Real Estate Investing in Jennings, Oklahoma (74038)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74038 (Jennings, 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: 14.6% 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 Jennings, OK (74038)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74038 Jennings
ZIP 74038 inside Creek looks affordable on the surface — median value of $228K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,053/mo on a $228K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 74038 sits below the stated 0.0% once reality is priced in.
Within OK, ZIP 74038 trails on several market indicators that neighboring Creek submarkets outperform. The gap is real and solid enough to shape underwriting.
The demographic picture in 74038 includes headwinds that any investor should price in. Income distribution skews lower than Jennings averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 74038 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Jennings:
Market Trends
Home Value History (with trend line)
📊 How Does 74038 Compare?
| Metric | 74038 | Jennings | Oklahoma |
|---|---|---|---|
| Home Value | $228,219 | $228,219 | $214,563 |
| 5-Year CAGR | 4.7% | 4.7% | 6.9% |
| Avg Rent | $1,053 | $1,053 | - |
| Cap Rate | 3.6% | 3.6% | - |
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 74038 (Jennings, OK). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 74038 (Jennings, OK)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $228,219 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +9.9% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (3.6%). 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 74038
Population: 2,204
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 74038
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 much should I expect to pay for a home in Jennings, OK?
Expect median prices around $228K in Jennings, OK. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
What are vacancy rates like in Jennings, OK?
Vacancy in Jennings, OK is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,053/mo.
Is Jennings, OK a good market for buy-and-hold investors?
Investors tracking Jennings, OK will find a 3.0/5 rating supported by $228K median home values and $1,053/mo rents. That profile suits long-term holders targeting reliable returns.
Does house hacking work in Jennings, OK?
House hacking in Jennings, OK is reasonable to execute. Prices around $228K and rents of $1,053/mo solid owner-occupant economics.
What is the tenant pool like in Jennings, OK?
Expect a solid tenant pool in Jennings, OK. The rental market absorbs $1,053/mo rents without meaningful friction.
You know 74038 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74038 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.
AI Market Advisor
Ask questions about investing in 74038 (Jennings)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 74038 (Jennings, OK).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.