Real Estate Investing in Carney, Oklahoma (74832)
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Should you buy in 74832 (Carney, 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: 13.8% 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 Carney, OK (74832)?
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Market Analysis: 74832 Carney
ZIP 74832 in Carney, OK carries a sturdy set of headwinds. Home values near $179K and rents of $954/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 $179K asset, 74832 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within OK, ZIP 74832 trails on several market indicators that neighboring Lincoln County submarkets outperform. The gap is real and solid enough to shape underwriting.
A healthy renter share of 18% in 74832 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 74832, 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 Carney:
Market Trends
Home Value History (with trend line)
📊 How Does 74832 Compare?
| Metric | 74832 | Carney | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $178,730 | $178,730 | N/A | $214,563 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 6.9% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74832 (Carney, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $178,730 |
| Monthly Rent | $954 |
| Price-to-Rent | 15.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +9.0% ▲ |
🏠 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 (4.2%). 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 74832
Population: 864
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 74832
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
What are rental rates like in Carney, OK?
Rental rates in Carney, OK average $954/mo. Tenant demand and $179K home values make the yield look reasonable by investor standards.
Do rentals sit vacant long in Carney, OK?
Expect elevated vacancy in Carney, OK. Rents at $954/mo are absorbed by the tenant base without meaningful lag.
How strong is Carney, OK for real estate investors?
Carney, OK rates 3.0/5 for investability. With median values at $179K and rents near $954/mo, the market offers reasonable fundamentals for rental investors.
Is Carney, OK better for rentals, flips, or BRRRR?
Carney, OK investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($179K prices, $954/mo rents) make it a reasonable choice.
What is it like being a landlord in Carney, OK?
OK law landlord-friendly for landlords, and Carney inherits those rules. Investors should still review local ordinances for rental licensing.
You know 74832 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74832 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 74832 ranks in Oklahoma City, OK
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