Real Estate Investing in Langley, Oklahoma (74350)
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Should you buy in 74350 (Langley, 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: 39.9% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Langley, OK (74350)?
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Market Analysis: 74350 Langley
The 74350 ZIP in Langley, OK is a local-operator market. Outside capital chasing a $208K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $208K asset, 74350 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 74350 and stronger Langley ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A resilient renter share of 27% in 74350 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 74350 is an operator game, not a passive one. Stepping back, entry prices of $208K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Langley:
Market Trends
Home Value History (with trend line)
📊 How Does 74350 Compare?
| Metric | 74350 | Langley | Oklahoma |
|---|---|---|---|
| Home Value | $207,522 | $207,522 | $214,563 |
| 5-Year CAGR | 4.3% | 4.3% | 6.9% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 3.2% | 3.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74350 (Langley, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $207,522 |
| Monthly Rent | $846 |
| Price-to-Rent | 20.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 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 74350
Population: 689
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
Frequently Asked Questions
Is real estate in Langley, OK a good investment right now?
Langley, OK rates 3.0/5 for investability. With median values at $208K and rents near $846/mo, the market offers reasonable fundamentals for rental investors.
Is the tenant base reliable in Langley, OK?
Tenant demand in Langley, OK is solid. The local workforce $846/mo rents across most rental classes.
Do landlords face vacancy issues in Langley, OK?
Rental vacancy in Langley, OK is elevated. Investors should budget normal turnover but not chronic empty units.
Is Langley, OK a friendly market for rental owners?
Langley, OK falls under OK landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What are rental rates like in Langley, OK?
Rental rates in Langley, OK average $846/mo. Tenant demand and $208K home values make the yield look reasonable by investor standards.
You know 74350 now. You don’t know where it ranks.
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