The story of this market
The typical home in ZIP 74042 sells for about $145,000, or $98 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 82 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 74042 — Lenapah
The housing market in 74042 is characterized by low inventory and slow turnover, reflecting a stable, rural environment. Prices have seen modest year-over-year growth, driven by limited supply rather than high demand. Most metrics, including active listings and sales counts, remain at low levels consistent with the area's small population.
This ZIP is best suited for rural-lifestyle seekers, retirees, or local workers who prioritize affordability and a quiet, small-town environment over proximity to urban amenities.
Median prices moved up 3.2% year over year.
Homes spend a median of 82 days on market with 7.0 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 16.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 74042, Nowata County, OK
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Lenapah are generally low, consistent with rural Nowata County trends, though limited reporting makes regional comparisons difficult.
The area is served by the Lenapah/Nowata school system, which provides a small-town educational environment with limited extracurricular offerings compared to larger districts.
The region faces moderate risk from severe thunderstorms and occasional flooding near the Verdigris River basin, with standard insurance coverage typically available.
Economic momentum is slow, driven primarily by local agriculture and small-scale services, with limited new commercial or industrial development reported.
Property taxes are assessed by Nowata County based on local millage rates, which include funding for school districts and county services; no special MUD or PID districts are prevalent.
Commutes are primarily car-dependent, with residents traveling to Nowata or Bartlesville for employment via US-169.
Recreation is centered on outdoor activities, including proximity to Oologah Lake for fishing and boating, with limited local shopping and dining options.
The rental market is small and primarily composed of single-family homes, with low turnover and limited institutional investor presence.
The local economy is heavily reliant on agriculture, ranching, and small-scale retail, with many residents commuting to larger nearby hubs for employment.
Transportation is entirely road-based, with US-169 serving as the primary artery for regional connectivity.
There are no major commercial or residential developments currently approved or under construction in the ZIP.
The Nowata County Assessor manages property valuations, typically reassessing based on market trends and state-mandated cycles.
Parcels are subject to Nowata County school district taxes and local municipal levies.
Property insurance premiums are stable but sensitive to regional weather-related claims, particularly wind and hail damage.
Net domestic migration is neutral, with a stable population base.
Oklahoma is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a residential property condition disclosure statement to buyers.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Major regional reservoir providing fishing, boating, and camping access.
Local community green space for outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.