Real Estate Investing in Hooker, Oklahoma (73945)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73945 (Hooker, OK)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 18.5% 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 Hooker, OK (73945)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73945 Hooker
Investors eyeing 73945 need to respect the fundamentals at play. Home values of $168K come alongside slower price movement and elevated management overhead.
Rent of $1,008/mo on a $168K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 73945 sits below the stated 0.0% once reality is priced in.
Within OK, ZIP 73945 trails on several market indicators that neighboring Texas submarkets outperform. The gap is real and durable enough to shape underwriting.
Employment concentration in 73945 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 Hooker's stable or hybrid ZIPs before stepping into 73945. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Hooker:
Property Strategy for 73945
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $86,122 | $1,120 | 9.4% | +4.6% | $43,061 |
| 3BR | $152,712 | $1,340 | 6.3% | +5.9% | $50,904 |
| 4BR | $199,708 | $1,880 | 6.8% | — | $49,927 |
Market Trends
Home Value History (with trend line)
📊 How Does 73945 Compare?
| Metric | 73945 | Hooker | Oklahoma |
|---|---|---|---|
| Home Value | $168,162 | $168,162 | $214,563 |
| 5-Year CAGR | 5.6% | 5.6% | 6.9% |
| Avg Rent | $1,008 | $1,008 | - |
| Cap Rate | 4.7% | 4.7% | - |
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 73945 (Hooker, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $168,162 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 13.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +14.6% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (4.7%). 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 73945
Population: 2,258
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 73945
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
Which investment style suits Hooker, OK?
A careful cash-flow rentals with hands-on management strategy Hooker, OK best. The market produces predictable results for that approach at the $168K price point.
What is it like being a landlord in Hooker, OK?
OK ranks as a landlord-friendly state for landlord-tenant law. Hooker generally follows the statewide framework, so landlords face reasonable operating rules.
How deep is the rental pool in Hooker, OK?
Expect a solid tenant pool in Hooker, OK. The rental market absorbs $1,008/mo rents without meaningful friction.
How viable is house hacking in Hooker, OK?
House hacking in Hooker, OK is a challenging. With home values around $168K and rents at $1,008/mo, owner-occupants can offset a meaningful share of PITI.
How do home values compare in Hooker, OK?
In Hooker, OK the median home value sits at $168K. Against the broader OK market, that reads as reasonable for most investors.
You know 73945 now. You don’t know where it ranks.
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