Real Estate Investing in Olustee, Oklahoma (73537)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73537 (Olustee, OK)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 31.1% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.9% CAGR).
• 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 Olustee, OK (73537)?
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Market Analysis: 73537 Olustee
The 73537 ZIP in Olustee is not a pristine, turnkey story — it is a value-add map. Stock is older, prices near $67K are approachable, and upside sits in the rehab line.
Value-add is the defining thesis in 73537. Homes trade near $67K, well below the state median, and rehabbed comps tend to clear meaningfully higher — a classic forced-equity setup.
Across Olustee, pockets like 73537 represent the last affordable rungs of a rising ladder. The state-level data shows those rungs thinning.
From an investor standpoint, incomes in 73537 sit below the county median, the tenant pool is deep and the demand for upgraded rental stock consistently outruns supply.
Strategic fit here is operational. Pro forma discipline, capex reserves, and lender relationships matter more than the marketing pitch.
Here's what matters if you're considering buying a home in Olustee:
Market Trends
Home Value History (with trend line)
📊 How Does 73537 Compare?
| Metric | 73537 | Olustee | Altus, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $67,240 | $85,423 | N/A | $214,563 |
| 5-Year CAGR | 0.9% | 2.4% | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 9.8% | 8.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73537 (Olustee, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $67,240 |
| Monthly Rent | $846 |
| Price-to-Rent | 6.6:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 15.1% |
| Cap Rate | 9.8% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | +0.9% ▲ |
| 10-Year CAGR | +2.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (9.8%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 73537
Population: 503
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
Frequently Asked Questions
Is Olustee, OK good for house hacking?
The house hack math an attractive in Olustee, OK. Owner-occupant buyers benefit from the $846/mo rents and $67K home values.
What real estate strategy is ideal for Olustee, OK?
For Olustee, OK, value-add and BRRRR deals is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the average monthly rent in Olustee, OK?
Expect rents around $846/mo per month in Olustee, OK. With home values at $67K, the yield math works out to reasonable levels for rental investors.
What is the typical home price in Olustee, OK?
Homes in Olustee, OK typically sell near $67K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Are there BRRRR deals in Olustee, OK?
Olustee, OK is a strong for BRRRR. Acquiring below market, rehabbing, and leasing at $846/mo produces solid refinance appraisals against $67K values.
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