Real Estate Investing in Okmulgee, Oklahoma (74447)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74447 (Okmulgee, OK)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.0% of homes vacant — above national norms.
- 1-year downturn: Values declined 5.0% in the last year.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Okmulgee, OK (74447)?
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Market Analysis: 74447 Okmulgee
ZIP 74447 in Okmulgee, OK carries a healthy set of headwinds. Home values near $101K and rents of $846/mo sit inside a market where underwriting has to be tight.
On balance, the numbers look inviting — $101K purchase price, 0.0% nominal cap — the work to hit that pro forma in 74447 is substantial and deserves full respect.
In the broader OK picture, 74447 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 74447 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 74447 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 Okmulgee:
Property Strategy for 74447
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $57,464 | $940 | 11.8% | +5.5% | $28,732 |
| 3BR | $127,098 | $1,280 | 7.3% | +9.2% | $42,366 |
| 4BR | $197,487 | $1,290 | 4.7% | +8.0% | $49,372 |
Market Trends
Home Value History (with trend line)
📊 How Does 74447 Compare?
| Metric | 74447 | Okmulgee | Tulsa, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $101,123 | $101,123 | N/A | $214,563 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 6.5% | 6.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74447 (Okmulgee, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $101,123 |
| Monthly Rent | $846 |
| Price-to-Rent | 10.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.0% |
| Cap Rate | 6.5% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | -5.0% ▼ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.5%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 74447
Population: 15,500
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 74447
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
Is Okmulgee, OK a good market for buy-and-hold investors?
Okmulgee, OK scores 3.0/5 for investability. Home values sit at $101K and rents near $846/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are there empty rentals in Okmulgee, OK?
Okmulgee, OK carries elevated vacancy risk. Expect predictable absorption at market rents of $846/mo.
What is it like being a landlord in Okmulgee, OK?
Landlord-friendliness in Okmulgee, OK is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is the tenant base reliable in Okmulgee, OK?
Okmulgee, OK offers a measured renter base at the $846/mo rent level. Tenant turnover is reasonable for well-managed properties.
What do landlords charge for rent in Okmulgee, OK?
The typical rental in Okmulgee, OK commands about $846/mo monthly. That rent profile consistent cash flow against the $101K purchase basis.
You know 74447 now. You don’t know where it ranks.
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How 74447 ranks in Tulsa, OK
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