Real Estate Investing in Morris, Oklahoma (74445)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74445 (Morris, 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: 15.4% 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 Morris, OK (74445)?
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Market Analysis: 74445 Morris
On the rental side, ZIP 74445 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $193K median. It rewards specialists, not generalists.
The 74445 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 74445 sits on the difficult end of the OK spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 74445 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
looks 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 Morris:
Market Trends
Home Value History (with trend line)
📊 How Does 74445 Compare?
| Metric | 74445 | Morris | Tulsa, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $192,723 | $192,723 | N/A | $214,563 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 6.9% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
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 74445 (Morris, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $192,723 |
| Monthly Rent | $864 |
| Price-to-Rent | 18.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | -0.7% ▼ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (3.5%). 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 74445
Population: 3,027
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 74445
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 577 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Morris, OK make sense for an investment property?
The 3.0/5 investability rating in Morris, OK reflects its $193K prices and $864/mo rents. Investors generally consider it a solid option within OK.
How high is vacancy risk in Morris, OK?
Vacancy risk in Morris, OK is elevated. That supports measured cash flow for typical rental holds.
How much should I expect to pay for a home in Morris, OK?
Expect median prices around $193K in Morris, OK. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
What is the typical renter like in Morris, OK?
Morris, OK offers a stable renter base at the $864/mo rent level. Tenant turnover is reasonable for well-managed properties.
Are rents high in Morris, OK?
Rents in Morris, OK run near $864/mo. Compared with median home prices of $193K that produces solid gross yields for typical rentals.
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How 74445 ranks in Tulsa, OK
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