Real Estate Investing in Waynoka, Oklahoma (73860)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73860 (Waynoka, 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 balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
- High vacancy: 34.2% 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 Waynoka, OK (73860)?
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Market Analysis: 73860 Waynoka
The 73860 ZIP shows an solid value-add profile — below-median pricing at $86K, a renter base of 18%, and room for operational improvement.
Cap rate math of 0.0% understates the return here. Post-rehab, stabilized yields climb, and the 73860 ZIP's older housing stock gives operators the opportunity set to execute.
Statewide, OK value-add investors migrate toward ZIPs with 73860's profile — older stock, soft but real rent growth, and $86K pricing that keeps rehab math workable.
A renter-heavy, wage-earner demographic anchors 73860. Value-add players rely on that mix — the 18% share is both the tenant source and the buyer pool for future owner-occupied exits.
Experienced operators with contractor networks find 73860 worth a close look for. First-time flippers often underestimate scope, budget, and timeline, which is how deals here turn sour.
Here's what matters if you're considering buying a home in Waynoka:
Property Strategy for 73860
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $42,111 | $990 | 16.9% | +4.7% | $21,056 |
| 3BR | $84,288 | $1,240 | 10.6% | +5.3% | $28,096 |
Market Trends
Home Value History (with trend line)
📊 How Does 73860 Compare?
| Metric | 73860 | Waynoka | Oklahoma |
|---|---|---|---|
| Home Value | $86,449 | $86,449 | $214,563 |
| 5-Year CAGR | 5.4% | 5.4% | 6.9% |
| Avg Rent | $891 | $891 | - |
| Cap Rate | 8.0% | 8.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73860 (Waynoka, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $86,449 |
| Monthly Rent | $891 |
| Price-to-Rent | 8.1:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 12.4% |
| Cap Rate | 8.0% |
| 5-Year IRR | 13.4% |
📈 Home Appreciation
| 1-Year | +11.7% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.0%) 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 73860
Population: 1,259
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 73860
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
Is Waynoka, OK a good market for buy-and-hold investors?
Our data puts Waynoka, OK at 5.0/5 for investability. Home prices of $86K and rents around $891/mo create a solid backdrop for investor activity.
How expensive is real estate in Waynoka, OK?
Median home price in Waynoka, OK is near $86K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
What are rental rates like in Waynoka, OK?
Rental rates in Waynoka, OK average $891/mo. Tenant demand and $86K home values make the yield look reasonable by investor standards.
Does buy-rehab-rent-refinance work in Waynoka, OK?
Investors running BRRRR in Waynoka, OK see a strong outcomes. Deal flow and rehab execution matter more than the macro here.
What investment strategy works best in Waynoka, OK?
Most investors in Waynoka, OK run a value-add and BRRRR deals strategy. It aligns with the 5.0/5 investability profile and the market fundamentals.
You know 73860 now. You don’t know where it ranks.
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