Real Estate Investing in Okemah, Oklahoma (74859)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74859 (Okemah, 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: 19.2% of homes vacant — above national norms.
- Elevated poverty: 23.0% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Okemah, OK (74859)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74859 Okemah
ZIP 74859 in Okemah, OK carries a substantial set of headwinds. Home values near $141K 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 $141K asset, 74859 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 74859 sits on the difficult end of the OK spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 74859 includes headwinds that any investor should price in. Income distribution skews lower than Okemah averages, and tenant stability requires active management.
Distressed ZIPs reward experience. robust returns are possible in 74859, 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 Okemah:
Property Strategy for 74859
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $67,830 | $940 | 10.0% | +9.2% | $33,915 |
| 3BR | $146,148 | $1,180 | 5.8% | +9.7% | $48,716 |
| 4BR | $209,370 | $1,390 | 4.8% | +8.6% | $52,343 |
Market Trends
Home Value History (with trend line)
📊 How Does 74859 Compare?
| Metric | 74859 | Okemah | Oklahoma |
|---|---|---|---|
| Home Value | $140,969 | $140,969 | $214,563 |
| 5-Year CAGR | 7.3% | 7.3% | 6.9% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 4.7% | 4.7% | - |
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 74859 (Okemah, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $140,969 |
| Monthly Rent | $846 |
| Price-to-Rent | 13.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 12.0% |
📈 Home Appreciation
| 1-Year | +10.9% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (4.7%). 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 74859
Population: 5,824
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 74859
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 is the average monthly rent in Okemah, OK?
Average rent in Okemah, OK is approximately $846/mo per month. Against $141K home values that yields a reasonable rent-to-price ratio.
How do home values compare in Okemah, OK?
Okemah, OK median home values land near $141K. That is reasonable territory for investors looking at $846/mo-per-month rentals.
Is vacancy a concern in Okemah, OK?
Okemah, OK sees elevated vacancy, which is reasonable relative to the broader OK rental market.
Is Okemah, OK good for landlords?
The landlord environment in Okemah, OK is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is Okemah, OK a good place for real estate investing?
Okemah, OK rates 3.0/5 for investability. With median values at $141K and rents near $846/mo, the market offers reasonable fundamentals for rental investors.
You know 74859 now. You don’t know where it ranks.
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