Real Estate Investing in Muskogee, Oklahoma (74403)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74403 (Muskogee, 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: 12.2% of homes vacant — above national norms.
What’s happening in Muskogee, OK (74403)?
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Market Analysis: 74403 Muskogee
ZIP 74403 inside Muskogee County looks affordable on the surface — median value of $160K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $898/mo on a $160K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 74403 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Muskogee have seen price recovery that 74403 has not matched. Muskogee County data supports the view that the spread is structural rather than temporary.
Who lives in 74403 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 74403 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Muskogee:
Property Strategy for 74403
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $47,126 | $770 | 11.8% | +4.5% | $47,126 |
| 2BR | $66,924 | $1,010 | 10.9% | +9.0% | $33,462 |
| 3BR | $171,510 | $1,270 | 5.3% | +8.0% | $57,170 |
| 4BR | $241,026 | $1,560 | 4.7% | +7.5% | $60,257 |
| 5BR | $309,189 | — | — | +6.8% | $61,838 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 74403 Compare?
| Metric | 74403 | Muskogee | Muskogee, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $159,842 | $142,176 | N/A | $214,563 |
| 5-Year CAGR | 6.1% | 5.2% | N/A | 6.9% |
| Avg Rent | $898 | $911 | N/A | - |
| Cap Rate | 4.4% | 5.1% | - | - |
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 74403 (Muskogee, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $159,842 |
| Monthly Rent | $898 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | -4.7% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). 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 74403
Population: 29,199
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 74403
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 1,591 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the median home value in Muskogee, OK?
Muskogee, OK median home values land near $160K. That is reasonable territory for investors looking at $898/mo-per-month rentals.
Are tenants stable in Muskogee, OK?
The tenant pool in Muskogee, OK is solid, supported by local employment and population fundamentals. Rents of $898/mo are well-absorbed by the market.
Is Muskogee, OK a good market for buy-and-hold investors?
Muskogee, OK rates 3.0/5 for investability. With median values at $160K and rents near $898/mo, the market offers reasonable fundamentals for rental investors.
What approach is best for Muskogee, OK real estate?
For Muskogee, OK, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Are landlord laws favorable in Muskogee, OK?
For rental operators, Muskogee, OK rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 74403 now. You don’t know where it ranks.
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How 74403 ranks in Muskogee, OK
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