Real Estate Investing in Perkins, Oklahoma (74059)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74059 (Perkins, 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.
No major risk flags on the data we track.
What’s happening in Perkins, OK (74059)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74059 Perkins
Looking more closely, ZIP 74059 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $224K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 74059 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 74059 among OK's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 74059 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Perkins:
Property Strategy for 74059
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $145,067 | $990 | 4.9% | +6.4% | $72,533 |
| 3BR | $204,573 | $1,370 | 4.8% | +6.4% | $68,191 |
| 4BR | $261,187 | $1,490 | 4.1% | +5.3% | $65,297 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 74059 Compare?
| Metric | 74059 | Perkins | Stillwater, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $223,772 | $212,503 | N/A | $214,563 |
| 5-Year CAGR | 5.7% | 5.3% | N/A | 6.9% |
| Avg Rent | $1,490 | $1,168 | N/A | - |
| Cap Rate | 5.2% | 4.2% | - | - |
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 74059 (Perkins, OK). Anonymous, moderated, never written by AI.
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Property managers serving Payne County
Manage rentals here? List your business →C-Star Management is a leader in property management, offering services for apartments, houses, and duplexes. summary from their website
Harmon Property Management is a local, family-owned and operated residential property management company serving Wichita, Kansas, and the surrounding area since 2008. summary from their website
Cowboy Property Management offers property management services in Stillwater, OK, with new properties available and a caring management team. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $223,772 |
| Monthly Rent | $1,490 |
| Price-to-Rent | 12.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (5.2%). 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 74059
Population: 5,854
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 74059
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
Investor Insight: With 2,823 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What real estate strategy is ideal for Perkins, OK?
For Perkins, OK, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How strong are rents in Perkins, OK?
The typical rental in Perkins, OK commands about $1,490/mo monthly. That rent profile even-keeled cash flow against the $224K purchase basis.
Are renters plentiful in Perkins, OK?
Working renters make up the core of the Perkins, OK tenant base. The pool is reasonable for investors targeting long-term holds.
Is rental property easy to operate in Perkins, OK?
The landlord environment in Perkins, OK is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is Perkins, OK good for house hacking?
The house hack math a challenging in Perkins, OK. Owner-occupant buyers benefit from the $1,490/mo rents and $224K home values.
You know 74059 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74059 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 74059 ranks in Stillwater, OK
Every ZIP in this metro, ranked. Free.
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