Real Estate Investing in Heavener, Oklahoma (74937)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74937 (Heavener, 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 middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 22.8% of homes vacant — above national norms.
- Elevated poverty: 24.7% 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 Heavener, OK (74937)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74937 Heavener
The 74937 ZIP covers a section of Heavener that demands careful diligence. Prices near $127K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 74937 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 74937 sits on the difficult end of the OK spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 74937 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 74937 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 Heavener:
Property Strategy for 74937
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $70,113 | $940 | 9.7% | +7.0% | $35,056 |
| 3BR | $133,326 | $1,300 | 7.0% | +8.0% | $44,442 |
| 4BR | $199,962 | $1,360 | 4.9% | +7.8% | $49,991 |
Market Trends
Home Value History (with trend line)
📊 How Does 74937 Compare?
| Metric | 74937 | Heavener | Oklahoma |
|---|---|---|---|
| Home Value | $127,242 | $127,242 | $214,563 |
| 5-Year CAGR | 6.9% | 6.9% | 6.9% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 5.2% | 5.2% | - |
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 74937 (Heavener, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $127,242 |
| Monthly Rent | $846 |
| Price-to-Rent | 12.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +10.4% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (5.2%). 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 74937
Population: 5,185
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 74937
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 725 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What real estate strategy is ideal for Heavener, OK?
Investors usually favor careful cash-flow rentals with hands-on management in Heavener, OK. With home values at $127K and rents near $846/mo, other strategies can work but produce consistent rather than outsized returns.
Is Heavener, OK a good place for real estate investing?
Heavener, OK scores 3.0/5 for investability. Home values sit at $127K and rents near $846/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How expensive is real estate in Heavener, OK?
Expect median prices around $127K in Heavener, OK. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
Does Heavener, OK favor landlords or tenants?
OK ranks as a landlord-friendly state for landlord-tenant law. Heavener generally follows the statewide framework, so landlords face reasonable operating rules.
How strong is tenant demand in Heavener, OK?
The renter base in Heavener, OK is reasonable for the $846/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
You know 74937 now. You don’t know where it ranks.
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