Real Estate Investing in Texhoma, Oklahoma (73949)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73949 (Texhoma, 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: 24.6% 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 Texhoma, OK (73949)?
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Market Analysis: 73949 Texhoma
This part of Texas is not an easy win. The 73949 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 73949 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Turning to rents, 73949 offers a low basis, the region around Texhoma has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 73949 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 Texhoma's stable or hybrid ZIPs before stepping into 73949. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Texhoma:
Market Trends
Home Value History (with trend line)
📊 How Does 73949 Compare?
| Metric | 73949 | Texhoma | Oklahoma |
|---|---|---|---|
| Home Value | $151,312 | $151,312 | $214,563 |
| 5-Year CAGR | 4.8% | 4.8% | 6.9% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 4.4% | 4.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73949 (Texhoma, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $151,312 |
| Monthly Rent | $855 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 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%) exceeds the estimated cap rate (4.4%). 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 73949
Population: 1,472
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 73949
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 Texhoma, OK?
A careful cash-flow rentals with hands-on management strategy Texhoma, OK best. The market produces steady results for that approach at the $151K price point.
How deep is the rental pool in Texhoma, OK?
Expect a solid tenant pool in Texhoma, OK. The rental market absorbs $855/mo rents without meaningful friction.
Where do home prices stand in Texhoma, OK?
Texhoma, OK home values average about $151K. That price point suits investors targeting rentals with $855/mo in monthly income.
How strict are landlord regulations in Texhoma, OK?
Texhoma, OK operates under OK law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
What are rental rates like in Texhoma, OK?
Rental rates in Texhoma, OK average $855/mo. Tenant demand and $151K home values make the yield look reasonable by investor standards.
You know 73949 now. You don’t know where it ranks.
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