Real Estate Investing in Sand Springs, Oklahoma (74063)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74063 (Sand Springs, 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 Sand Springs, OK (74063)?
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Market Analysis: 74063 Sand Springs
Not every below-median market is a bargain. Sand Springs's 74063 ZIP stands at signals that favor experienced operators who can absorb the risk $238K pricing implies.
The investment case in 74063 is robust only for operators who understand what they are buying. A $238K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Sand Springs have seen price recovery that 74063 has not matched. Tulsa County data supports the view that the spread is structural rather than temporary.
A solid renter share of 20% in 74063 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 74063 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 Sand Springs:
Property Strategy for 74063
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $147,610 | $1,180 | 5.8% | +9.9% | $73,805 |
| 3BR | $231,836 | $1,550 | 4.8% | +8.1% | $77,279 |
| 4BR | $339,626 | $1,800 | 3.8% | +6.9% | $84,907 |
| 5BR | $457,444 | — | — | +7.2% | $91,489 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 74063 Compare?
| Metric | 74063 | Sand Springs | Tulsa, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $237,881 | $237,881 | N/A | $214,563 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 6.9% |
| Avg Rent | $1,252 | $1,252 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
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 74063 (Sand Springs, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $237,881 |
| Monthly Rent | $1,252 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | -5.9% ▼ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). 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 74063
Population: 31,007
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 74063
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 3,605 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Sand Springs, OK rate as a rental market?
Yes - Sand Springs, OK a 3.0/5 investability score. With $238K home prices against $1,252/mo monthly rent, the market delivers a reasonable entry point for new investors.
How much should I expect to pay for a home in Sand Springs, OK?
Median home price in Sand Springs, OK is near $238K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
What monthly rent should investors expect in Sand Springs, OK?
Expect rents around $1,252/mo per month in Sand Springs, OK. With home values at $238K, the yield math works out to reasonable levels for rental investors.
What investment strategy works best in Sand Springs, OK?
The best-fit strategy in Sand Springs, OK is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How strict are landlord regulations in Sand Springs, OK?
OK ranks as a landlord-friendly state for landlord-tenant law. Sand Springs generally follows the statewide framework, so landlords face reasonable operating rules.
You know 74063 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74063 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 74063 ranks in Tulsa, OK
Every ZIP in this metro, ranked. Free.
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