Real Estate Investing in Peggs, Oklahoma (74452)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74452 (Peggs, 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: 22.2% 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 Peggs, OK (74452)?
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Market Analysis: 74452 Peggs
The 74452 ZIP in Peggs, OK is a local-operator market. Outside capital chasing a $199K entry has to pair deep knowledge with the discount.
Put differently, the numbers look inviting — $199K purchase price, 0.0% nominal cap — the work to hit that pro forma in 74452 is substantial and deserves full respect.
Within OK, ZIP 74452 trails on several market indicators that neighboring Cherokee County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Meanwhile, 306 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 74452 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Peggs:
Market Trends
Home Value History (with trend line)
📊 How Does 74452 Compare?
| Metric | 74452 | Peggs | Tahlequah, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $198,602 | $198,602 | N/A | $214,563 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 6.9% |
| Avg Rent | $882 | $882 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74452 (Peggs, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $198,602 |
| Monthly Rent | $882 |
| Price-to-Rent | 18.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +11.6% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 74452
Population: 306
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 74452
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.
Frequently Asked Questions
How strong is Peggs, OK for real estate investors?
Peggs, OK rates 3.0/5 for investability. With median values at $199K and rents near $882/mo, the market offers reasonable fundamentals for rental investors.
How strict are landlord regulations in Peggs, OK?
Peggs, OK operates under OK law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
What is the rental occupancy rate in Peggs, OK?
Peggs, OK vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is it easy to find good tenants in Peggs, OK?
The renter base in Peggs, OK is reasonable for the $882/mo price point. Screening well and pricing to market typically yields consistent tenants.
What is the average monthly rent in Peggs, OK?
Rent in Peggs, OK is around $882/mo. The resulting rent-to-value relationship with $199K pricing is reasonable for most investor models.
You know 74452 now. You don’t know where it ranks.
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How 74452 ranks in Tahlequah, OK
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