Real Estate Investing in Lamar, Oklahoma (74850)
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Should you buy in 74850 (Lamar, 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: 28.0% 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 Lamar, OK (74850)?
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Market Analysis: 74850 Lamar
ZIP 74850 in Lamar, OK carries a robust set of headwinds. Home values near $187K and rents of $981/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 74850 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 74850's metrics run below Hughes County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 74850 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. resilient returns are possible in 74850, 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 Lamar:
Market Trends
Home Value History (with trend line)
📊 How Does 74850 Compare?
| Metric | 74850 | Lamar | McAlester, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $187,031 | $187,031 | N/A | $214,563 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 6.9% |
| Avg Rent | $981 | $981 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74850 (Lamar, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $187,031 |
| Monthly Rent | $981 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +13.9% ▲ |
| 3-Year CAGR | +8.2% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 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 (4.1%). 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 74850
Population: 262
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
What is it like being a landlord in Lamar, OK?
OK ranks as a landlord-friendly state for landlord-tenant law. Lamar generally follows the statewide framework, so landlords face reasonable operating rules.
Can owner-occupants cash flow in Lamar, OK?
Lamar, OK offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $981/mo rent level.
What are home prices like in Lamar, OK?
The median home value in Lamar, OK is roughly $187K. That puts it reasonable relative to the OK statewide average.
What is the best play in Lamar, OK?
Lamar, OK investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($187K prices, $981/mo rents) make it a reasonable choice.
Are renters plentiful in Lamar, OK?
Working renters make up the core of the Lamar, OK tenant base. The pool is reasonable for investors targeting long-term holds.
You know 74850 now. You don’t know where it ranks.
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How 74850 ranks in McAlester, OK
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