Clinton is home to the best residential real estate investment market in Oklahoma.
The 73601 zip code in Clinton presents the greatest opportunity for the best real estate investments among the 3,052 individual real estate markets in Oklahoma we evaluated. We looked at property values, population trends, and six other metrics for each market. We used that data to calculate each market's InvestScore.
5 best places to invest in Oklahoma
The first step is to find a top local realtor with experience helping real estate investors find great deals.
Clever can match you with an experienced local agent who specializes in investment properties. They'll help you find a property that fits your goals and budget, then craft a winning offer so you can stop looking at houses and start building wealth.
Requesting an agent is free, and there's no obligation to move forward until you find your perfect match.
1. Clinton
We've identified the 73601 zip code in Clinton as Oklahoma's best real estate investment market. Here's why.
🔎 Key data about Clinton
| Data point | Value | Rank in state (of 3,052 markets) |
|---|---|---|
| Zip code | 73601 | N/A |
| InvestScore | 100 | Highest |
| Typical property value | $110,688[1] | 19th lowest |
| Five-year appreciation | 46.00%[2] | 9th highest |
| Household income | $59,630[3] | 92nd highest |
| Affordability ratio | 1.9 | 8th most affordable |
| Five-year population growth | 1.1%[4] | 78th highest |
| Unemployment rate | 2.70%[5] | lowest |
| Property taxes | $949[6] | 40th lowest |
| Educational attainment | 22%[7] | 83rd highest |
Clinton (zip code 73601) is the best residential real estate investment market in Oklahoma. It has the 9th highest property value appreciation among markets we evaluated, with a 46.00% appreciation of the typical property over the last five years.
Clinton is the 8th most affordable market among the 3,052 Oklahoma markets we evaluated, with an affordability ratio of 1.9.
Buy your investment property with a top local realtor who specializes in helping real estate investors find great deals. Clever can connect you with investing pros at trusted brands like Keller Williams and RE/MAX.
Enter your zip code to get personalized agent matches sent straight to your inbox. Compare your options until you find the perfect fit, or walk away with no obligation. Try Clever's free service today!
2. Tulsa
The 74115 zip code in Tulsa is the runner-up spot for the best real estate investments in Oklahoma.
🔎 Key data about Tulsa
| Data point | Value | Rank in state (of 3,052 markets) |
|---|---|---|
| Zip code | 74115 | N/A |
| InvestScore | 92.2 | 2nd highest |
| Typical property value | $113,258[8] | 20th lowest |
| Five-year appreciation | 55.00%[9] | highest |
| Household income | $44,608[10] | 169th highest |
| Affordability ratio | 2.5 | 35th most affordable |
| Five-year population growth | 2.7%[11] | 34th highest |
| Unemployment rate | 3.70%[12] | 3rd lowest |
| Property taxes | $800[13] | 27th lowest |
| Educational attainment | 8.80%[14] | 138th highest |
The 74115 zip code in Tulsa features a typical property value of $113,258, the 20th lowest in the state.
Property values have appreciated 55.00% over the past five years, the highest increase among evaluated markets in the state. Tulsa homes have an affordability ratio of 2.5, the 35th most affordable in the state.
3. Dewey
The 74029 zip code in Dewey comes in at No. 3 in our ranking of the best residential real estate investment markets in Oklahoma.
🔎 Key data about Dewey
| Data point | Value | Rank in state (of 3,052 markets) |
|---|---|---|
| Zip code | 74029 | N/A |
| InvestScore | 86.8 | 3rd highest |
| Typical property value | $130,539[15] | 37th lowest |
| Five-year appreciation | 43.00%[16] | 18th highest |
| Household income | $57,821[17] | 108th highest |
| Affordability ratio | 2.3 | 21st most affordable |
| Five-year population growth | 1.2%[18] | 77th highest |
| Unemployment rate | 2.70%[19] | lowest |
| Property taxes | $1,293[20] | 78th lowest |
| Educational attainment | 21%[21] | 89th highest |
With a typical property value of $130,539, Dewey's 74029 zip code features the 37th lowest property values in the state.
Dewey homes have an affordability ratio of 2.3, the 21st most affordable among the markets we evaluated.
4. Shawnee
The 74801 zip code in Shawnee ranks No. 4 among Oklahoma's residential real estate investment markets.
