464 | $87,464 | N/A | $214,563 |
| 5-Year CAGR | 0.2% | 0.2% | N/A | 6.9% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 7.8% | 7.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73843 (Gage, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $87,464 |
| Monthly Rent | $873 |
| Price-to-Rent | 8.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 12.0% |
| Cap Rate | 7.8% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | -3.2% ▼ |
| 5-Year CAGR | +0.2% ▲ |
| 10-Year CAGR | +1.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (7.8%) 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 73843
Population: 896
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 qualified is the tenant pool in Gage, OK?
Gage, OK offers a even-keeled renter base at the $873/mo rent level. Tenant turnover is reasonable for well-managed properties.
What kind of vacancy should I budget for in Gage, OK?
Vacancy risk in Gage, OK is elevated. That supports measured cash flow for typical rental holds.
How expensive is real estate in Gage, OK?
Expect median prices around $87K in Gage, OK. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
How much is rent in Gage, OK?
Investors in Gage, OK typically see rents near $873/mo per month against $87K home values - a solid setup for rental cash flow.
Is Gage, OK good for house hacking?
House hacking in Gage, OK is reasonable to execute. Prices around $87K and rents of $873/mo solid owner-occupant economics.
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How 73843 ranks in Woodward, OK
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