Real Estate Investing in Red Rock, Oklahoma (74651)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74651 (Red Rock, OK)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 8.4% vacancy may signal weakening demand.
- Higher unemployment: 7.0% unemployment — tenant risk signal.
• 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 Red Rock, OK (74651)?
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Market Analysis: 74651 Red Rock
Not every below-median market is a bargain. Red Rock's 74651 ZIP records signals that favor experienced operators who can absorb the risk $137K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $137K asset, 74651 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Red Rock have seen price recovery that 74651 has not matched. Noble County data supports the view that the spread is structural rather than temporary.
Demographically, 74651 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 74651 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Red Rock:
Market Trends
Home Value History (with trend line)
📊 How Does 74651 Compare?
| Metric | 74651 | Red Rock | Oklahoma |
|---|---|---|---|
| Home Value | $137,035 | $137,035 | $214,563 |
| 5-Year CAGR | 4.1% | 4.1% | 6.9% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 4.8% | 4.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74651 (Red Rock, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $137,035 |
| Monthly Rent | $846 |
| Price-to-Rent | 13.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.4% |
| Cap Rate | 4.8% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +11.9% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (4.8%). 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 74651
Population: 780
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 74651
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
Is rental property easy to operate in Red Rock, OK?
The landlord environment in Red Rock, OK is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What investment strategy works best in Red Rock, OK?
Most investors in Red Rock, OK run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How much does a house cost in Red Rock, OK?
Homes in Red Rock, OK typically sell near $137K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
How viable is house hacking in Red Rock, OK?
The house hack math a challenging in Red Rock, OK. Owner-occupant buyers benefit from the $846/mo rents and $137K home values.
What are rental rates like in Red Rock, OK?
Rental rates in Red Rock, OK average $846/mo. Tenant demand and $137K home values make the yield look reasonable by investor standards.
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