Real Estate Investing in Billings, Oklahoma (74630)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74630 (Billings, OK)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 22.6% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.3% CAGR).
- Lower household income: $38,068 median — tenant affordability is tighter.
• 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 Billings, OK (74630)?
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Market Analysis: 74630 Billings
ZIP 74630 offers what many appreciation markets cannot: an affordable basis at $69K and rent support of $846/mo for rehab-driven equity creation in Noble County.
Investors in 74630 do not buy the market average — they buy the unit they can improve. $69K median pricing and $846/mo comps define the envelope within which the work has to pay.
Statewide, OK value-add investors migrate toward ZIPs with 74630's profile — older stock, soft but real rent growth, and $69K pricing that keeps rehab math workable.
The 74630 ZIP's demographic trend has been one of stability with upside — population of 822, steady renter share, and an incoming cohort that is willing to pay for improved units.
The strategy in 74630 is forced equity, not market equity. On balance, entry prices are accommodating at $69K, the returns sit in the renovation budget, not the holding period.
Here's what matters if you're considering buying a home in Billings:
Market Trends
Home Value History (with trend line)
📊 How Does 74630 Compare?
| Metric | 74630 | Billings | Enid, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $69,318 | $69,318 | N/A | $214,563 |
| 5-Year CAGR | 1.3% | 1.3% | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 9.5% | 9.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74630 (Billings, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $69,318 |
| Monthly Rent | $846 |
| Price-to-Rent | 6.8:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 14.7% |
| Cap Rate | 9.5% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +1.3% ▲ |
| 10-Year CAGR | +2.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (9.5%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 74630
Population: 822
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 74630
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 764 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Billings, OK a good market for FHA house hackers?
The an attractive house-hack environment in Billings, OK reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the investability score for Billings, OK?
Billings, OK scores 4.0/5 for investability. Home values sit at $69K and rents near $846/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the typical home price in Billings, OK?
Billings, OK home values average about $69K. That price point suits investors targeting rentals with $846/mo in monthly income.
Can BRRRR investors find deals in Billings, OK?
Billings, OK is a strong for BRRRR. Acquiring below market, rehabbing, and leasing at $846/mo produces solid refinance appraisals against $69K values.
What type of investing works in Billings, OK?
Billings, OK investors pursuing value-add and BRRRR deals. The underlying economics ($69K prices, $846/mo rents) make it a reasonable choice.
You know 74630 now. You don’t know where it ranks.
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How 74630 ranks in Enid, OK
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