Real Estate Investing in Red Oak, Oklahoma (74563)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74563 (Red Oak, OK)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 16.0% 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 Red Oak, OK (74563)?
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Market Analysis: 74563 Red Oak
ZIP 74563 in Red Oak, OK carries a healthy set of headwinds. Home values near $155K and rents of $873/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $155K asset, 74563 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 74563 sits on the difficult end of the OK spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 74563 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. significant returns are possible in 74563, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Red Oak:
Market Trends
Home Value History (with trend line)
📊 How Does 74563 Compare?
| Metric | 74563 | Red Oak | Oklahoma |
|---|---|---|---|
| Home Value | $154,872 | $154,872 | $214,563 |
| 5-Year CAGR | 3.4% | 3.4% | 6.9% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 4.4% | 4.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74563 (Red Oak, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $154,872 |
| Monthly Rent | $873 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 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 (4.4%). 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 74563
Population: 1,887
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 74563
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 does Red Oak, OK stack up for property investment?
Red Oak, OK comes in at an investability rating of 3.0/5, with median home values near $155K and average rents around $873/mo. That combination puts it in the resilient tier for investor interest.
How high is vacancy risk in Red Oak, OK?
Vacancy risk in Red Oak, OK is elevated. That supports measured cash flow for typical rental holds.
Are rents high in Red Oak, OK?
Red Oak, OK rentals go for roughly $873/mo a month. That puts gross yield in solid territory relative to $155K acquisition costs.
Can I live-in-and-rent in Red Oak, OK?
The house hack math a challenging in Red Oak, OK. Owner-occupant buyers benefit from the $873/mo rents and $155K home values.
What type of investing works in Red Oak, OK?
A careful cash-flow rentals with hands-on management strategy Red Oak, OK best. The market produces stable results for that approach at the $155K price point.
You know 74563 now. You don’t know where it ranks.
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