Real Estate Investing in Hodgen, Oklahoma (74966)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74966 (Hodgen, 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: 21.9% 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 Hodgen, OK (74966)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74966 Hodgen
Investors eyeing 74966 need to respect the fundamentals at play. Home values of $212K come alongside slower price movement and elevated management overhead.
The 74966 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Hodgen have seen price recovery that 74966 has not matched. Le Flore County data supports the view that the spread is structural rather than temporary.
A robust renter share of 19% in 74966 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Hodgen's stable or hybrid ZIPs before stepping into 74966. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Hodgen:
Property Strategy for 74966
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $113,861 | $940 | 5.9% | +7.4% | $56,930 |
| 3BR | $207,210 | $1,290 | 4.5% | +7.4% | $69,070 |
Market Trends
Home Value History (with trend line)
📊 How Does 74966 Compare?
| Metric | 74966 | Hodgen | Oklahoma |
|---|---|---|---|
| Home Value | $211,715 | $200,491 | $214,563 |
| 5-Year CAGR | 5.5% | 5.4% | 6.9% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 3.1% | 3.3% | - |
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 74966 (Hodgen, OK). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 74966 (Hodgen, OK)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $211,715 |
| Monthly Rent | $846 |
| Price-to-Rent | 20.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +10.3% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (3.1%). 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 74966
Population: 3,540
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 74966
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
How much is rent in Hodgen, OK?
Hodgen, OK rentals go for roughly $846/mo a month. That puts gross yield in solid territory relative to $212K acquisition costs.
Is OK a landlord-friendly state?
The landlord environment in Hodgen, OK is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Should investors worry about vacancy in Hodgen, OK?
Vacancy in Hodgen, OK is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $846/mo.
Is house hacking profitable in Hodgen, OK?
House hacking in Hodgen, OK is reasonable to execute. Prices around $212K and rents of $846/mo solid owner-occupant economics.
How does Hodgen, OK rate as a rental market?
Hodgen, OK rates 3.0/5 for investability. With median values at $212K and rents near $846/mo, the market offers reasonable fundamentals for rental investors.
You know 74966 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74966 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.
AI Market Advisor
Ask questions about investing in 74966 (Hodgen)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 74966 (Hodgen, OK).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.