Real Estate Investing in Coalgate, Oklahoma (74538)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74538 (Coalgate, 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: 19.8% 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 Coalgate, OK (74538)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74538 Coalgate
The 74538 ZIP in Coalgate, OK is a local-operator market. Outside capital chasing a $123K entry has to pair deep knowledge with the discount.
For an experienced owner, 74538 can be a a solid fit for hunting ground — but the discount at $123K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 74538 among OK's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 74538 ZIP's population of 3,933 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Strategy in 74538 is an operator game, not a passive one. From an investor standpoint, entry prices of $123K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Coalgate:
Property Strategy for 74538
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $70,372 | $940 | 9.6% | +7.0% | $35,186 |
| 3BR | $134,583 | $1,280 | 6.8% | +9.1% | $44,861 |
| 4BR | $226,646 | $1,530 | 4.9% | +8.4% | $56,661 |
Market Trends
Home Value History (with trend line)
📊 How Does 74538 Compare?
| Metric | 74538 | Coalgate | Oklahoma |
|---|---|---|---|
| Home Value | $122,860 | $122,860 | $214,563 |
| 5-Year CAGR | 5.8% | 5.8% | 6.9% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 5.4% | 5.4% | - |
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 74538 (Coalgate, OK). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 74538 (Coalgate, OK)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $122,860 |
| Monthly Rent | $846 |
| Price-to-Rent | 12.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.3% |
| Cap Rate | 5.4% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 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 (5.4%). 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 74538
Population: 3,933
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 74538
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
What are rental rates like in Coalgate, OK?
Rent in Coalgate, OK is around $846/mo. The resulting rent-to-value relationship with $123K pricing is reasonable for most investor models.
What type of investing works in Coalgate, OK?
For Coalgate, OK, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Does Coalgate, OK make sense for an investment property?
Investors tracking Coalgate, OK will find a 3.0/5 rating supported by $123K median home values and $846/mo rents. That profile suits long-term holders targeting reliable returns.
How strong is the working-renter base in Coalgate, OK?
Working renters make up the core of the Coalgate, OK tenant base. The pool is reasonable for investors targeting long-term holds.
Do rentals sit vacant long in Coalgate, OK?
Vacancy in Coalgate, OK is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $846/mo.
You know 74538 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74538 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.
AI Market Advisor
Ask questions about investing in 74538 (Coalgate)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 74538 (Coalgate, OK).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.