Real Estate Investing in Wanette, Oklahoma (74878)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74878 (Wanette, 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: 15.2% 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 Wanette, OK (74878)?
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Market Analysis: 74878 Wanette
The 74878 ZIP in Wanette, OK is a local-operator market. Outside capital chasing a $217K entry has to pair deep knowledge with the discount.
The investment case in 74878 is durable only for operators who understand what they are buying. A $217K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Turning to rents, 74878 offers a low basis, the region around Wanette has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 74878 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 74878 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 Wanette:
Market Trends
Home Value History (with trend line)
📊 How Does 74878 Compare?
| Metric | 74878 | Wanette | Shawnee, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $216,787 | $216,787 | N/A | $214,563 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 6.9% |
| Avg Rent | $882 | $882 | N/A | - |
| 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 74878 (Wanette, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $216,787 |
| Monthly Rent | $882 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 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 (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 74878
Population: 1,677
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 74878
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 tenant pool like in Wanette, OK?
The tenant pool in Wanette, OK is solid, supported by local employment and population fundamentals. Rents of $882/mo are well-absorbed by the market.
How strict are landlord regulations in Wanette, OK?
Wanette, OK operates under OK law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
How much should I expect to pay for a home in Wanette, OK?
Typical homes in Wanette, OK go for around $217K. The 5-year CAGR of 0.0% consistent price movement.
Does house hacking work in Wanette, OK?
House hacking works a challenging in Wanette, OK. Rents of $882/mo against $217K acquisition make the strategy solid for owner-occupants.
How does Wanette, OK stack up for property investment?
Wanette, OK shows an investability rating of 3.0/5, with median home values near $217K and average rents around $882/mo. That combination puts it in the notable tier for investor interest.
You know 74878 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74878 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 74878 ranks in Shawnee, OK
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