Real Estate Investing in Depew, Oklahoma (74028)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74028 (Depew, 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: 16.4% 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 Depew, OK (74028)?
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Market Analysis: 74028 Depew
Investors eyeing 74028 need to respect the fundamentals at play. Home values of $250K come alongside slower price movement and elevated management overhead.
The 74028 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In practical terms, 74028 offers a low basis, the region around Depew has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 74028 includes headwinds that any investor should price in. Income distribution skews lower than Depew averages, and tenant stability requires active management.
New investors are better served looking at Depew's stable or hybrid ZIPs before stepping into 74028. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Depew:
Market Trends
Home Value History (with trend line)
📊 How Does 74028 Compare?
| Metric | 74028 | Depew | Tulsa, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $249,904 | $249,904 | N/A | $214,563 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74028 (Depew, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $249,904 |
| Monthly Rent | $846 |
| Price-to-Rent | 24.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +10.1% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (2.6%). 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 74028
Population: 1,574
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 74028
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 Depew, OK a good place for real estate investing?
Yes - Depew, OK a 3.0/5 investability score. With $250K home prices against $846/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the average monthly rent in Depew, OK?
Expect rents around $846/mo per month in Depew, OK. With home values at $250K, the yield math works out to reasonable levels for rental investors.
Where do home prices stand in Depew, OK?
Depew, OK home values average about $250K. That price point suits investors targeting rentals with $846/mo in monthly income.
What is it like being a landlord in Depew, OK?
OK law landlord-friendly for landlords, and Depew inherits those rules. Investors should still review local ordinances for rental licensing.
How high is vacancy risk in Depew, OK?
Vacancy risk in Depew, OK is elevated. That supports consistent cash flow for typical rental holds.
You know 74028 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74028 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.
How 74028 ranks in Tulsa, OK
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