Real Estate Investing in Smithville, Oklahoma (74957)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74957 (Smithville, 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: 31.8% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Smithville, OK (74957)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74957 Smithville
Investors eyeing 74957 need to respect the fundamentals at play. Home values of $194K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $194K asset, 74957 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within OK, ZIP 74957 trails on several market indicators that neighboring Le Flore submarkets outperform. The gap is real and substantial enough to shape underwriting.
The 74957 ZIP's population of 905 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
New investors are better served looking at Smithville's stable or hybrid ZIPs before stepping into 74957. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Smithville:
Market Trends
Home Value History (with trend line)
📊 How Does 74957 Compare?
| Metric | 74957 | Smithville | Oklahoma |
|---|---|---|---|
| Home Value | $193,983 | $193,983 | $214,563 |
| 5-Year CAGR | 4.5% | 4.5% | 6.9% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 3.4% | 3.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74957 (Smithville, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $193,983 |
| Monthly Rent | $846 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 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 (3.4%). 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 74957
Population: 905
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 74957
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
Does Smithville, OK make sense for an investment property?
With a 3.0/5 investability score, Smithville, OK ranks as a solid market for rental property investors. Median prices of $194K and rents of $846/mo drive the underlying numbers.
What are rental rates like in Smithville, OK?
Rental rates in Smithville, OK average $846/mo. Tenant demand and $194K home values make the yield look reasonable by investor standards.
What investment strategy works best in Smithville, OK?
In Smithville, OK the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $194K prices and $846/mo rents suits that approach.
Can I house hack in Smithville, OK?
Smithville, OK offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $846/mo rent level.
Are there empty rentals in Smithville, OK?
Smithville, OK sees elevated vacancy, which is reasonable relative to the broader OK rental market.
You know 74957 now. You don’t know where it ranks.
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