Real Estate Investing in Cushing, Oklahoma (74023)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74023 (Cushing, OK)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 15.8% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cushing, OK (74023)?
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Market Analysis: 74023 Cushing
From a cash-flow lens, ZIP 74023 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $144K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 74023 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 74023's metrics run below Payne County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 74023 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 74023 is an operator game, not a passive one. Meanwhile, entry prices of $144K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Cushing:
Property Strategy for 74023
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $78,794 | $940 | 8.6% | +7.7% | $39,397 |
| 3BR | $163,233 | $1,300 | 5.7% | +6.3% | $54,411 |
| 4BR | $312,520 | $1,420 | 3.3% | +6.6% | $78,130 |
Market Trends
Home Value History (with trend line)
📊 How Does 74023 Compare?
| Metric | 74023 | Cushing | Stillwater, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $143,835 | $143,835 | N/A | $214,563 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
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 74023 (Cushing, OK). Anonymous, moderated, never written by AI.
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Property managers serving Payne County
Manage rentals here? List your business →C-Star Management is a leader in property management, offering services for apartments, houses, and duplexes. summary from their website
Harmon Property Management is a local, family-owned and operated residential property management company serving Wichita, Kansas, and the surrounding area since 2008. summary from their website
Cowboy Property Management offers property management services in Stillwater, OK, with new properties available and a caring management team. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $143,835 |
| Monthly Rent | $846 |
| Price-to-Rent | 14.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 (4.6%). 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 74023
Population: 12,097
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 74023
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
Frequently Asked Questions
What is the smart move for investors in Cushing, OK?
A careful cash-flow rentals with hands-on management strategy Cushing, OK best. The market produces measured results for that approach at the $144K price point.
What is the typical rental rate in Cushing, OK?
Expect rents around $846/mo per month in Cushing, OK. With home values at $144K, the yield math works out to reasonable levels for rental investors.
Does Cushing, OK favor landlords or tenants?
For rental operators, Cushing, OK rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Can I house hack in Cushing, OK?
The house hack math a challenging in Cushing, OK. Owner-occupant buyers benefit from the $846/mo rents and $144K home values.
Are tenants stable in Cushing, OK?
The tenant pool in Cushing, OK is solid, supported by local employment and population fundamentals. Rents of $846/mo are well-absorbed by the market.
You know 74023 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74023 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 74023 ranks in Stillwater, OK
Every ZIP in this metro, ranked. Free.
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