Broken Bow 2024 - Still a good idea or beware?

[Sarah Vo]

Hi everyone! I've been analyzing dozens of markets for STR, and Broken Bow seems to be a good fit for my goals. My priorities are cash flow and tax benefits, and I'm looking at purchasing a 2/2 that fits up to 10 and is along a body of water. I was really interested in a 1/1 on top of a hill (had a bit of a view) but was several miles north of Hochatown, so was talked out of it by my realtor. The 2/2 should be a home run according to my realtor.

I looked at past Bigger Pockets posts and found threads mostly from 2023 or older. I wanted to see if folks had feedback on how the market is doing this year… looking at AirDna (obviously historical data) , it seems like my numbers will work out. However I have heard from my STR coach that a lot of investors in the Broken Bow market are struggling. And I know that the tourism infrastructure (restaurants , activities) has some catching up to do aside from the new casino that is opening up. I'd love to assume a happy path scenario, but I know I need to do my due diligence and not just go off of one or two people's feedback.

What’s the real story? If you’re an investor in Broken Bow, I’d really appreciate your take! 

[Sarah Kensinger]

Born and raised Oklahoman here, and I have never understood why that little corner of the state turned into such a popular market! It's way too hot for hiking in the summer, and ugly in the winter once all the green is gone. So that only leaves a very small window of tourist enjoyment in the early spring and of course fall. Like already mentioned there's not much to do....2 days exploring the area would cover everything. 

I have also heard the market is not doing well and know there's a number of STR properties for sale in the area. So, I would definitely proceed with caution.