Real Estate Investing in Colcord, Oklahoma (74338)
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Should you buy in 74338 (Colcord, 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: 16.8% 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 Colcord, OK (74338)?
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Market Analysis: 74338 Colcord
Not every below-median market is a bargain. Colcord's 74338 ZIP clocks in at signals that favor experienced operators who can absorb the risk $246K pricing implies.
The investment case in 74338 is substantial only for operators who understand what they are buying. A $246K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 74338 sits on the difficult end of the OK spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
A durable renter share of 26% in 74338 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 74338 is an operator game, not a passive one. From an investor standpoint, entry prices of $246K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Colcord:
Market Trends
Home Value History (with trend line)
📊 How Does 74338 Compare?
| Metric | 74338 | Colcord | Oklahoma |
|---|---|---|---|
| Home Value | $246,452 | $246,452 | $214,563 |
| 5-Year CAGR | 5.2% | 5.2% | 6.9% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 2.7% | 2.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74338 (Colcord, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $246,452 |
| Monthly Rent | $846 |
| Price-to-Rent | 24.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 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 (2.7%). 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 74338
Population: 5,306
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 74338
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
Frequently Asked Questions
How do home values compare in Colcord, OK?
Homes in Colcord, OK typically sell near $246K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
How landlord-friendly is Colcord, OK?
Landlord-friendliness in Colcord, OK is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Are renters plentiful in Colcord, OK?
Colcord, 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 rental occupancy rate in Colcord, OK?
Colcord, OK vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Can I house hack in Colcord, OK?
Colcord, OK offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $846/mo rent level.
You know 74338 now. You don’t know where it ranks.
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