Real Estate Investing in Cleora, Oklahoma (74331)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74331 (Cleora, 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: 47.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 32.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cleora, OK (74331)?
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Market Analysis: 74331 Cleora
ZIP 74331 inside Delaware County looks affordable on the surface — median value of $367K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 74331 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 74331's metrics run below Delaware County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 74331 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.
The 74331 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 Cleora:
Property Strategy for 74331
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $265,946 | $1,060 | 2.9% | +11.1% | $132,973 |
| 3BR | $413,211 | $1,340 | 2.3% | +10.7% | $137,737 |
| 4BR | $694,573 | $1,470 | 1.5% | +9.4% | $173,643 |
Market Trends
Home Value History (with trend line)
📊 How Does 74331 Compare?
| Metric | 74331 | Cleora | Miami, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $366,769 | $366,769 | N/A | $214,563 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 6.9% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 2.0% | 2.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74331 (Cleora, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $366,769 |
| Monthly Rent | $954 |
| Price-to-Rent | 32.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (2.0%). 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 74331
Population: 7,110
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 74331
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
What are rental rates like in Cleora, OK?
Rents in Cleora, OK run near $954/mo. Compared with median home prices of $367K that produces solid gross yields for typical rentals.
What is the tenant pool like in Cleora, OK?
Cleora, OK draws a stable base of working renters. Demand at the $954/mo rent level is reasonable for standard single-family and small multi rentals.
What kind of market is Cleora, OK for investors?
Cleora, OK scores 3.0/5 for investability. Home values sit at $367K and rents near $954/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How do home values compare in Cleora, OK?
The median home value in Cleora, OK is roughly $367K. That puts it reasonable relative to the OK statewide average.
What kind of vacancy should I budget for in Cleora, OK?
Expect elevated vacancy in Cleora, OK. Rents at $954/mo are absorbed by the tenant base without meaningful lag.
You know 74331 now. You don’t know where it ranks.
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How 74331 ranks in Miami, OK
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