Real Estate Investing in Broken Bow, Oklahoma (74728)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74728 (Broken Bow, OK)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 21.7% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.5% CAGR).
- High price-to-rent: Price-to-rent ratio 31.9 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Broken Bow, OK (74728)?
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Market Analysis: 74728 Broken Bow
The 74728 ZIP in Broken Bow, OK is a local-operator market. Outside capital chasing a $324K entry has to pair deep knowledge with the discount.
The investment case in 74728 is substantial only for operators who understand what they are buying. A $324K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 74728 among OK's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
From a cash-flow lens, 11,177 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 74728 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Broken Bow:
Property Strategy for 74728
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $256,367 | $940 | 2.6% | +3.3% | $128,183 |
| 3BR | $228,816 | $1,260 | 4.0% | +6.3% | $76,272 |
| 4BR | $540,124 | $1,450 | 1.9% | +5.5% | $135,031 |
Market Trends
Home Value History (with trend line)
📊 How Does 74728 Compare?
| Metric | 74728 | Broken Bow | Oklahoma |
|---|---|---|---|
| Home Value | $324,032 | $324,032 | $214,563 |
| 5-Year CAGR | 1.5% | 1.5% | 6.9% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 2.0% | 2.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74728 (Broken Bow, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $324,032 |
| Monthly Rent | $846 |
| Price-to-Rent | 31.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 3.5% |
📈 Home Appreciation
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | -5.5% ▼ |
| 5-Year CAGR | +1.5% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (2.0%). 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 74728
Population: 11,177
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 74728
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
How does Broken Bow, OK rate as a rental market?
Broken Bow, OK scores 2.0/5 for investability. Home values sit at $324K and rents near $846/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Where do home prices stand in Broken Bow, OK?
Broken Bow, OK home values average about $324K. That price point suits investors targeting rentals with $846/mo in monthly income.
What type of investing works in Broken Bow, OK?
Investors usually favor careful cash-flow rentals with hands-on management in Broken Bow, OK. With home values at $324K and rents near $846/mo, other strategies can work but produce consistent rather than outsized returns.
Should investors worry about vacancy in Broken Bow, OK?
Vacancy in Broken Bow, OK is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $846/mo.
Is Broken Bow, OK landlord-friendly?
OK ranks as a landlord-friendly state for landlord-tenant law. Broken Bow generally follows the statewide framework, so landlords face reasonable operating rules.
You know 74728 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74728 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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