Real Estate Investing in Wewoka, Oklahoma (74884)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74884 (Wewoka, OK)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
- High vacancy: 26.9% of homes vacant — above national norms.
- Elevated poverty: 20.1% 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 Wewoka, OK (74884)?
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Market Analysis: 74884 Wewoka
ZIP 74884 offers what many appreciation markets cannot: an affordable basis at $82K and rent support of $936/mo for rehab-driven equity creation in Seminole County.
Investors in 74884 do not buy the market average — they buy the unit they can improve. $82K median pricing and $936/mo comps define the envelope within which the work has to pay.
Across Wewoka, pockets like 74884 represent the last affordable rungs of a rising ladder. The state-level data shows those rungs thinning.
The 74884 ZIP's demographic trend has been one of stability with upside — population of 5,558, steady renter share, and an incoming cohort that is willing to pay for improved units.
The strategy in 74884 is forced equity, not market equity. On the rental side, entry prices are accommodating at $82K, the returns sit in the renovation budget, not the holding period.
Here's what matters if you're considering buying a home in Wewoka:
Property Strategy for 74884
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $45,253 | $1,040 | 16.5% | +4.5% | $22,627 |
| 3BR | $100,096 | $1,400 | 10.1% | +7.2% | $33,365 |
| 4BR | $167,731 | $1,520 | 6.5% | +7.6% | $41,933 |
Market Trends
Home Value History (with trend line)
📊 How Does 74884 Compare?
| Metric | 74884 | Wewoka | Oklahoma |
|---|---|---|---|
| Home Value | $82,126 | $82,126 | $214,563 |
| 5-Year CAGR | 6.4% | 6.4% | 6.9% |
| Avg Rent | $936 | $936 | - |
| Cap Rate | 8.9% | 8.9% | - |
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 74884 (Wewoka, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $82,126 |
| Monthly Rent | $936 |
| Price-to-Rent | 7.3:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 13.7% |
| Cap Rate | 8.9% |
| 5-Year IRR | 15.2% |
📈 Home Appreciation
| 1-Year | +13.0% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.9%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 74884
Population: 5,558
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 74884
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 640 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Wewoka, OK good for house hacking?
House hacking works an attractive in Wewoka, OK. Rents of $936/mo against $82K acquisition make the strategy solid for owner-occupants.
How does Wewoka, OK stack up for property investment?
Wewoka, OK scores 5.0/5 for investability. Home values sit at $82K and rents near $936/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What price range are homes in Wewoka, OK?
Typical homes in Wewoka, OK go for around $82K. The 5-year CAGR of 0.0% stable price movement.
How do BRRRR numbers look in Wewoka, OK?
Investors running BRRRR in Wewoka, OK see a strong outcomes. Deal flow and rehab execution matter more than the macro here.
Where do rents currently stand in Wewoka, OK?
Rents in Wewoka, OK run near $936/mo. Compared with median home prices of $82K that produces solid gross yields for typical rentals.
You know 74884 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74884 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.
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