Real Estate Investing in Hugo, Oklahoma (74743)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74743 (Hugo, 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: 16.9% of homes vacant — above national norms.
- Elevated poverty: 20.6% poverty rate — can affect rent collection.
- Lower household income: $39,286 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hugo, OK (74743)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74743 Hugo
The 74743 ZIP in Hugo, OK is a local-operator market. Outside capital chasing a $122K entry has to pair deep knowledge with the discount.
Rent of $855/mo on a $122K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 74743 sits below the stated 0.0% once reality is priced in.
In the broader OK picture, 74743 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 74743 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 74743 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 Hugo:
Property Strategy for 74743
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $65,106 | $950 | 10.5% | +7.0% | $32,553 |
| 3BR | $121,681 | $1,150 | 6.8% | +8.4% | $40,560 |
| 4BR | $210,376 | $1,260 | 4.3% | +8.1% | $52,594 |
Market Trends
Home Value History (with trend line)
📊 How Does 74743 Compare?
| Metric | 74743 | Hugo | Oklahoma |
|---|---|---|---|
| Home Value | $121,668 | $121,668 | $214,563 |
| 5-Year CAGR | 6.6% | 6.6% | 6.9% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 5.5% | 5.5% | - |
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 74743 (Hugo, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $121,668 |
| Monthly Rent | $855 |
| Price-to-Rent | 11.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.4% |
| Cap Rate | 5.5% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (5.5%). 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 74743
Population: 8,046
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 74743
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
Should investors worry about vacancy in Hugo, OK?
Vacancy risk in Hugo, OK is elevated. That supports measured cash flow for typical rental holds.
How expensive is real estate in Hugo, OK?
Homes in Hugo, OK typically sell near $122K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
What do landlords charge for rent in Hugo, OK?
The typical rental in Hugo, OK commands about $855/mo monthly. That rent profile steady cash flow against the $122K purchase basis.
What is the renter demographic in Hugo, OK?
Tenant demand in Hugo, OK is solid. The local workforce $855/mo rents across most rental classes.
Which investment style suits Hugo, OK?
Most investors in Hugo, 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.
You know 74743 now. You don’t know where it ranks.
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