Real Estate Investing in Hodgen, Oklahoma (74939)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74939 (Hodgen, OK)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 42.5% of homes vacant — above national norms.
- Lower household income: $39,167 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hodgen, OK (74939)?
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Market Analysis: 74939 Hodgen
The 74939 ZIP covers a section of Hodgen that demands careful diligence. Prices near $189K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $189K asset, 74939 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Hodgen have seen price recovery that 74939 has not matched. Le Flore County data supports the view that the spread is structural rather than temporary.
Who lives in 74939 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 74939 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 Hodgen:
Market Trends
Home Value History (with trend line)
📊 How Does 74939 Compare?
| Metric | 74939 | Hodgen | Oklahoma |
|---|---|---|---|
| Home Value | $189,267 | $200,491 | $214,563 |
| 5-Year CAGR | 5.3% | 5.4% | 6.9% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 3.5% | 3.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74939 (Hodgen, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $189,267 |
| Monthly Rent | $846 |
| Price-to-Rent | 18.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (3.5%). 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 74939
Population: 1,234
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 74939
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 does Hodgen, OK stack up for property investment?
Hodgen, OK comes in at an investability rating of 3.0/5, with median home values near $189K and average rents around $846/mo. That combination puts it in the robust tier for investor interest.
What monthly rent should investors expect in Hodgen, OK?
Average rent in Hodgen, OK is approximately $846/mo per month. Against $189K home values that yields a reasonable rent-to-price ratio.
How deep is the rental pool in Hodgen, OK?
Expect a solid tenant pool in Hodgen, OK. The rental market absorbs $846/mo rents without meaningful friction.
Are there empty rentals in Hodgen, OK?
Hodgen, OK sees elevated vacancy, which is reasonable relative to the broader OK rental market.
What is it like being a landlord in Hodgen, OK?
OK ranks as a landlord-friendly state for landlord-tenant law. Hodgen generally follows the statewide framework, so landlords face reasonable operating rules.
You know 74939 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74939 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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