Real Estate Investing in Fairfax, Oklahoma (74637)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74637 (Fairfax, 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 balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
- High vacancy: 25.7% 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 Fairfax, OK (74637)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74637 Fairfax
The 74637 ZIP clocks in at an healthy value-add profile — below-median pricing at $73K, a renter base of 15%, and room for operational improvement.
The an appealing option for angle here is forced equity, not market equity. ZIP 74637 rewards investors who can execute on scope, timeline, and tenant turnover.
Statewide, OK value-add investors migrate toward ZIPs with 74637's profile — older stock, soft but real rent growth, and $73K pricing that keeps rehab math workable.
Demographically, 74637 is a working ZIP — not a luxury market. That profile is exactly what value-add operators need in order to price their renovated product correctly.
Experienced operators with contractor networks find 74637 a credible choice for. First-time flippers often underestimate scope, budget, and timeline, which is how deals here turn sour.
Here's what matters if you're considering buying a home in Fairfax:
Property Strategy for 74637
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $43,901 | $940 | 15.4% | +1.6% | $21,951 |
| 3BR | $72,939 | $1,230 | 12.1% | +4.0% | $24,313 |
Market Trends
Home Value History (with trend line)
📊 How Does 74637 Compare?
| Metric | 74637 | Fairfax | Tulsa, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $73,063 | $73,063 | N/A | $214,563 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 9.0% | 9.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74637 (Fairfax, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $73,063 |
| Monthly Rent | $846 |
| Price-to-Rent | 7.2:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 13.9% |
| Cap Rate | 9.0% |
| 5-Year IRR | 16.1% |
📈 Home Appreciation
| 1-Year | +30.4% ▲ |
| 3-Year CAGR | +10.1% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +10.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (9.0%) 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 74637
Population: 1,501
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 74637
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 much do tenants pay in Fairfax, OK?
Rental rates in Fairfax, OK average $846/mo. Tenant demand and $73K home values make the yield look reasonable by investor standards.
How close is Fairfax, OK to meeting the 1% rule?
Yes, many Fairfax, OK properties clear the 1% rule. The rent-to-price ratio averages 1.16%, supported by $846/mo rents.
Is Fairfax, OK a smart market for rental property?
Our data puts Fairfax, OK at 5.0/5 for investability. Home prices of $73K and rents around $846/mo create a solid backdrop for investor activity.
How much does a house cost in Fairfax, OK?
Fairfax, OK home values average about $73K. That price point suits investors targeting rentals with $846/mo in monthly income.
What investment strategy works best in Fairfax, OK?
Investors who focus on value-add and BRRRR deals typically do well in Fairfax, OK. The numbers - $73K homes against $846/mo rents - support that play.
You know 74637 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74637 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.
How 74637 ranks in Tulsa, OK
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