Real Estate Investing in Perkins, Oklahoma (74875)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74875 (Perkins, 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: 19.5% 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 Perkins, OK (74875)?
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Market Analysis: 74875 Perkins
ZIP 74875 in Perkins, OK carries a impressive set of headwinds. Home values near $201K and rents of $846/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 74875 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Stepping back, 74875 offers a low basis, the region around Perkins has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 74875 includes headwinds that any investor should price in. Income distribution skews lower than Perkins averages, and tenant stability requires active management.
Strategically, 74875 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Perkins:
Market Trends
Home Value History (with trend line)
📊 How Does 74875 Compare?
| Metric | 74875 | Perkins | Oklahoma City, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $201,234 | $212,503 | N/A | $214,563 |
| 5-Year CAGR | 4.9% | 5.3% | N/A | 6.9% |
| Avg Rent | $846 | $1,168 | N/A | - |
| Cap Rate | 3.3% | 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 74875 (Perkins, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $201,234 |
| Monthly Rent | $846 |
| Price-to-Rent | 19.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (3.3%). 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 74875
Population: 997
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
Frequently Asked Questions
How strict are landlord regulations in Perkins, OK?
Perkins, OK operates under OK law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
What kind of tenants rent in Perkins, OK?
Tenant quality in Perkins, OK ranks as solid. Landlords generally report even-keeled occupancy at market rents of $846/mo.
What is the average home sale price in Perkins, OK?
Typical homes in Perkins, OK go for around $201K. The 5-year CAGR of 0.0% measured price movement.
Is Perkins, OK a good market for buy-and-hold investors?
Investors tracking Perkins, OK will find a 3.0/5 rating supported by $201K median home values and $846/mo rents. That profile suits long-term holders targeting reliable returns.
What is the average monthly rent in Perkins, OK?
Expect rents around $846/mo per month in Perkins, OK. With home values at $201K, the yield math works out to reasonable levels for rental investors.
You know 74875 now. You don’t know where it ranks.
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How 74875 ranks in Oklahoma City, OK
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