Real Estate Investing in Mounds, Oklahoma (74047)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74047 (Mounds, 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.
- Elevated vacancy: 11.8% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mounds, OK (74047)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74047 Mounds
ZIP 74047 inside Creek County looks affordable on the surface — median value of $279K — but the discount exists for reasons that a careful buyer should understand before committing.
The 74047 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 the broader OK picture, 74047 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 74047 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 74047 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 Mounds:
Property Strategy for 74047
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $162,907 | $1,060 | 4.7% | +8.7% | $81,454 |
| 3BR | $246,505 | $1,420 | 4.1% | +8.6% | $82,168 |
| 4BR | $436,658 | $1,540 | 2.5% | +8.4% | $109,164 |
Market Trends
Home Value History (with trend line)
📊 How Does 74047 Compare?
| Metric | 74047 | Mounds | Tulsa, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $278,915 | $278,915 | N/A | $214,563 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 6.9% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
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 74047 (Mounds, OK). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 74047 (Mounds, OK)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $278,915 |
| Monthly Rent | $954 |
| Price-to-Rent | 24.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (2.7%). 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 74047
Population: 7,451
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 74047
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 Mounds, OK a smart market for rental property?
With a 3.0/5 investability score, Mounds, OK ranks as a solid market for rental property investors. Median prices of $279K and rents of $954/mo drive the underlying numbers.
How much is rent in Mounds, OK?
Rents in Mounds, OK run near $954/mo. Compared with median home prices of $279K that produces solid gross yields for typical rentals.
Are there empty rentals in Mounds, OK?
Mounds, OK sees elevated vacancy, which is reasonable relative to the broader OK rental market.
Which investment style suits Mounds, OK?
Investors usually favor careful cash-flow rentals with hands-on management in Mounds, OK. With home values at $279K and rents near $954/mo, other strategies can work but produce steady rather than outsized returns.
How expensive is real estate in Mounds, OK?
The median home value in Mounds, OK is roughly $279K. That puts it reasonable relative to the OK statewide average.
You know 74047 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74047 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 74047 ranks in Tulsa, OK
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 74047 (Mounds)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 74047 (Mounds, OK).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.