Real Estate Investing in Kenefic, Oklahoma (74748)
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Should you buy in 74748 (Kenefic, 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: 21.2% of homes vacant — above national norms.
- Elevated poverty: 20.2% poverty rate — can affect rent collection.
• 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 Kenefic, OK (74748)?
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Market Analysis: 74748 Kenefic
ZIP 74748 in Kenefic, OK carries a solid set of headwinds. Home values near $226K and rents of $846/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 $226K asset, 74748 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within OK, ZIP 74748 trails on several market indicators that neighboring Bryan County submarkets outperform. The gap is real and durable enough to shape underwriting.
Demographically, 74748 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.
Strategically, 74748 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 Kenefic:
Market Trends
Home Value History (with trend line)
📊 How Does 74748 Compare?
| Metric | 74748 | Kenefic | Durant, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $226,241 | $226,241 | N/A | $214,563 |
| 5-Year CAGR | 7.8% | 7.8% | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74748 (Kenefic, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $226,241 |
| Monthly Rent | $846 |
| Price-to-Rent | 22.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +10.3% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 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 (2.9%). 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 74748
Population: 693
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
Investor Insight: With 2,058 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Kenefic, OK stack up for property investment?
Yes - Kenefic, OK a 3.0/5 investability score. With $226K home prices against $846/mo monthly rent, the market delivers a reasonable entry point for new investors.
Can I house hack in Kenefic, OK?
Kenefic, OK offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $846/mo rent level.
What type of investing works in Kenefic, OK?
A careful cash-flow rentals with hands-on management strategy Kenefic, OK best. The market produces predictable results for that approach at the $226K price point.
How much does a house cost in Kenefic, OK?
Homes in Kenefic, OK typically sell near $226K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
What do landlords charge for rent in Kenefic, OK?
Expect rents around $846/mo per month in Kenefic, OK. With home values at $226K, the yield math works out to reasonable levels for rental investors.
You know 74748 now. You don’t know where it ranks.
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