Broken Bow, OK
Oklahoma's cabin hotspot - fastest-growing inland STR market
Broken Bow and the Beavers Bend area have emerged as one of the fastest-growing STR markets in the South Central US over the past five years. Oklahoma's Ouachita Mountains, the Broken Bow Lake, and Beavers Bend State Park create a year-round cabin escape for Dallas (3 hours), Oklahoma City (3.5 hours), and Tulsa (2.5 hours).
Across 48 active STR-viable listings analyzed this month, Broken Bow shows a 2.6% median cap rate at a $560K median list price, 30% occupancy, and $296/night. That ranks #34 of 57 markets in STRROI's live ranking. At typical prices, cash flow is tight: most listings only pencil out with a large down payment, a below-list purchase, or above-market nightly rates.
Broken Bow real estate market right now
As of October 16, 2026, STRROI is tracking 48 homes for sale in Broken Bow that could run as short-term rentals, at a median list price of $559,950. The middle half are priced between $400K and $675K. That works out to a median of $320 per square foot for a typical 1,710 square foot home. Homes here have been on the market 101 days on average, close to the 101 days typical across the 56 markets in STRROI's ranking. 17 of them were listed in the last 30 days.
These numbers cover the homes for sale STRROI analyzes as potential short-term rentals in Broken Bow, mainly ZIP 74728. They are not every home sale in the area, so they can differ from MLS-wide figures. Month-by-month price history starts Oct 2026 and fills in as the market is re-checked each month.
What's for sale in Broken Bow right now
Of the 48 homes for sale we analyzed in Broken Bow, 1 (2%) project positive monthly cash flow with 20% down at a 7.5% rate, and none rate Buy or better on STRROI's 1-10 scale. 3-bedroom homes are the most common (19 for sale, median $599K). Returns are strongest in 4-bedroom homes at a 2.9% median cap rate, and weakest in 5+ bedroom homes at 2.3%. By property type, multi-family lead at a 2.7% median cap rate across 3 listings.
- Weak: 8
- Avoid: 40
| Beds | For sale | Median price | Cap rate |
|---|---|---|---|
| 2 | 12 | $412K | 2.4% |
| 3 | 19 | $599K | 2.5% |
| 4 | 10 | $670K | 2.9% |
| 5+ | 6 | $1.9M | 2.3% |
| Type | For sale | Median price | Cap rate |
|---|---|---|---|
| Single-family homes | 41 | $550K | 2.6% |
| Manufactured homes | 4 | $450K | 2.3% |
| Multi-family | 3 | $950K | 2.7% |
Top-ranked homes for sale in Broken Bow this month
Scored 1-10 against real Airbnb comps. Addresses, photos and the full underwriting are in the app.
- #1Weak · 4/1032 bd · 16 ba multi-family propertyZIP 74728 · listed at $950K
- Cap rate
- 7.7%
- Cash flow
- +$812/mo
- Nightly
- $595 at 30%
- #2Weak · 4/103 bd · 1 ba single-family homeZIP 74728 · listed at $139K
- Cap rate
- 5.0%
- Cash flow
- -$196/mo
- Nightly
- $167 at 30%
- #3Weak · 4/104 bd · 3 ba single-family homeZIP 74728 · listed at $272K
- Cap rate
- 4.4%
- Cash flow
- -$525/mo
- Nightly
- $258 at 30%
How Broken Bow compares
Broken Bow ranks #3 of 6 South Central markets in STRROI's live ranking; South Padre Island leads the region with a median cap rate of 4.8%. Its 2.6% cap rate is 0.3 points below the 2.9% median across all 57 ranked markets, and its $560K typical list price is close to the South Central median of $551K.
| Rank | Market | Cap rate | Typical price |
|---|---|---|---|
| #12 | South Padre Island, TX | 4.8% | $794K |
| #26 | Port Aransas, TX | 3.4% | $543K |
| #34 | Broken Bow, OK | 2.6% | $560K |
| #36 | Fredericksburg, TX | 2.4% | $465K |
| #37 | Galveston, TX | 2.4% | $380K |
| #48 | Austin, TX | 2.0% | $787K |
Rank is national, by median cap rate across active STR-viable listings. Cash flow uses STRROI's default financing assumptions. See the full ranking
Estimated Annual Performance
* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.
Why Investors Choose Broken Bow
Broken Bow STR investing, answered
Is Broken Bow, OK a good short-term rental market?
Broken Bow is a South Central STR market with a 2.6% median cap rate, 30% annual occupancy, and $296/night across STR-viable listings, based on 48 active listings. It ranks #34 of 57 markets by median cap rate in STRROI's live ranking. This month none of its 48 homes for sale rate Buy or better.
What is the average Airbnb occupancy rate in Broken Bow?
STR-viable properties in Broken Bow average about 30% occupancy across the year. Peak season is Year-round (peaks: fall foliage, spring, holidays). Occupancy here reflects availability-adjusted booking performance, not raw calendar occupancy, so it represents what a full-time operated rental can realistically achieve.
How much do short-term rentals earn in Broken Bow?
At $296/night and 30% occupancy, a typical Broken Bow STR grosses roughly $32,844 per year before expenses, leaving an estimated $19,706 in net operating income. Across analyzed listings the median cap rate is 2.6%. Individual results depend on property, amenities, and management.
What types of properties work best for STR in Broken Bow?
Among homes for sale right now, 4-bedroom homes post the strongest median cap rate by size (2.9%), and multi-family lead by property type (2.7%). With guests, the best-performing STR types here are Cabin, A-Frame, Treehouse, Single Family. Matching the local guest profile and the amenities that drive bookings matters more than raw square footage.
How many homes for sale in Broken Bow cash flow as an Airbnb?
1 of 48 STR-viable listings (2%) project positive monthly cash flow after the mortgage, assuming 20% down at a 7.5% rate on a 30-year loan. The top-ranked listing this month is a 32-bedroom multi-family property in ZIP 74728 listed at $950K, projecting a 7.7% cap rate and +$812 a month.
What is the median home price in Broken Bow, OK right now?
The median list price of the 48 homes for sale STRROI tracks in Broken Bow is $559,950, and the middle half are priced between $400K and $675K. The median price per square foot is $320. These are homes that could run as short-term rentals, mainly ZIP 74728, not every sale in the area. Against a 2.6% median cap rate, that price level sets the return baseline you'd underwrite against.
How long do homes stay on the market in Broken Bow?
Homes for sale in Broken Bow have been listed 101 days on average, close to the 101 days typical across the 56 markets in STRROI's ranking. 17 of them were listed in the last 30 days.
Market averages, not guarantees. Cap rates, occupancy, and nightly rates are market-wide averages based on active STR listings and historical data. Individual property performance depends on location, amenities, management, and listing quality. Always run a full underwriting analysis before purchasing.Stats sourced from 48 active listings · last updated Oct 16, 2026
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