Real Estate Investing in Wann, Oklahoma (74083)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74083 (Wann, 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: 20.5% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Wann, OK (74083)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74083 Wann
The 74083 ZIP covers a section of Wann that demands careful diligence. Prices near $274K look accessible, but the work to make a deal cash flow is real.
Rent of $1,098/mo on a $274K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 74083 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 74083 among OK's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 74083 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. significant returns are possible in 74083, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Wann:
Market Trends
Home Value History (with trend line)
📊 How Does 74083 Compare?
| Metric | 74083 | Wann | Oklahoma |
|---|---|---|---|
| Home Value | $273,828 | $273,828 | $214,563 |
| 5-Year CAGR | 4.2% | 4.2% | 6.9% |
| Avg Rent | $1,098 | $1,098 | - |
| Cap Rate | 3.1% | 3.1% | - |
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 74083 (Wann, OK). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 74083 (Wann, OK)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $273,828 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (3.1%). 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 74083
Population: 773
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Do rentals sit vacant long in Wann, OK?
Expect elevated vacancy in Wann, OK. Rents at $1,098/mo are absorbed by the tenant base without meaningful lag.
Does Wann, OK favor landlords or tenants?
Wann, OK operates under OK law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
Is Wann, OK suited for a house hack?
The a challenging house-hack environment in Wann, OK reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the average monthly rent in Wann, OK?
Rent in Wann, OK is around $1,098/mo. The resulting rent-to-value relationship with $274K pricing is reasonable for most investor models.
Is housing expensive in Wann, OK?
Wann, OK home values average about $274K. That price point suits investors targeting rentals with $1,098/mo in monthly income.
You know 74083 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74083 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.
AI Market Advisor
Ask questions about investing in 74083 (Wann)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 74083 (Wann, OK).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.