Real Estate Investing in Ripley, Oklahoma (74062)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74062 (Ripley, 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: 18.1% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ripley, OK (74062)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74062 Ripley
Looking more closely, ZIP 74062 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $182K median. It rewards specialists, not generalists.
Turning to rents, the numbers look inviting — $182K purchase price, 0.0% nominal cap — the work to hit that pro forma in 74062 is substantial and deserves full respect.
Statewide comparisons place 74062 among OK's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 74062 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 74062 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 Ripley:
Market Trends
Home Value History (with trend line)
📊 How Does 74062 Compare?
| Metric | 74062 | Ripley | Stillwater, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $182,310 | $182,310 | N/A | $214,563 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
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 74062 (Ripley, 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 | $182,310 |
| Monthly Rent | $846 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (3.6%). 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 74062
Population: 770
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 74062
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 kind of market is Ripley, OK for investors?
Investors tracking Ripley, OK will find a 3.0/5 rating supported by $182K median home values and $846/mo rents. That profile suits long-term holders targeting reliable returns.
Should investors worry about vacancy in Ripley, OK?
Vacancy in Ripley, OK is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $846/mo.
Which investment style suits Ripley, OK?
Investors usually favor careful cash-flow rentals with hands-on management in Ripley, OK. With home values at $182K and rents near $846/mo, other strategies can work but produce measured rather than outsized returns.
How strong is the working-renter base in Ripley, OK?
Tenant demand in Ripley, OK is solid. The local workforce $846/mo rents across most rental classes.
What is the typical rental rate in Ripley, OK?
The typical rental in Ripley, OK commands about $846/mo monthly. That rent profile reliable cash flow against the $182K purchase basis.
You know 74062 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74062 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 74062 ranks in Stillwater, OK
Every ZIP in this metro, ranked. Free.
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