Real Estate Investing in Hartshorne, Oklahoma (74547)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74547 (Hartshorne, OK)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 19.6% 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 Hartshorne, OK (74547)?
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Market Analysis: 74547 Hartshorne
The 74547 ZIP covers a section of Hartshorne that demands careful diligence. Prices near $107K look accessible, but the work to make a deal cash flow is real.
The 74547 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 74547 and stronger Hartshorne ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 74547 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 74547 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Hartshorne:
Property Strategy for 74547
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $57,280 | $940 | 11.8% | +4.9% | $28,640 |
| 3BR | $109,926 | $1,240 | 8.1% | +8.8% | $36,642 |
Market Trends
Home Value History (with trend line)
📊 How Does 74547 Compare?
| Metric | 74547 | Hartshorne | McAlester, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $106,822 | $106,822 | N/A | $214,563 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 6.2% | 6.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74547 (Hartshorne, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $106,822 |
| Monthly Rent | $846 |
| Price-to-Rent | 10.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.5% |
| Cap Rate | 6.2% |
| 5-Year IRR | 12.6% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (6.2%). 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 74547
Population: 3,014
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 74547
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
Frequently Asked Questions
How does Hartshorne, OK rate as a rental market?
Hartshorne, OK posts an investability rating of 3.0/5, with median home values near $107K and average rents around $846/mo. That combination puts it in the solid tier for investor interest.
What is the typical vacancy rate in Hartshorne, OK?
Vacancy risk in Hartshorne, OK is elevated. That supports stable cash flow for typical rental holds.
What do landlords charge for rent in Hartshorne, OK?
Average rent in Hartshorne, OK is approximately $846/mo per month. Against $107K home values that yields a reasonable rent-to-price ratio.
Is OK a landlord-friendly state?
Hartshorne, OK falls under OK landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What strategy should investors use in Hartshorne, OK?
For Hartshorne, OK, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 74547 now. You don’t know where it ranks.
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How 74547 ranks in McAlester, OK
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