Real Estate Investing in Caddo, Oklahoma (74729)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74729 (Caddo, OK)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.9% 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 Caddo, OK (74729)?
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Market Analysis: 74729 Caddo
The 74729 ZIP covers a section of Caddo that demands careful diligence. Prices near $235K look accessible, but the work to make a deal cash flow is real.
From a cash-flow lens, the numbers look inviting — $235K purchase price, 0.0% nominal cap — the work to hit that pro forma in 74729 is substantial and deserves full respect.
ZIP 74729's metrics run below Bryan County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 74729 ZIP's population of 2,705 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Strategically, 74729 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Caddo:
Property Strategy for 74729
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $117,542 | $990 | 6.1% | +9.0% | $58,771 |
| 3BR | $234,880 | $1,280 | 3.9% | +8.9% | $78,293 |
| 4BR | $349,860 | $1,420 | 2.9% | +9.5% | $87,465 |
Market Trends
Home Value History (with trend line)
📊 How Does 74729 Compare?
| Metric | 74729 | Caddo | Durant, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $235,040 | $235,040 | N/A | $214,563 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 6.9% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 74729 (Caddo, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $235,040 |
| Monthly Rent | $891 |
| Price-to-Rent | 22.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (3.0%). 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 74729
Population: 2,705
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 74729
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 579 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much is rent in Caddo, OK?
Caddo, OK rentals go for roughly $891/mo a month. That puts gross yield in solid territory relative to $235K acquisition costs.
How expensive is real estate in Caddo, OK?
The median home value in Caddo, OK is roughly $235K. That puts it reasonable relative to the OK statewide average.
Is Caddo, OK a smart market for rental property?
With a 3.0/5 investability score, Caddo, OK ranks as a solid market for rental property investors. Median prices of $235K and rents of $891/mo drive the underlying numbers.
What is the typical vacancy rate in Caddo, OK?
Occupancy in Caddo, OK runs consistent with elevated vacancy. Well-priced units at $891/mo lease on reasonable timelines.
Is OK a landlord-friendly state?
The landlord environment in Caddo, OK is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 74729 now. You don’t know where it ranks.
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How 74729 ranks in Durant, OK
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