Real Estate Investing in Paden, Oklahoma (74860)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74860 (Paden, 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: 17.2% 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 Paden, OK (74860)?
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Market Analysis: 74860 Paden
This part of Okfuskee County is not an easy win. The 74860 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 74860 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Paden have seen price recovery that 74860 has not matched. Okfuskee County data supports the view that the spread is structural rather than temporary.
Employment concentration in 74860 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 74860 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Paden:
Market Trends
Home Value History (with trend line)
📊 How Does 74860 Compare?
| Metric | 74860 | Paden | Oklahoma |
|---|---|---|---|
| Home Value | $207,027 | $207,027 | $214,563 |
| 5-Year CAGR | 7.8% | 7.8% | 6.9% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 3.2% | 3.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74860 (Paden, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $207,027 |
| Monthly Rent | $855 |
| Price-to-Rent | 20.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +15.2% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (3.2%). 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 74860
Population: 1,674
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 74860
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 type of investing works in Paden, OK?
Investors usually favor careful cash-flow rentals with hands-on management in Paden, OK. With home values at $207K and rents near $855/mo, other strategies can work but produce measured rather than outsized returns.
How deep is the rental pool in Paden, OK?
The tenant pool in Paden, OK is solid, supported by local employment and population fundamentals. Rents of $855/mo are well-absorbed by the market.
Where do home prices stand in Paden, OK?
Paden, OK home values average about $207K. That price point suits investors targeting rentals with $855/mo in monthly income.
Does house hacking make sense in Paden, OK?
House hacking in Paden, OK is reasonable to execute. Prices around $207K and rents of $855/mo solid owner-occupant economics.
How tight is the rental market in Paden, OK?
Paden, OK carries elevated vacancy risk. Expect consistent absorption at market rents of $855/mo.
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