Real Estate Investing in Drumright, Oklahoma (74030)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74030 (Drumright, OK)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 18.4% of homes vacant — above national norms.
- Lower household income: $38,828 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Drumright, OK (74030)?
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Market Analysis: 74030 Drumright
The 74030 ZIP in Drumright, OK is a local-operator market. Outside capital chasing a $117K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 74030 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 74030 among OK's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 74030 includes headwinds that any investor should price in. Income distribution skews lower than Drumright averages, and tenant stability requires active management.
Strategy in 74030 is an operator game, not a passive one. Put differently, entry prices of $117K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Drumright:
Market Trends
Home Value History (with trend line)
📊 How Does 74030 Compare?
| Metric | 74030 | Drumright | Tulsa, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $117,332 | $117,332 | N/A | $214,563 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 5.6% | 5.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74030 (Drumright, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $117,332 |
| Monthly Rent | $846 |
| Price-to-Rent | 11.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.7% |
| Cap Rate | 5.6% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 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 (5.6%). 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 74030
Population: 2,978
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 74030
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
Is housing expensive in Drumright, OK?
In Drumright, OK the median home value sits at $117K. Against the broader OK market, that reads as reasonable for most investors.
Is it easy to find good tenants in Drumright, OK?
Drumright, OK draws a measured base of working renters. Demand at the $846/mo rent level is reasonable for standard single-family and small multi rentals.
How strict are landlord regulations in Drumright, OK?
OK ranks as a landlord-friendly state for landlord-tenant law. Drumright generally follows the statewide framework, so landlords face reasonable operating rules.
Are rents high in Drumright, OK?
The typical rental in Drumright, OK commands about $846/mo monthly. That rent profile stable cash flow against the $117K purchase basis.
Is vacancy a concern in Drumright, OK?
Drumright, OK sees elevated vacancy, which is reasonable relative to the broader OK rental market.
You know 74030 now. You don’t know where it ranks.
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How 74030 ranks in Tulsa, OK
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