Walters, OK — Rental Investment Analysis
🟢GOOD— solid returnsData: HUD FMR FY2024 + Zillow ZHVI April 2026 + Freddie Mac rates. Last updated June 2026.
Investment Summary
As of 2026, Walters, OK has a median cap rate of 8.0%, making it one of the top cash-flowing rental markets in the United States.
Walters is one of the strongest cash flow markets in the data. With a median home price of $110,354, entry costs are low — making it accessible for beginning investors or those buying multiple properties. With 3-bedroom rents around $1,090/month, the 8.0% cap rate tells the story. Expect around +$150/month cash flow after mortgage, taxes, insurance, and reserves.
The 1% rule comes in at 0.99% — doesn't quite pass, but close enough to find individual deals that work. DSCR of 1.26 means the property's income comfortably covers debt service — DSCR loans should be easy to qualify for here.
Bottom line: Buy here if you want reliable monthly income. Walters is a cash flow market — don't expect rapid appreciation, but the checks come in every month.
Data sources: HUD Fair Market Rents (FY2024), Zillow Home Value Index (April 2026), Freddie Mac Primary Mortgage Market Survey.
Cap Rate
8.0%
Above average
Monthly Cash Flow
+$150
After all expenses
Price-to-Rent
8.4
Investor-friendly
DSCR
1.26
Passes lender test
Key Metrics
- Median Home Price
- $110,354
- Average Rent (3BR)
- $1,090/mo
- Price-to-Rent Ratio
- 8.4(good)
- 1% Rule
- 0.99%(fails — need 1%+)
- Cash-on-Cash Return
- 7.1%
- Vacancy Rate
- 8.0%
Market Strength
- Unemployment Rate
- 4%(-0.3% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- +0.5% YoY
Property Tax Rate
0.87%
of assessed value (OK avg)
Median Income
$55,826
household (OK avg)
Rent-to-Income
23.4%
Affordable
Section 8 Max Rent
$1,090/mo
3BR voucher payment
OK Investor Climate
Landlord Friendly
8/10
State Income Tax
Has state tax
Property Tax
0.87% effective
Population Trend
+0.5% (3yr)