Real Estate Investing in Laverne, Oklahoma (73848)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73848 (Laverne, OK)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 32.2% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Laverne, OK (73848)?
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Market Analysis: 73848 Laverne
Investors eyeing 73848 need to respect the fundamentals at play. Home values of $105K come alongside slower price movement and elevated management overhead.
Rent of $864/mo on a $105K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 73848 sits below the stated 0.0% once reality is priced in.
Within OK, ZIP 73848 trails on several market indicators that neighboring Harper County submarkets outperform. The gap is real and substantial enough to shape underwriting.
In practical terms, 1,609 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Laverne's stable or hybrid ZIPs before stepping into 73848. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Laverne:
Property Strategy for 73848
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $61,495 | $960 | 11.2% | +8.3% | $30,747 |
| 3BR | $140,024 | $1,190 | 6.1% | +6.5% | $46,675 |
Market Trends
Home Value History (with trend line)
📊 How Does 73848 Compare?
| Metric | 73848 | Laverne | Oklahoma |
|---|---|---|---|
| Home Value | $104,626 | $104,626 | $214,563 |
| 5-Year CAGR | 5.9% | 5.9% | 6.9% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 6.4% | 6.4% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73848 (Laverne, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $104,626 |
| Monthly Rent | $864 |
| Price-to-Rent | 10.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.9% |
| Cap Rate | 6.4% |
| 5-Year IRR | 12.3% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 (6.4%). 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 73848
Population: 1,609
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 73848
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
What approach is best for Laverne, OK real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Laverne, OK. The numbers - $105K homes against $864/mo rents - support that play.
Are eviction rules reasonable in Laverne, OK?
For rental operators, Laverne, OK rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is Laverne, OK a smart market for rental property?
The 3.0/5 investability rating in Laverne, OK reflects its $105K prices and $864/mo rents. Investors generally consider it a solid option within OK.
Is Laverne, OK suited for a house hack?
For house hackers, Laverne, OK is a challenging. The $864/mo rent on a unit helps defray the mortgage on a $105K property.
What monthly rent should investors expect in Laverne, OK?
Rental rates in Laverne, OK average $864/mo. Tenant demand and $105K home values make the yield look reasonable by investor standards.
You know 73848 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73848 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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Community Ratings
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