Real Estate Investing in Indianola, Oklahoma (74442)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74442 (Indianola, 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: 15.3% 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 Indianola, OK (74442)?
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Market Analysis: 74442 Indianola
Not every below-median market is a bargain. Indianola's 74442 ZIP shows signals that favor experienced operators who can absorb the risk $207K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 74442 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 74442's metrics run below Pittsburg County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 74442 ZIP's population of 721 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Strategy in 74442 is an operator game, not a passive one. Looking more closely, entry prices of $207K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Indianola:
Market Trends
Home Value History (with trend line)
📊 How Does 74442 Compare?
| Metric | 74442 | Indianola | McAlester, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $206,659 | $206,659 | N/A | $214,563 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 6.9% |
| Avg Rent | $909 | $909 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74442 (Indianola, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $206,659 |
| Monthly Rent | $909 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 74442
Population: 721
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 74442
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 housing expensive in Indianola, OK?
Indianola, OK median home values land near $207K. That is reasonable territory for investors looking at $909/mo-per-month rentals.
What monthly rent should investors expect in Indianola, OK?
Average rent in Indianola, OK is approximately $909/mo per month. Against $207K home values that yields a reasonable rent-to-price ratio.
How qualified is the tenant pool in Indianola, OK?
Expect a solid tenant pool in Indianola, OK. The rental market absorbs $909/mo rents without meaningful friction.
Are landlord laws favorable in Indianola, OK?
Rental owners in Indianola, OK deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Does a duplex house hack pencil in Indianola, OK?
For house hackers, Indianola, OK is a challenging. The $909/mo rent on a unit helps defray the mortgage on a $207K property.
You know 74442 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74442 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.
How 74442 ranks in McAlester, OK
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