Real Estate Investing in Boise City, Oklahoma (73933)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73933 (Boise City, 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: 43.7% 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 Boise City, OK (73933)?
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Market Analysis: 73933 Boise City
The 73933 ZIP in Boise City is not a pristine, turnkey story — it is a value-add map. Stock is older, prices near $82K are approachable, and upside sits in the rehab line.
Value-add is the defining thesis in 73933. Homes trade near $82K, well below the state median, and rehabbed comps tend to clear meaningfully higher — a classic forced-equity setup.
The a solid fit for piece of regional context is that nearby ZIPs with newer stock and higher basis have priced out of the value-add game. 73933 has not.
A renter-heavy, wage-earner demographic anchors 73933. Value-add players rely on that mix — the 22% share is both the tenant source and the buyer pool for future owner-occupied exits.
Strategic fit here is operational. Pro forma discipline, capex reserves, and lender relationships matter more than the marketing pitch.
Here's what matters if you're considering buying a home in Boise City:
Market Trends
Home Value History (with trend line)
📊 How Does 73933 Compare?
| Metric | 73933 | Boise City | Oklahoma |
|---|---|---|---|
| Home Value | $82,464 | $82,464 | $214,563 |
| 5-Year CAGR | 4.4% | 4.4% | 6.9% |
| Avg Rent | $846 | $846 | - |
| 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 73933 (Boise City, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $82,464 |
| Monthly Rent | $846 |
| Price-to-Rent | 8.1:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 12.3% |
| Cap Rate | 8.0% |
| 5-Year IRR | 12.4% |
📈 Home Appreciation
| 1-Year | +17.4% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 73933
Population: 1,469
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 73933
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 kind of market is Boise City, OK for investors?
The 5.0/5 investability rating in Boise City, OK reflects its $82K prices and $846/mo rents. Investors generally consider it a solid option within OK.
Can you find 1% rule deals in Boise City, OK?
The median property in Boise City, OK ($82K at $846/mo rent) a 1.03% rent-to-price figure. Pure 1% deals require disciplined offer pricing.
What does house hacking look like in Boise City, OK?
Boise City, OK is a an attractive market for house hackers. FHA or conventional owner-occupant buyers find the $82K price point reasonable to enter.
Is BRRRR a fit for Boise City, OK?
Operators BRRRR-ing in Boise City, OK report a strong results. Focus on sub-market acquisition and tight rehab budgets to capture the spread.
How strong are rents in Boise City, OK?
Rents in Boise City, OK run near $846/mo. Compared with median home prices of $82K that produces solid gross yields for typical rentals.
You know 73933 now. You don’t know where it ranks.
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