Real Estate Investing in Stillwater, Oklahoma (74074)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74074 (Stillwater, OK)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.1% of homes vacant — above national norms.
What’s happening in Stillwater, OK (74074)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74074 Stillwater
Not every below-median market is a bargain. Stillwater's 74074 ZIP records signals that favor experienced operators who can absorb the risk $278K pricing implies.
In practical terms, the numbers look inviting — $278K purchase price, 0.0% nominal cap — the work to hit that pro forma in 74074 is substantial and deserves full respect.
In the broader OK picture, 74074 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A resilient renter share of 52% in 74074 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Stillwater's stable or hybrid ZIPs before stepping into 74074. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Stillwater:
Property Strategy for 74074
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $143,193 | $940 | 4.7% | +9.2% | $143,193 |
| 2BR | $147,758 | $1,150 | 5.6% | +7.8% | $73,879 |
| 3BR | $252,201 | $1,600 | 4.6% | +6.2% | $84,067 |
| 4BR | $376,341 | $1,740 | 3.3% | +5.5% | $94,085 |
| 5BR | $555,631 | — | — | +5.8% | $111,126 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 74074 Compare?
| Metric | 74074 | Stillwater | Stillwater, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $278,420 | $134,596 | N/A | $214,563 |
| 5-Year CAGR | 4.9% | 5.2% | N/A | 6.9% |
| Avg Rent | $1,351 | $1,410 | N/A | - |
| Cap Rate | 3.8% | 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 74074 (Stillwater, 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 | $278,420 |
| Monthly Rent | $1,351 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | -0.7% ▼ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 74074
Population: 31,934
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 74074
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
Should investors consider Stillwater, OK?
With a 3.0/5 investability score, Stillwater, OK ranks as a solid market for rental property investors. Median prices of $278K and rents of $1,351/mo drive the underlying numbers.
Is housing expensive in Stillwater, OK?
Stillwater, OK median home values land near $278K. That is reasonable territory for investors looking at $1,351/mo-per-month rentals.
What real estate strategy is ideal for Stillwater, OK?
Stillwater, OK investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($278K prices, $1,351/mo rents) make it a reasonable choice.
Do landlords face vacancy issues in Stillwater, OK?
Expect elevated vacancy in Stillwater, OK. Rents at $1,351/mo are absorbed by the tenant base without meaningful lag.
What is it like being a landlord in Stillwater, OK?
OK law landlord-friendly for landlords, and Stillwater inherits those rules. Investors should still review local ordinances for rental licensing.
You know 74074 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74074 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 74074 ranks in Stillwater, OK
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