The story of this market
The typical home in ZIP 74048 sells for about $149,000, or $103 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 74048 — Nowata
The housing market in 74048 remains stable with low inventory and modest price appreciation driven by local demand. Sales volume is limited, reflecting a quiet rural market where properties often stay on the market for extended periods. No major new developments are currently impacting the local supply.
This ZIP is best suited for budget-conscious family buyers and retirees seeking a quiet, rural lifestyle with affordable housing options and proximity to small-town amenities.
Median prices moved up 2.5% year over year.
Homes spend a median of 112 days on market with 8.5 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 4.2% · poverty 14.5% — 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 6.4%/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 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 74048, 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 Nowata are generally lower than the national average, though property crime remains the most frequently reported incident type in this rural setting.
Schools in the area are primarily served by Nowata Public Schools, which maintains a modest rating profile typical of small-town Oklahoma districts.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity, with flood risks concentrated near local creek beds.
Economic momentum is driven by local agriculture, small-scale retail, and regional services, with limited large-scale industrial development currently underway.
Property taxes are assessed at the county level by the Nowata County Assessor, with rates determined by local millage levies for schools and municipal services.
Commutes are primarily car-dependent, with residents traveling to nearby employment hubs like Bartlesville via US-169.
Recreation is centered on outdoor activities, including proximity to Oologah Lake for fishing and boating, and local community parks within the city of Nowata.
The rental market is characterized by low inventory and steady demand from local workers, with limited turnover and minimal short-term rental presence.
The local economy is anchored by agriculture, public administration, and small-scale manufacturing, with many residents commuting to larger employers in Bartlesville.
Transportation is almost exclusively via private vehicle, with US-169 serving as the primary north-south corridor for regional access.
There are no major large-scale commercial or residential developments currently approved or under construction within the ZIP code.
The Nowata County Assessor manages property valuations, utilizing a mass appraisal system for annual tax roll updates.
Parcels are subject to standard county and school district levies, with no significant MUD or PID districts reported.
Property insurance premiums are influenced by regional severe weather risks, including wind and hail exposure common to Northeast Oklahoma.
Data retrieved from data.census.gov 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 opportunities.
Hosts local community events and agricultural exhibitions.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.