Real Estate Investing in Poteau, Oklahoma (74953)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74953 (Poteau, 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.
- Elevated vacancy: 10.0% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Poteau, OK (74953)?
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Market Analysis: 74953 Poteau
This part of Le Flore County is not an easy win. The 74953 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
From an investor standpoint, the numbers look inviting — $188K purchase price, 0.0% nominal cap — the work to hit that pro forma in 74953 is substantial and deserves full respect.
Regionally, 74953 sits on the difficult end of the OK spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 74953 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Poteau's stable or hybrid ZIPs before stepping into 74953. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Poteau:
Property Strategy for 74953
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $76,062 | $980 | 9.3% | +3.5% | $38,031 |
| 3BR | $188,739 | $1,360 | 5.2% | +7.5% | $62,913 |
| 4BR | $295,865 | $1,420 | 3.5% | +7.4% | $73,966 |
Market Trends
Home Value History (with trend line)
📊 How Does 74953 Compare?
| Metric | 74953 | Poteau | Oklahoma |
|---|---|---|---|
| Home Value | $188,372 | $188,372 | $214,563 |
| 5-Year CAGR | 6.4% | 6.4% | 6.9% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 3.7% | 3.7% | - |
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 74953 (Poteau, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $188,372 |
| Monthly Rent | $882 |
| Price-to-Rent | 17.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (3.7%). 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 74953
Population: 12,284
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 74953
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
How quickly do rentals get leased in Poteau, OK?
Poteau, OK carries elevated vacancy risk. Expect stable absorption at market rents of $882/mo.
Is Poteau, OK good for landlords?
Poteau, OK falls under OK landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What type of investing works in Poteau, OK?
Investors usually favor careful cash-flow rentals with hands-on management in Poteau, OK. With home values at $188K and rents near $882/mo, other strategies can work but produce consistent rather than outsized returns.
Does house hacking make sense in Poteau, OK?
House hacking in Poteau, OK is reasonable to execute. Prices around $188K and rents of $882/mo solid owner-occupant economics.
Is Poteau in OK worth investing in?
Investors tracking Poteau, OK will find a 3.0/5 rating supported by $188K median home values and $882/mo rents. That profile suits long-term holders targeting consistent returns.
You know 74953 now. You don’t know where it ranks.
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