Real Estate Investing in Strang, Oklahoma (74367)
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Should you buy in 74367 (Strang, 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: 19.9% 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 Strang, OK (74367)?
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Market Analysis: 74367 Strang
This part of Mayes is not an easy win. The 74367 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 74367 can be a a credible choice for hunting ground — but the discount at $255K reflects genuine risk that outside investors often underestimate.
From an investor standpoint, 74367 offers a low basis, the region around Strang has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A resilient renter share of 6% in 74367 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 74367 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Strang:
Market Trends
Home Value History (with trend line)
📊 How Does 74367 Compare?
| Metric | 74367 | Strang | Oklahoma |
|---|---|---|---|
| Home Value | $254,845 | $254,845 | $214,563 |
| 5-Year CAGR | 5.4% | 5.4% | 6.9% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 2.7% | 2.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74367 (Strang, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $254,845 |
| Monthly Rent | $882 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (2.7%). 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 74367
Population: 578
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
🎓 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 strong is Strang, OK for real estate investors?
Strang, OK rates 3.0/5 for investability. With median values at $255K and rents near $882/mo, the market offers reasonable fundamentals for rental investors.
What do landlords charge for rent in Strang, OK?
Expect rents around $882/mo per month in Strang, OK. With home values at $255K, the yield math works out to reasonable levels for rental investors.
Is the tenant base reliable in Strang, OK?
Tenant demand in Strang, OK is solid. The local workforce $882/mo rents across most rental classes.
Is vacancy a concern in Strang, OK?
Expect elevated vacancy in Strang, OK. Rents at $882/mo are absorbed by the tenant base without meaningful lag.
Does house hacking work in Strang, OK?
House hacking in Strang, OK is reasonable to execute. Prices around $255K and rents of $882/mo solid owner-occupant economics.
You know 74367 now. You don’t know where it ranks.
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