Real Estate Investing in Sperry, Oklahoma (74073)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74073 (Sperry, 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: 13.7% 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 Sperry, OK (74073)?
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Market Analysis: 74073 Sperry
This part of Tulsa County is not an easy win. The 74073 ZIP reports 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 74073 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
From an investor standpoint, 74073 offers a low basis, the region around Sperry has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 74073 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 Sperry's stable or hybrid ZIPs before stepping into 74073. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Sperry:
Property Strategy for 74073
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $166,199 | $1,150 | 5.0% | +7.6% | $83,100 |
| 3BR | $260,086 | $1,510 | 4.2% | +8.0% | $86,695 |
| 4BR | $485,369 | $1,760 | 2.6% | +7.5% | $121,342 |
Market Trends
Home Value History (with trend line)
📊 How Does 74073 Compare?
| Metric | 74073 | Sperry | Tulsa, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $280,035 | $280,035 | N/A | $214,563 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 6.9% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 74073 (Sperry, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $280,035 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 22.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 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 (2.9%). 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 74073
Population: 5,610
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 74073
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
Investor Insight: With 3,605 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How expensive is real estate in Sperry, OK?
Median home price in Sperry, OK is near $280K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
How landlord-friendly is Sperry, OK?
Landlord-friendliness in Sperry, OK is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the typical renter like in Sperry, OK?
Sperry, OK offers a reliable renter base at the $1,035/mo rent level. Tenant turnover is reasonable for well-managed properties.
How viable is house hacking in Sperry, OK?
House hacking in Sperry, OK is a challenging. With home values around $280K and rents at $1,035/mo, owner-occupants can offset a meaningful share of PITI.
How strong are rents in Sperry, OK?
The typical rental in Sperry, OK commands about $1,035/mo monthly. That rent profile reliable cash flow against the $280K purchase basis.
You know 74073 now. You don’t know where it ranks.
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How 74073 ranks in Tulsa, OK
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