Real Estate Investing in Chouteau, Oklahoma (74337)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74337 (Chouteau, 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: 12.1% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Chouteau, OK (74337)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74337 Chouteau
ZIP 74337 inside Mayes County looks affordable on the surface — median value of $216K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $216K asset, 74337 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Chouteau have seen price recovery that 74337 has not matched. Mayes County data supports the view that the spread is structural rather than temporary.
Employment concentration in 74337 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 74337 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 Chouteau:
Property Strategy for 74337
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $129,699 | $940 | 5.2% | +7.2% | $64,849 |
| 3BR | $220,311 | $1,230 | 4.0% | +7.9% | $73,437 |
| 4BR | $290,527 | $1,410 | 3.5% | +6.5% | $72,632 |
Market Trends
Home Value History (with trend line)
📊 How Does 74337 Compare?
| Metric | 74337 | Chouteau | Tulsa, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $216,439 | $216,439 | N/A | $214,563 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 74337 (Chouteau, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $216,439 |
| Monthly Rent | $846 |
| Price-to-Rent | 21.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (3.1%). 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 74337
Population: 4,874
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 74337
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 818 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do rents currently stand in Chouteau, OK?
Investors in Chouteau, OK typically see rents near $846/mo per month against $216K home values - a solid setup for rental cash flow.
Are tenants stable in Chouteau, OK?
Chouteau, OK draws a even-keeled base of working renters. Demand at the $846/mo rent level is reasonable for standard single-family and small multi rentals.
What is the best play in Chouteau, OK?
For Chouteau, OK, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How tight is the rental market in Chouteau, OK?
Chouteau, OK carries elevated vacancy risk. Expect measured absorption at market rents of $846/mo.
Does house hacking work in Chouteau, OK?
House hacking in Chouteau, OK is reasonable to execute. Prices around $216K and rents of $846/mo solid owner-occupant economics.
You know 74337 now. You don’t know where it ranks.
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How 74337 ranks in Tulsa, OK
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