Real Estate Investing in Wright City, Oklahoma (74766)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74766 (Wright City, 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: 13.9% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.1% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Wright City, OK (74766)?
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Market Analysis: 74766 Wright City
ZIP 74766 in Wright City, OK carries a sturdy set of headwinds. Home values near $114K and rents of $855/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 $114K asset, 74766 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 74766's metrics run below McCurtain County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A sturdy renter share of 19% in 74766 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. durable returns are possible in 74766, 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 Wright City:
Market Trends
Home Value History (with trend line)
📊 How Does 74766 Compare?
| Metric | 74766 | Wright City | Oklahoma |
|---|---|---|---|
| Home Value | $113,808 | $113,808 | $214,563 |
| 5-Year CAGR | 0.1% | 0.1% | 6.9% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 5.9% | 5.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74766 (Wright City, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $113,808 |
| Monthly Rent | $855 |
| Price-to-Rent | 11.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.0% |
| Cap Rate | 5.9% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | -4.8% ▼ |
| 5-Year CAGR | +0.1% ▲ |
| 10-Year CAGR | +4.3% ▲ |
🏠 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 (5.9%). 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 74766
Population: 1,087
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 74766
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 Wright City, OK rate as a rental market?
Yes - Wright City, OK a 3.0/5 investability score. With $114K home prices against $855/mo monthly rent, the market delivers a reasonable entry point for new investors.
How should investors approach Wright City, OK?
The best-fit strategy in Wright City, OK is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Are rents high in Wright City, OK?
The typical rental in Wright City, OK commands about $855/mo monthly. That rent profile reliable cash flow against the $114K purchase basis.
What kind of vacancy should I budget for in Wright City, OK?
Vacancy risk in Wright City, OK is elevated. That supports predictable cash flow for typical rental holds.
Is Wright City, OK suited for a house hack?
Wright City, OK is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $114K price point reasonable to enter.
You know 74766 now. You don’t know where it ranks.
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