Real Estate Investing in Hominy, Oklahoma (74035)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74035 (Hominy, OK)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.6% of homes vacant — above national norms.
- Declining values: -0.3% 5-year CAGR — values have moved lower.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hominy, OK (74035)?
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Market Analysis: 74035 Hominy
Not every below-median market is a bargain. Hominy's 74035 ZIP posts signals that favor experienced operators who can absorb the risk $112K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 74035 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
On balance, 74035 offers a low basis, the region around Hominy has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 74035 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 74035 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 Hominy:
Property Strategy for 74035
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $63,625 | $940 | 10.6% | +0.6% | $31,813 |
| 3BR | $122,751 | $1,230 | 7.2% | +2.0% | $40,917 |
| 4BR | $190,393 | $1,430 | 5.4% | +2.8% | $47,598 |
Market Trends
Home Value History (with trend line)
📊 How Does 74035 Compare?
| Metric | 74035 | Hominy | Tulsa, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $111,958 | $111,958 | N/A | $214,563 |
| 5-Year CAGR | N/A | N/A | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 5.9% | 5.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74035 (Hominy, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $111,958 |
| Monthly Rent | $846 |
| Price-to-Rent | 11.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.1% |
| Cap Rate | 5.9% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | -0.3% ▼ |
| 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 (5.9%). 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 74035
Population: 4,031
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 74035
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.
Frequently Asked Questions
What is the average home sale price in Hominy, OK?
The median home value in Hominy, OK is roughly $112K. That puts it reasonable relative to the OK statewide average.
Do rentals sit vacant long in Hominy, OK?
Hominy, OK sees elevated vacancy, which is reasonable relative to the broader OK rental market.
How strong is tenant demand in Hominy, OK?
Tenant demand in Hominy, OK is solid. The local workforce $846/mo rents across most rental classes.
Does house hacking make sense in Hominy, OK?
The house hack math a challenging in Hominy, OK. Owner-occupant buyers benefit from the $846/mo rents and $112K home values.
Is Hominy, OK landlord-friendly?
Rental owners in Hominy, OK deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 74035 now. You don’t know where it ranks.
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How 74035 ranks in Tulsa, OK
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