Real Estate Investing in Cleveland, Oklahoma (74020)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74020 (Cleveland, 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.
- High vacancy: 17.2% 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 Cleveland, OK (74020)?
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Market Analysis: 74020 Cleveland
The 74020 ZIP in Cleveland, OK is a local-operator market. Outside capital chasing a $180K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 74020 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Cleveland have seen price recovery that 74020 has not matched. Pawnee data supports the view that the spread is structural rather than temporary.
A substantial renter share of 26% in 74020 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 74020 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 Cleveland:
Property Strategy for 74020
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $109,818 | $1,020 | 6.7% | +10.8% | $54,909 |
| 3BR | $191,134 | $1,350 | 5.1% | +9.5% | $63,711 |
| 4BR | $279,325 | $1,710 | 4.4% | +8.4% | $69,831 |
Market Trends
Home Value History (with trend line)
📊 How Does 74020 Compare?
| Metric | 74020 | Cleveland | Oklahoma |
|---|---|---|---|
| Home Value | $179,550 | $179,550 | $214,563 |
| 5-Year CAGR | 7.3% | 7.3% | 6.9% |
| Avg Rent | $918 | $918 | - |
| Cap Rate | 4.0% | 4.0% | - |
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 74020 (Cleveland, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $179,550 |
| Monthly Rent | $918 |
| Price-to-Rent | 16.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (4.0%). 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 74020
Population: 7,365
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 74020
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
Where do rents currently stand in Cleveland, OK?
Investors in Cleveland, OK typically see rents near $918/mo per month against $180K home values - a solid setup for rental cash flow.
Is the tenant base reliable in Cleveland, OK?
Tenant demand in Cleveland, OK is solid. The local workforce $918/mo rents across most rental classes.
How should investors approach Cleveland, OK?
Most investors in Cleveland, OK run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is Cleveland, OK a smart market for rental property?
With a 3.0/5 investability score, Cleveland, OK ranks as a solid market for rental property investors. Median prices of $180K and rents of $918/mo drive the underlying numbers.
What price range are homes in Cleveland, OK?
Median home price in Cleveland, OK is near $180K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
You know 74020 now. You don’t know where it ranks.
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