Real Estate Investing in Catoosa, Oklahoma (74015)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74015 (Catoosa, OK)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Catoosa, OK (74015)?
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Market Analysis: 74015 Catoosa
ZIP 74015 in Catoosa, OK carries a resilient set of headwinds. Home values near $281K and rents of $1,134/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $281K asset, 74015 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 74015 sits on the difficult end of the OK spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Looking more closely, 8,653 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.
Strategically, 74015 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Catoosa:
Property Strategy for 74015
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $173,025 | $1,260 | 5.2% | +10.4% | $86,513 |
| 3BR | $259,490 | $1,660 | 4.6% | +7.5% | $86,497 |
| 4BR | $380,129 | $1,920 | 3.6% | +7.1% | $95,032 |
Market Trends
Home Value History (with trend line)
📊 How Does 74015 Compare?
| Metric | 74015 | Catoosa | Oklahoma |
|---|---|---|---|
| Home Value | $281,342 | $281,342 | $214,563 |
| 5-Year CAGR | 5.2% | 5.2% | 6.9% |
| Avg Rent | $1,134 | $1,134 | - |
| Cap Rate | 3.1% | 3.1% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74015 (Catoosa, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $281,342 |
| Monthly Rent | $1,134 |
| Price-to-Rent | 20.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (3.1%). 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 74015
Population: 8,653
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 74015
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,919 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Catoosa, OK for real estate investors?
Catoosa, OK scores 3.0/5 for investability. Home values sit at $281K and rents near $1,134/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How much rent can I charge in Catoosa, OK?
Catoosa, OK rentals go for roughly $1,134/mo a month. That puts gross yield in solid territory relative to $281K acquisition costs.
What is the best play in Catoosa, OK?
Catoosa, OK investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($281K prices, $1,134/mo rents) make it a reasonable choice.
Are homes affordable in Catoosa, OK?
Catoosa, OK home values average about $281K. That price point suits investors targeting rentals with $1,134/mo in monthly income.
What are vacancy rates like in Catoosa, OK?
Catoosa, OK sees elevated vacancy, which is reasonable relative to the broader OK rental market.
You know 74015 now. You don’t know where it ranks.
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