Real Estate Investing in Gate, Oklahoma (73844)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73844 (Gate, 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: 39.9% of homes vacant — above national norms.
- Declining values: -2.9% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 10.3% in the last year.
• 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 Gate, OK (73844)?
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Market Analysis: 73844 Gate
The 73844 ZIP covers a section of Gate that demands careful diligence. Prices near $89K look accessible, but the work to make a deal cash flow is real.
On balance, the numbers look inviting — $89K purchase price, 0.0% nominal cap — the work to hit that pro forma in 73844 is substantial and deserves full respect.
Regionally, 73844 sits on the difficult end of the OK spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 73844 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 73844 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Gate:
Market Trends
Home Value History (with trend line)
📊 How Does 73844 Compare?
| Metric | 73844 | Gate | Oklahoma |
|---|---|---|---|
| Home Value | $88,945 | $88,945 | $214,563 |
| 5-Year CAGR | N/A | N/A | 6.9% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 7.6% | 7.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73844 (Gate, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $88,945 |
| Monthly Rent | $864 |
| Price-to-Rent | 8.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.7% |
| Cap Rate | 7.6% |
| 5-Year IRR | 4.7% |
📈 Home Appreciation
| 1-Year | -10.3% ▼ |
| 3-Year CAGR | -6.0% ▼ |
| 5-Year CAGR | -2.9% ▼ |
| 10-Year CAGR | N/A |
🏠 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 (7.6%). 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 73844
Population: 302
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
What price range are homes in Gate, OK?
The median home value in Gate, OK is roughly $89K. That puts it reasonable relative to the OK statewide average.
What is the typical renter like in Gate, OK?
Gate, OK offers a predictable renter base at the $864/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is real estate in Gate, OK a good investment right now?
Gate, OK scores 3.0/5 for investability. Home values sit at $89K and rents near $864/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is Gate, OK a good market for FHA house hackers?
Gate, OK offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $864/mo rent level.
What is it like being a landlord in Gate, OK?
OK ranks as a landlord-friendly state for landlord-tenant law. Gate generally follows the statewide framework, so landlords face reasonable operating rules.
You know 73844 now. You don’t know where it ranks.
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