Real Estate Investing in Pettit, Oklahoma (74451)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74451 (Pettit, 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: 34.5% 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 Pettit, OK (74451)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74451 Pettit
Looking more closely, ZIP 74451 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $231K median. It rewards specialists, not generalists.
Stepping back, the numbers look inviting — $231K purchase price, 0.0% nominal cap — the work to hit that pro forma in 74451 is substantial and deserves full respect.
Statewide comparisons place 74451 among OK's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 74451 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
leans 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 Pettit:
Property Strategy for 74451
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $150,906 | $1,090 | 5.2% | +10.3% | $75,453 |
| 3BR | $228,178 | $1,400 | 4.4% | +7.6% | $76,059 |
| 4BR | $389,159 | $1,440 | 2.7% | +8.1% | $97,290 |
Market Trends
Home Value History (with trend line)
📊 How Does 74451 Compare?
| Metric | 74451 | Pettit | Tahlequah, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $231,264 | $231,264 | N/A | $214,563 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 6.9% |
| Avg Rent | $981 | $981 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 74451 (Pettit, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $231,264 |
| Monthly Rent | $981 |
| Price-to-Rent | 19.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (3.3%). 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 74451
Population: 3,816
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 74451
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 814 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Pettit in OK worth investing in?
Our data puts Pettit, OK at 3.0/5 for investability. Home prices of $231K and rents around $981/mo create a solid backdrop for investor activity.
How much rent can I charge in Pettit, OK?
Rents in Pettit, OK run near $981/mo. Compared with median home prices of $231K that produces solid gross yields for typical rentals.
How quickly do rentals get leased in Pettit, OK?
Vacancy risk in Pettit, OK is elevated. That supports measured cash flow for typical rental holds.
Is Pettit, OK good for landlords?
Pettit, OK falls under OK landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How do home values compare in Pettit, OK?
In Pettit, OK the median home value sits at $231K. Against the broader OK market, that reads as reasonable for most investors.
You know 74451 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74451 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 74451 ranks in Tahlequah, OK
Every ZIP in this metro, ranked. Free.
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Community Ratings
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