Real Estate Investing in Dewey, Oklahoma (74029)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74029 (Dewey, OK)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 18.2% 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 Dewey, OK (74029)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74029 Dewey
Not every below-median market is a bargain. Dewey's 74029 ZIP records signals that favor experienced operators who can absorb the risk $146K pricing implies.
For an experienced owner, 74029 can be a an appealing option for hunting ground — but the discount at $146K reflects genuine risk that outside investors often underestimate.
Within OK, ZIP 74029 trails on several market indicators that neighboring Washington County submarkets outperform. The gap is real and significant enough to shape underwriting.
Who lives in 74029 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 74029 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Dewey:
Property Strategy for 74029
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $69,570 | $940 | 9.7% | +7.8% | $34,785 |
| 3BR | $144,962 | $1,300 | 6.5% | +8.8% | $48,321 |
| 4BR | $248,348 | $1,330 | 3.9% | +8.8% | $62,087 |
Market Trends
Home Value History (with trend line)
📊 How Does 74029 Compare?
| Metric | 74029 | Dewey | Bartlesville, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $146,159 | $146,159 | N/A | $214,563 |
| 5-Year CAGR | 8.1% | 8.1% | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 4.5% | 4.5% | - | - |
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 74029 (Dewey, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $146,159 |
| Monthly Rent | $846 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.5% |
| 5-Year IRR | 12.6% |
📈 Home Appreciation
| 1-Year | +14.0% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (4.5%). 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 74029
Population: 5,270
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 74029
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
How does Dewey, OK stack up for property investment?
Dewey, OK scores 3.0/5 for investability. Home values sit at $146K and rents near $846/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are rents high in Dewey, OK?
Investors in Dewey, OK typically see rents near $846/mo per month against $146K home values - a solid setup for rental cash flow.
What price range are homes in Dewey, OK?
Typical homes in Dewey, OK go for around $146K. The 5-year CAGR of 0.0% consistent price movement.
Should investors worry about vacancy in Dewey, OK?
Rental vacancy in Dewey, OK is elevated. Investors should budget normal turnover but not chronic empty units.
What is the renter demographic in Dewey, OK?
Expect a solid tenant pool in Dewey, OK. The rental market absorbs $846/mo rents without meaningful friction.
You know 74029 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74029 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.
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Community Ratings
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