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Market MapOklahomaWagoner

Wagoner County

OklahomaPopulation: 82,269
66
/100
Hold
#0 of 0 counties
#24 in Oklahoma (77 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated July 20, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$286,092
Median Home Price
0% below national median
$1,621/mo
Median Rent
0% below national median
6.80%
Rent-to-Price Ratio
Top 50% nationally
-$446
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Scenario comparison

Same $1,621/mo rent assumption, 20% down, 6.85% rate. What changes is the acquisition price.
ScenarioPurchase priceMonthly cash flowCap rateCash-on-cash
75% of median
value-add or distressed
$214,569-$71/mo5.9%-1.7%
Median
typical MLS deal
$286,092-$446/mo4.4%-8.1%
125% of median
newer / premium
$357,614-$821/mo3.5%-12.0%

Price History

Median Home Price

Median Rent

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$286,092
Down Payment (20%)$57,218
Loan Amount$228,874
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,621
Monthly P&I-$1,500
Est. Expenses (35%)-$567
Net Cash Flow-$446/mo
4.4%
Cap Rate (all cash)
-8.1%
Cash-on-Cash Return
6.80%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 4.4% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
66/100
66
Cash Flow(30%)
68/100

Based on 6.80% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
77/100

Based on 2.7% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
69/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Complete rent data available

Challenges

  • -Negative cash flow at typical financing (-$446/mo)
  • -Negative leverage (cap rate 4.4% < mortgage rate 6.9%)

Economic Indicators

Population
82,269
Median Income
—
Data pending
Unemployment Rate
—
Data pending
Price-to-Income
—
Data pending

Who this market fits

Best for
  • +All-cash buyers: removing debt service flips the cap rate to actual yield
Skip if
  • −You need positive cash flow on day one at typical leverage
  • −You can't tolerate negative leverage (cap rate below mortgage rate today)

Compare to Nearby Counties

CountyVerdict
CurrentWagonerOK
66$286,092$1,6216.80%Buy
PayneOK
66$232,536$1,4317.38%BuyView
CreekOK
66$212,526Est. pending—BuyView
TulsaOK
66$244,543$1,3796.77%BuyView
CanadianOK
66$267,590$1,5376.89%BuyView
MuskogeeOK
65$150,587$1,0758.57%BuyView

The Bottom Line

HoldWagoner scores well overall, but a typical leveraged buy-and-hold loses $446/mo at current rates. Consider house hacking, value-add, or all-cash; otherwise a worse score with positive cash flow may be the better deal.

Wagoner County in Oklahoma scores 66/100, ranking #0 of 0 US counties (top 50%). At 20% down and current rates, a median-priced rental loses about $446/month; the 6.80% gross rent-to-price ratio doesn't survive debt service. The thesis here is appreciation, value-add, house hacking, or all-cash.

Monthly Cash Flow
$-446/mo
Cap Rate
4.4%
Cash-on-Cash
-8.1%

Related markets

Markets like Wagoner with stronger cash flow

  • Muskogee County for cash-flow rentals
  • Payne County for cash-flow rentals
  • Canadian County for cash-flow rentals

Cheaper alternatives to Wagoner

  • Muskogee County, lower entry price
  • Creek County, lower entry price
  • Payne County, lower entry price

Head-to-head comparisons

  • Wagoner vs Payne for rentals
  • Wagoner vs Creek for rentals
  • Wagoner vs Tulsa for rentals
All counties in Oklahoma →

Rent vs buy in Oklahoma cities

Rent vs buy in Tulsa, OKMedian $244,543 · rent $1,379/moRent vs buy in Norman, OKMedian $249,080 · rent $1,386/moRent vs buy in Broken Arrow, OKMedian $244,543 · rent $1,379/moRent vs buy in Lawton, OKMedian $150,944 · rent $1,052/moRent vs buy in Oklahoma City, OKMedian $219,315 · rent $1,300/moAll Oklahoma citiesFull rent-vs-buy directory for the state

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