Real Estate Investing in Earlsboro, Oklahoma (74840)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74840 (Earlsboro, 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: 17.7% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Earlsboro, OK (74840)?
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Market Analysis: 74840 Earlsboro
The 74840 ZIP in Earlsboro, OK is a local-operator market. Outside capital chasing a $216K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $216K asset, 74840 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 74840 among OK's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 74840 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 74840 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 Earlsboro:
Property Strategy for 74840
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $151,677 | $940 | 4.5% | +9.7% | $75,838 |
| 3BR | $220,816 | $1,260 | 4.1% | +10.1% | $73,605 |
Market Trends
Home Value History (with trend line)
📊 How Does 74840 Compare?
| Metric | 74840 | Earlsboro | Shawnee, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $215,576 | $215,576 | N/A | $214,563 |
| 5-Year CAGR | 7.7% | 7.7% | N/A | 6.9% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 74840 (Earlsboro, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $215,576 |
| Monthly Rent | $846 |
| Price-to-Rent | 21.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 (3.1%). 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 74840
Population: 1,993
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 74840
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,069 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Earlsboro, OK stack up for property investment?
Earlsboro, OK stands at an investability rating of 3.0/5, with median home values near $216K and average rents around $846/mo. That combination puts it in the solid tier for investor interest.
How qualified is the tenant pool in Earlsboro, OK?
The tenant pool in Earlsboro, OK is solid, supported by local employment and population fundamentals. Rents of $846/mo are well-absorbed by the market.
What are rental rates like in Earlsboro, OK?
Average rent in Earlsboro, OK is approximately $846/mo per month. Against $216K home values that yields a reasonable rent-to-price ratio.
Can I house hack in Earlsboro, OK?
Earlsboro, 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 real estate strategy is ideal for Earlsboro, OK?
For Earlsboro, OK, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 74840 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74840 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 74840 ranks in Shawnee, OK
Every ZIP in this metro, ranked. Free.
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