Real Estate Investing in Kellyville, Oklahoma (74039)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74039 (Kellyville, OK)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.9% 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 Kellyville, OK (74039)?
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Market Analysis: 74039 Kellyville
ZIP 74039 in Kellyville, OK carries a notable set of headwinds. Home values near $228K and rents of $990/mo sit inside a market where underwriting has to be tight.
Rent of $990/mo on a $228K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 74039 sits below the stated 0.0% once reality is priced in.
Looking more closely, 74039 offers a low basis, the region around Kellyville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 74039 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 74039 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Kellyville:
Market Trends
Home Value History (with trend line)
📊 How Does 74039 Compare?
| Metric | 74039 | Kellyville | Oklahoma |
|---|---|---|---|
| Home Value | $228,291 | $228,291 | $214,563 |
| 5-Year CAGR | 3.5% | 3.5% | 6.9% |
| Avg Rent | $990 | $990 | - |
| Cap Rate | 3.4% | 3.4% | - |
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 74039 (Kellyville, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $228,291 |
| Monthly Rent | $990 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (3.4%). 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 74039
Population: 3,961
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 74039
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
Are homes affordable in Kellyville, OK?
Kellyville, OK home values average about $228K. That price point suits investors targeting rentals with $990/mo in monthly income.
What does house hacking look like in Kellyville, OK?
The a challenging house-hack environment in Kellyville, OK reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Kellyville, OK landlord-friendly?
OK law landlord-friendly for landlords, and Kellyville inherits those rules. Investors should still review local ordinances for rental licensing.
What do rentals go for in Kellyville, OK?
Rental rates in Kellyville, OK average $990/mo. Tenant demand and $228K home values make the yield look reasonable by investor standards.
Are tenants stable in Kellyville, OK?
Kellyville, OK draws a consistent base of working renters. Demand at the $990/mo rent level is reasonable for standard single-family and small multi rentals.
You know 74039 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74039 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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