Real Estate Investing in Miami, Oklahoma (74354)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74354 (Miami, OK)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.2% 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 Miami, OK (74354)?
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Market Analysis: 74354 Miami
Not every below-median market is a bargain. Miami's 74354 ZIP posts signals that favor experienced operators who can absorb the risk $132K pricing implies.
In practical terms, the numbers look inviting — $132K purchase price, 0.0% nominal cap — the work to hit that pro forma in 74354 is substantial and deserves full respect.
Within OK, ZIP 74354 trails on several market indicators that neighboring Ottawa County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Resident income in 74354 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Miami:
Property Strategy for 74354
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $47,594 | $760 | 11.5% | +3.2% | $47,594 |
| 2BR | $69,986 | $1,000 | 10.3% | +7.5% | $34,993 |
| 3BR | $135,066 | $1,260 | 6.7% | +6.8% | $45,022 |
| 4BR | $230,012 | $1,320 | 4.1% | +7.3% | $57,503 |
| 5BR | $294,552 | — | — | +7.1% | $58,910 |
Market Trends
Home Value History (with trend line)
📊 How Does 74354 Compare?
| Metric | 74354 | Miami | Miami, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $132,100 | $132,100 | N/A | $214,563 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 6.9% |
| Avg Rent | $900 | $900 | N/A | - |
| Cap Rate | 5.3% | 5.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74354 (Miami, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $132,100 |
| Monthly Rent | $900 |
| Price-to-Rent | 12.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.2% |
| Cap Rate | 5.3% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +9.1% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (5.3%). 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 74354
Population: 16,972
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 74354
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
Is Miami, OK a good market for buy-and-hold investors?
Miami, OK rates 3.0/5 for investability. With median values at $132K and rents near $900/mo, the market offers reasonable fundamentals for rental investors.
How much does a house cost in Miami, OK?
The median home value in Miami, OK is roughly $132K. That puts it reasonable relative to the OK statewide average.
Is vacancy a concern in Miami, OK?
Occupancy in Miami, OK runs reliable with elevated vacancy. Well-priced units at $900/mo lease on reasonable timelines.
What strategy should investors use in Miami, OK?
In Miami, OK the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $132K prices and $900/mo rents suits that approach.
Where do rents currently stand in Miami, OK?
Rent in Miami, OK is around $900/mo. The resulting rent-to-value relationship with $132K pricing is reasonable for most investor models.
You know 74354 now. You don’t know where it ranks.
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How 74354 ranks in Miami, OK
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