Real Estate Investing in Hendrix, Oklahoma (74741)
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Should you buy in 74741 (Hendrix, 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: 13.5% of homes vacant — above national norms.
• 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 Hendrix, OK (74741)?
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Market Analysis: 74741 Hendrix
On balance, ZIP 74741 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $259K median. It rewards specialists, not generalists.
For an experienced owner, 74741 can be a an appealing option for hunting ground — but the discount at $259K reflects genuine risk that outside investors often underestimate.
The gap between 74741 and stronger Hendrix ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 74741 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Hendrix:
Market Trends
Home Value History (with trend line)
📊 How Does 74741 Compare?
| Metric | 74741 | Hendrix | Durant, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $258,629 | $258,629 | N/A | $214,563 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 6.9% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74741 (Hendrix, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $258,629 |
| Monthly Rent | $864 |
| Price-to-Rent | 24.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +9.2% ▲ |
🏠 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 (2.6%). 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 74741
Population: 898
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is Hendrix, OK a good place for real estate investing?
Hendrix, OK registers an investability rating of 3.0/5, with median home values near $259K and average rents around $864/mo. That combination puts it in the sturdy tier for investor interest.
What type of investing works in Hendrix, OK?
A careful cash-flow rentals with hands-on management strategy Hendrix, OK best. The market produces consistent results for that approach at the $259K price point.
What do rentals go for in Hendrix, OK?
Average rent in Hendrix, OK is approximately $864/mo per month. Against $259K home values that yields a reasonable rent-to-price ratio.
Is OK a landlord-friendly state?
The landlord environment in Hendrix, OK is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the renter demographic in Hendrix, OK?
Hendrix, OK offers a even-keeled renter base at the $864/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 74741 now. You don’t know where it ranks.
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How 74741 ranks in Durant, OK
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