Real Estate Investing in Welling, Oklahoma (74471)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74471 (Welling, 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: 21.2% of homes vacant — above national norms.
- Elevated poverty: 23.4% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Welling, OK (74471)?
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Market Analysis: 74471 Welling
The 74471 ZIP in Welling, OK is a local-operator market. Outside capital chasing a $211K entry has to pair deep knowledge with the discount.
Rent of $846/mo on a $211K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 74471 sits below the stated 0.0% once reality is priced in.
Regionally, 74471 sits on the difficult end of the OK spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 74471 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 74471 is an operator game, not a passive one. Looking more closely, entry prices of $211K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Welling:
Market Trends
Home Value History (with trend line)
📊 How Does 74471 Compare?
| Metric | 74471 | Welling | Tahlequah, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $210,902 | $210,902 | N/A | $214,563 |
| 5-Year CAGR | 7.2% | 7.2% | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 74471 (Welling, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $210,902 |
| Monthly Rent | $846 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +14.9% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 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 (3.1%). 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 74471
Population: 1,499
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 74471
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
How much does a house cost in Welling, OK?
In Welling, OK the median home value sits at $211K. Against the broader OK market, that reads as reasonable for most investors.
What is the investability score for Welling, OK?
Welling, OK reflects an investability rating of 3.0/5, with median home values near $211K and average rents around $846/mo. That combination puts it in the durable tier for investor interest.
How deep is the rental pool in Welling, OK?
The tenant pool in Welling, OK is solid, supported by local employment and population fundamentals. Rents of $846/mo are well-absorbed by the market.
Are landlord laws favorable in Welling, OK?
Welling, OK operates under OK law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
Can I live-in-and-rent in Welling, OK?
House hacking in Welling, OK is a challenging. With home values around $211K and rents at $846/mo, owner-occupants can offset a meaningful share of PITI.
You know 74471 now. You don’t know where it ranks.
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How 74471 ranks in Tahlequah, OK
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