Real Estate Investing in Ochelata, Oklahoma (74051)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74051 (Ochelata, OK)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.5% 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 Ochelata, OK (74051)?
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Market Analysis: 74051 Ochelata
ZIP 74051 inside Washington County looks affordable on the surface — median value of $198K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 74051 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader OK picture, 74051 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 74051 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 74051 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 Ochelata:
Market Trends
Home Value History (with trend line)
📊 How Does 74051 Compare?
| Metric | 74051 | Ochelata | Bartlesville, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $197,710 | $197,710 | N/A | $214,563 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 74051 (Ochelata, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $197,710 |
| Monthly Rent | $846 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +16.3% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (3.3%). 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 74051
Population: 1,923
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 74051
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
What is the median home value in Ochelata, OK?
Typical homes in Ochelata, OK go for around $198K. The 5-year CAGR of 0.0% even-keeled price movement.
Does house hacking work in Ochelata, OK?
House hacking works a challenging in Ochelata, OK. Rents of $846/mo against $198K acquisition make the strategy solid for owner-occupants.
How strong is the working-renter base in Ochelata, OK?
Tenant demand in Ochelata, OK is solid. The local workforce $846/mo rents across most rental classes.
What approach is best for Ochelata, OK real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Ochelata, OK. The numbers - $198K homes against $846/mo rents - support that play.
How much rent can I charge in Ochelata, OK?
Rents in Ochelata, OK run near $846/mo. Compared with median home prices of $198K that produces solid gross yields for typical rentals.
You know 74051 now. You don’t know where it ranks.
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