The story of this market
The typical home in ZIP 74502 sells for about $187,500, or $105 per square foot.
Prices are up +18.3% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 74502 — McAlester
The housing market in 74502 is experiencing steady price appreciation driven by limited inventory and consistent demand for affordable housing. While the ZIP code itself is a postal facility, the surrounding McAlester market shows strong year-over-year growth. Buyers are primarily local residents, and the market remains stable despite broader economic headwinds.
This area is best suited for local workers, families seeking affordable housing, and retirees looking for a low cost of living in a small-town environment.
Median prices moved up 18.3% year over year.
Homes spend a median of 68 days on market with 3.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 16.5% — 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 7.8%/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 4.8%/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 74502, Pittsburg County OK
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 maintains 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 identified near local creek beds.
Economic momentum is driven by the Oklahoma State Penitentiary, local manufacturing, and regional healthcare services, with steady but modest infrastructure investment.
Property taxes are assessed by Pittsburg County based on fair market value, with standard homestead exemptions available for primary residences.
Commuting is primarily car-dependent, with most residents traveling within the city or to nearby industrial hubs via US-69 and US-270.
Residents have access to local parks, the McAlester Expo Center, and proximity to Lake Eufaula for boating and fishing activities.
The rental market is characterized by high demand for affordable single-family units, with limited new multi-family construction keeping vacancy rates low.
The economy is anchored by the Oklahoma Department of Corrections, regional healthcare providers, and a mix of retail and manufacturing businesses.
The city is served by the intersection of US-69 and US-270, providing primary transit corridors for regional logistics and commuting.
Development is focused on small-scale commercial infill and infrastructure upgrades to support existing residential neighborhoods.
The Pittsburg County Assessor manages property valuations, conducting periodic reappraisals to ensure tax equity across the county.
Parcels are subject to McAlester Public Schools and various county-level utility and emergency service districts.
Property insurance premiums are influenced by regional exposure to severe weather, including wind and hail risks common in Oklahoma.
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.
A central community park featuring walking trails and playgrounds.
Hosts regional rodeos, trade shows, and community events.
Major regional reservoir providing extensive boating, fishing, and camping opportunities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.