Real Estate Investing in Spiro, Oklahoma (74959)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74959 (Spiro, 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: 13.6% 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 Spiro, OK (74959)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74959 Spiro
This part of Le Flore is not an easy win. The 74959 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $152K asset, 74959 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within OK, ZIP 74959 trails on several market indicators that neighboring Le Flore submarkets outperform. The gap is real and substantial enough to shape underwriting.
The demographic picture in 74959 includes headwinds that any investor should price in. Income distribution skews lower than Spiro averages, and tenant stability requires active management.
The right play in 74959 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Spiro:
Property Strategy for 74959
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $79,538 | $1,010 | 9.1% | +7.2% | $39,769 |
| 3BR | $156,183 | $1,400 | 6.5% | +8.0% | $52,061 |
| 4BR | $257,012 | $1,460 | 4.1% | +7.2% | $64,253 |
Market Trends
Home Value History (with trend line)
📊 How Does 74959 Compare?
| Metric | 74959 | Spiro | Oklahoma |
|---|---|---|---|
| Home Value | $152,060 | $152,060 | $214,563 |
| 5-Year CAGR | 6.2% | 6.2% | 6.9% |
| Avg Rent | $909 | $909 | - |
| Cap Rate | 4.7% | 4.7% | - |
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 74959 (Spiro, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $152,060 |
| Monthly Rent | $909 |
| Price-to-Rent | 13.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (4.7%). 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 74959
Population: 6,156
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 74959
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
Frequently Asked Questions
What kind of vacancy should I budget for in Spiro, OK?
Occupancy in Spiro, OK runs steady with elevated vacancy. Well-priced units at $909/mo lease on reasonable timelines.
How strong is the working-renter base in Spiro, OK?
Tenant demand in Spiro, OK is solid. The local workforce $909/mo rents across most rental classes.
What monthly rent should investors expect in Spiro, OK?
Average rent in Spiro, OK is approximately $909/mo per month. Against $152K home values that yields a reasonable rent-to-price ratio.
What is the best play in Spiro, OK?
For Spiro, OK, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is Spiro, OK a good place for real estate investing?
Yes - Spiro, OK a 3.0/5 investability score. With $152K home prices against $909/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 74959 now. You don’t know where it ranks.
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