Real Estate Investing in Grove, Oklahoma (74344)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74344 (Grove, 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: 24.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 28.3 — 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 Grove, OK (74344)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74344 Grove
The 74344 ZIP covers a section of Grove that demands careful diligence. Prices near $300K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $300K asset, 74344 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Grove have seen price recovery that 74344 has not matched. Delaware County data supports the view that the spread is structural rather than temporary.
Employment concentration in 74344 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. resilient returns are possible in 74344, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Grove:
Property Strategy for 74344
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $206,478 | $980 | 3.4% | +9.5% | $103,239 |
| 3BR | $298,483 | $1,240 | 3.0% | +9.5% | $99,494 |
| 4BR | $484,141 | $1,380 | 2.1% | +8.4% | $121,035 |
| 5BR | $774,093 | — | — | +7.4% | $154,819 |
Market Trends
Home Value History (with trend line)
📊 How Does 74344 Compare?
| Metric | 74344 | Grove | Oklahoma |
|---|---|---|---|
| Home Value | $299,905 | $299,905 | $214,563 |
| 5-Year CAGR | 5.4% | 5.4% | 6.9% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 2.3% | 2.3% | - |
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 74344 (Grove, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $299,905 |
| Monthly Rent | $882 |
| Price-to-Rent | 28.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (2.3%). 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 74344
Population: 14,386
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 74344
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
How should investors approach Grove, OK?
Most investors in Grove, OK run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How much should I expect to pay for a home in Grove, OK?
Typical homes in Grove, OK go for around $300K. The 5-year CAGR of 0.0% stable price movement.
What is the average monthly rent in Grove, OK?
Rent in Grove, OK is around $882/mo. The resulting rent-to-value relationship with $300K pricing is reasonable for most investor models.
Should investors worry about vacancy in Grove, OK?
Vacancy in Grove, OK is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $882/mo.
How landlord-friendly is Grove, OK?
The landlord environment in Grove, OK is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 74344 now. You don’t know where it ranks.
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