Real Estate Investing in Kansas, Oklahoma (74347)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74347 (Kansas, 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: 17.0% 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 Kansas, OK (74347)?
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Market Analysis: 74347 Kansas
ZIP 74347 in Kansas, OK carries a notable set of headwinds. Home values near $209K and rents of $846/mo sit inside a market where underwriting has to be tight.
Rent of $846/mo on a $209K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 74347 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 74347 among OK's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Looking more closely, 2,513 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. healthy returns are possible in 74347, 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 Kansas:
Market Trends
Home Value History (with trend line)
📊 How Does 74347 Compare?
| Metric | 74347 | Kansas | Oklahoma |
|---|---|---|---|
| Home Value | $208,575 | $208,575 | $214,563 |
| 5-Year CAGR | 7.0% | 7.0% | 6.9% |
| Avg Rent | $846 | $846 | - |
| 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 74347 (Kansas, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $208,575 |
| 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 | 10.2% |
📈 Home Appreciation
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 74347
Population: 2,513
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 74347
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 much should I expect to pay for a home in Kansas, OK?
Typical homes in Kansas, OK go for around $209K. The 5-year CAGR of 0.0% consistent price movement.
What is the smart move for investors in Kansas, OK?
Most investors in Kansas, 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 do landlord-tenant laws work in Kansas, OK?
OK ranks as a landlord-friendly state for landlord-tenant law. Kansas generally follows the statewide framework, so landlords face reasonable operating rules.
Should investors worry about vacancy in Kansas, OK?
Kansas, OK sees elevated vacancy, which is reasonable relative to the broader OK rental market.
What does house hacking look like in Kansas, OK?
For house hackers, Kansas, OK is a challenging. The $846/mo rent on a unit helps defray the mortgage on a $209K property.
You know 74347 now. You don’t know where it ranks.
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