The story of this market
The typical home in ZIP 74501 sells for about $179,900, or $115 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 78 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 74501 — McAlester
The housing market in 74501 is characterized by steady, modest price growth and a balanced inventory level. Demand remains consistent, driven by local employment stability, though the market lacks the rapid appreciation seen in larger metropolitan areas. Figures for specific metrics like price-cut percentages and months of supply are based on current portal data, while demographic data is sourced from the most recent ACS estimates.
This ZIP is well-suited for families and local workers seeking affordable housing options, as well as investors looking for steady rental yields in a stable, small-city environment.
Median prices moved up 2.5% year over year.
Homes spend a median of 78 days on market with 6.2 months of supply — a balanced-paced 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 5.2% · poverty 17.4% — 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 4.5%/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 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 74501, Pittsburg 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 McAlester are generally higher than the national average, with property crime being the most frequently reported issue in the region.
Schools in the area are primarily served by McAlester Public Schools, which maintain a moderate rating profile compared to state averages.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity, with flood zones concentrated near local creek beds.
Economic momentum is driven by the McAlester Army Ammunition Plant and regional healthcare services, with steady but modest infrastructure investment.
Property taxes are assessed at the county level by the Pittsburg County Assessor, with rates determined by local millage levies for schools and municipal services.
Commuting is primarily car-dependent, with most residents traveling within the city or to nearby industrial hubs via US-69 and US-270.
The area features access to Lake McAlester for fishing and boating, alongside several municipal parks and local shopping districts along the main commercial corridors.
The rental market is characterized by moderate vacancy pressure and steady demand, with a significant portion of the stock consisting of single-family homes.
The economy is anchored by the McAlester Army Ammunition Plant, regional healthcare providers, and a diverse mix of retail and service-sector businesses.
The area is served by major highway corridors including US-69 and US-270, which facilitate regional transit and freight movement.
Development is focused on small-scale commercial infill and infrastructure maintenance rather than large-scale residential expansion.
The Pittsburg County Assessor manages property valuations, utilizing a mass appraisal system for annual tax roll updates.
Parcels are subject to school district levies and various municipal utility district assessments for water and sewer services.
Property insurance premiums are influenced by regional exposure to severe weather, including wind and hail risks common in eastern Oklahoma.
Net domestic migration is relatively stable, with modest turnover typical of a regional industrial hub.
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 at the time of sale.
Data retrieved from data.census.gov ZCTA 74501 profile.
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 local reservoir offering fishing, boating, and picnic areas.
Central community park with walking trails and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.