Real Estate Investing in Fairland, Oklahoma (74343)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74343 (Fairland, 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.
- Elevated vacancy: 11.5% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Fairland, OK (74343)?
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Market Analysis: 74343 Fairland
Not every below-median market is a bargain. Fairland's 74343 ZIP reflects signals that favor experienced operators who can absorb the risk $209K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $209K asset, 74343 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 74343 and stronger Fairland ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 74343 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 74343 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 Fairland:
Property Strategy for 74343
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $137,348 | $940 | 4.9% | +8.0% | $68,674 |
| 3BR | $201,534 | $1,180 | 4.2% | +8.1% | $67,178 |
| 4BR | $288,658 | $1,260 | 3.1% | +8.9% | $72,165 |
Market Trends
Home Value History (with trend line)
📊 How Does 74343 Compare?
| Metric | 74343 | Fairland | Miami, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $209,461 | $209,461 | N/A | $214,563 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 74343 (Fairland, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $209,461 |
| Monthly Rent | $846 |
| Price-to-Rent | 20.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (3.2%). 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 74343
Population: 3,245
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 74343
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
What type of investing works in Fairland, OK?
A careful cash-flow rentals with hands-on management strategy Fairland, OK best. The market produces predictable results for that approach at the $209K price point.
Where do rents currently stand in Fairland, OK?
Investors in Fairland, OK typically see rents near $846/mo per month against $209K home values - a solid setup for rental cash flow.
What is the typical vacancy rate in Fairland, OK?
Occupancy in Fairland, OK runs predictable with elevated vacancy. Well-priced units at $846/mo lease on reasonable timelines.
Is rental property easy to operate in Fairland, OK?
Landlord-friendliness in Fairland, OK is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What kind of tenants rent in Fairland, OK?
Fairland, OK offers a steady renter base at the $846/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 74343 now. You don’t know where it ranks.
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How 74343 ranks in Miami, OK
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