Real Estate Investing in Salina, Oklahoma (74365)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74365 (Salina, 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: 19.2% 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 Salina, OK (74365)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74365 Salina
Stepping back, ZIP 74365 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $197K median. It rewards specialists, not generalists.
For an experienced owner, 74365 can be a a credible choice for hunting ground — but the discount at $197K reflects genuine risk that outside investors often underestimate.
Within OK, ZIP 74365 trails on several market indicators that neighboring Mayes County submarkets outperform. The gap is real and durable enough to shape underwriting.
From a cash-flow lens, 4,473 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.
seems 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 Salina:
Property Strategy for 74365
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $142,210 | $940 | 4.8% | +6.6% | $71,105 |
| 3BR | $203,457 | $1,220 | 4.3% | +7.3% | $67,819 |
Market Trends
Home Value History (with trend line)
📊 How Does 74365 Compare?
| Metric | 74365 | Salina | Oklahoma |
|---|---|---|---|
| Home Value | $196,687 | $196,687 | $214,563 |
| 5-Year CAGR | 4.5% | 4.5% | 6.9% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 3.4% | 3.4% | - |
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 74365 (Salina, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $196,687 |
| Monthly Rent | $846 |
| Price-to-Rent | 19.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (3.4%). 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 74365
Population: 4,473
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 74365
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
Investor Insight: With 818 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do experienced investors play Salina, OK?
The best-fit strategy in Salina, OK is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Are there empty rentals in Salina, OK?
Vacancy in Salina, OK is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $846/mo.
Is Salina, OK landlord-friendly?
OK ranks as a landlord-friendly state for landlord-tenant law. Salina generally follows the statewide framework, so landlords face reasonable operating rules.
What does house hacking look like in Salina, OK?
The a challenging house-hack environment in Salina, OK reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the typical rental rate in Salina, OK?
The typical rental in Salina, OK commands about $846/mo monthly. That rent profile steady cash flow against the $197K purchase basis.
You know 74365 now. You don’t know where it ranks.
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