Real Estate Investing in Checotah, Oklahoma (74426)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74426 (Checotah, 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: 34.4% 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 Checotah, OK (74426)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74426 Checotah
The 74426 ZIP covers a section of Checotah that demands careful diligence. Prices near $181K look accessible, but the work to make a deal cash flow is real.
The investment case in 74426 is sturdy only for operators who understand what they are buying. A $181K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Checotah have seen price recovery that 74426 has not matched. McIntosh County data supports the view that the spread is structural rather than temporary.
The demographic picture in 74426 includes headwinds that any investor should price in. Income distribution skews lower than Checotah averages, and tenant stability requires active management.
Strategically, 74426 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Checotah:
Property Strategy for 74426
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $126,278 | $940 | 5.4% | +8.2% | $63,139 |
| 3BR | $191,760 | $1,300 | 4.9% | +9.4% | $63,920 |
| 4BR | $267,194 | $1,350 | 3.6% | +8.7% | $66,798 |
Market Trends
Home Value History (with trend line)
📊 How Does 74426 Compare?
| Metric | 74426 | Checotah | Oklahoma |
|---|---|---|---|
| Home Value | $181,323 | $181,323 | $214,563 |
| 5-Year CAGR | 6.5% | 6.5% | 6.9% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 3.6% | 3.6% | - |
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 74426 (Checotah, OK). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 74426 (Checotah, OK)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $181,323 |
| Monthly Rent | $846 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (3.6%). 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 74426
Population: 9,482
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 74426
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 690 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does house hacking make sense in Checotah, OK?
House hacking in Checotah, OK is reasonable to execute. Prices around $181K and rents of $846/mo solid owner-occupant economics.
How does Checotah, OK stack up for property investment?
Yes - Checotah, OK a 3.0/5 investability score. With $181K home prices against $846/mo monthly rent, the market delivers a reasonable entry point for new investors.
Where do home prices stand in Checotah, OK?
Checotah, OK home values average about $181K. That price point suits investors targeting rentals with $846/mo in monthly income.
How landlord-friendly is Checotah, OK?
The landlord environment in Checotah, OK is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How quickly do rentals get leased in Checotah, OK?
Vacancy risk in Checotah, OK is elevated. That supports consistent cash flow for typical rental holds.
You know 74426 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74426 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
AI Market Advisor
Ask questions about investing in 74426 (Checotah)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 74426 (Checotah, OK).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.