Real Estate Investing in Goodwell, Oklahoma (73939)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73939 (Goodwell, OK)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 30.8% 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 Goodwell, OK (73939)?
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Market Analysis: 73939 Goodwell
The 73939 ZIP in Goodwell, OK is a local-operator market. Outside capital chasing a $189K entry has to pair deep knowledge with the discount.
Stepping back, the numbers look inviting — $189K purchase price, 0.0% nominal cap — the work to hit that pro forma in 73939 is substantial and deserves full respect.
In the broader OK picture, 73939 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 73939 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Goodwell's stable or hybrid ZIPs before stepping into 73939. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Goodwell:
Market Trends
Home Value History (with trend line)
📊 How Does 73939 Compare?
| Metric | 73939 | Goodwell | Guymon, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $188,721 | $188,721 | N/A | $214,563 |
| 5-Year CAGR | 3.5% | 3.5% | N/A | 6.9% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73939 (Goodwell, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $188,721 |
| Monthly Rent | $891 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +13.8% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 73939
Population: 1,621
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 73939
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How much is rent in Goodwell, OK?
Goodwell, OK rentals go for roughly $891/mo a month. That puts gross yield in solid territory relative to $189K acquisition costs.
Is the tenant base reliable in Goodwell, OK?
The renter base in Goodwell, OK is reasonable for the $891/mo price point. Screening well and pricing to market typically yields stable tenants.
Are there empty rentals in Goodwell, OK?
Vacancy in Goodwell, OK is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $891/mo.
What are home prices like in Goodwell, OK?
The median home value in Goodwell, OK is roughly $189K. That puts it reasonable relative to the OK statewide average.
What investment strategy works best in Goodwell, OK?
In Goodwell, OK the durable play is typically careful cash-flow rentals with hands-on management. The combination of $189K prices and $891/mo rents suits that approach.
You know 73939 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73939 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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