🔎 Key data about Shawnee
| Data point | Value | Rank in state (of 3,052 markets) |
|---|---|---|
| Zip code | 74801 | N/A |
| InvestScore | 86.5 | 4th highest |
| Typical property value | $129,435[22] | 34th lowest |
| Five-year appreciation | 42.00%[23] | 25th highest |
| Household income | $55,077[24] | 25th highest |
| Affordability ratio | 2.4 | 25th most affordable |
| Five-year population growth | 0.7%[25] | 91st highest |
| Unemployment rate | 2.70%[26] | lowest |
| Property taxes | $1,001[27] | 48th lowest |
| Educational attainment | 22%[28] | 82nd highest |
Property values in Shawnee's 74801 zip code have seen the 25th highest increase among evaluated markets in the state, with an appreciation of 42.00% over the past five years.
Shawnee's affordability ratio of 2.4 makes it the 25th most affordable among the 3,052 markets we evaluated.
5. Duncan
The 73533 zip code in Duncan rounds out our top five residential real estate investment markets in Oklahoma.
🔎 Key data about Duncan
| Data point | Value | Rank in state (of 3,052 markets) |
|---|---|---|
| Zip code | 73533 | N/A |
| InvestScore | 86.4 | 5th highest |
| Typical property value | $130,098[29] | 36th lowest |
| Five-year appreciation | 46.00%[30] | 10th highest |
| Household income | $59,906[31] | 10th highest |
| Affordability ratio | 2.2 | 18th most affordable |
| Five-year population growth | -1.1%[32] | 149th highest |
| Unemployment rate | 2.70%[33] | lowest |
| Property taxes | $1,004[34] | 49th lowest |
| Educational attainment | 21%[35] | 89th highest |
Property values in Duncan's 73533 zip code rose 46.00% over the last five years, ranking the city 10th highest among evaluated markets in Oklahoma.
Duncan homes have an affordability ratio of 2.2, the 18th most affordable among the markets we evaluated.
Investing in residential real estate can be one of the best passive real estate investments in Oklahoma.
Residential real estate offers accessible passive income and the potential to compound your original investment.
Renting out residential units is the top way to invest in real estate. House hacking also offers a great opportunity for passive real estate investment income.
How we rank residential real estate markets in Oklahoma
To determine the best real estate investments in Oklahoma we evaluated 3,052 markets on eight metrics, and then assigned an InvestScore based on their weighted and combined rankings. Each market corresponds to a specific zip code in Oklahoma.
What is InvestScore?
InvestScore is a score on a scale of 0 (worst in state) to 100 (best in state) that estimates the residential real estate investment potential of a given market. It takes into account a suite of key data points for each city.
- Typical property value: This measures the typical home value in this zip code, according to the Zillow Home Value Index. It reflects the typical value for homes in the 35th to 65th percentile range, including all homes, with the numbers smoothed and seasonally adjusted. We prefer lower property values, which indicate both more room for growth and a greater ease of purchase. We assign a weight of 20% to typical property values.
- Property value appreciation: This measures how much property values have increased in the area over the past five years, according to the Zillow Home Value Index. We prefer a higher appreciation, as it indicates better returns on housing. However, past performance isn't indicative of future results. We assign a weight of 20% to property value appreciation.
- Median household income: This is the inflation-adjusted median household income in the zip code, according to U.S. Census American Community Survey data. We prefer a higher household income, as it indicates local residents have more income to spend on housing. We assign a weight of 10% to median household income.
- Affordability ratio: This is the ratio of the typical home value to the median household income in the area. A lower ratio is better because it means more households can afford a home, which indicates higher demand. We assign a weight of 15% to the affordability ratio.
- Population growth: This is how much the area's population has grown over the past five years, according to U.S. Census estimates. Higher is better, as it indicates residents are moving into the area at a rapid clip. We assign a weight of 10% to population growth.
- Unemployment rate: This is the unemployment rate in the area, according to U.S. Census data. We prefer a lower rate, as it indicates the availability of steady employment in the area, meaning residents will find it much easier to afford homes. We assign a weight of 15% to unemployment rate.
- Property tax: This is the median real estate property tax paid in the area, according to U.S. Census estimates. We assign a weight of 10% to property tax.
- Educational attainment: This is the percentage of residents in the area that have obtained a bachelor's degree or better, according to U.S. Census estimates. We prefer a higher rate because it indicates local residents who have higher earning potential and thus should be able to afford homes. We assign a weight of 15% to educational attainment.
🚨 Disclaimer: The information contained in this article isn't intended as, and shall not be understood or constituted as, financial advice. The information in this article isn't a substitute for financial advice from an investment professional or real estate agent who is aware of the facts and circumstances of your financial situation or the specifics of any individual property.
