Is Spencer, OK a good place to invest in rental property?

Spencer, OK has a median modeled monthly cash flow of $96 and a median cap rate of 7.0%, on a median sold price of $137,000. Prices changed -10.8% year over year.

What is the average cap rate in Spencer, OK?

The median cap rate across recently sold homes in Spencer, OK is 7.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Spencer, OK?

The median sold price in Spencer, OK is $137,000 (about $112 per square foot).

Investing in Spencer, OK Real Estate

#193 cash-flow market in the U.S.

A data-driven snapshot of the Spencer, OK rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$137,000Median sold price

$112Median $/sqft

7.0%Median cap rate

$96Modeled cash flow / mo

-10.8%Appreciation YoY

7.4Months of supply

19Active listings

31Sold (last 12 mo)

What the Spencer numbers say

In Spencer, OK, the median home sold for $137,000 (about $112 per square foot), and the typical deal models out to a 7.0% cap rate with a median $96 of monthly cash flow. Sold prices moved -10.8% over the past year. Inventory sits at about 7.4 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Oklahoma markets to compare

See Spencer cash-flowing listings

CashFlowRE ranks every for-sale home in Spencer, OK by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Spencer deals, or browse the national market data.