The story of this market
The typical home in ZIP 74538 sells for about $229,000, or $115 per square foot.
Prices are up +5.5% from a year ago, so sellers still have some momentum. Homes take about 108 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 74538 — Coalgate
The housing market in 74538 is characterized by low inventory and slow turnover, typical of a rural Oklahoma market. Prices have seen modest appreciation, but the market remains highly affordable compared to national averages. Current conditions are stable with little speculative activity.
This ZIP is best suited for local families, retirees, and individuals seeking affordable rural living, as it lacks the employment density and amenities required by urban commuters or high-end investors.
Median prices moved up 5.5% year over year.
Homes spend a median of 108 days on market with 15.0 months of supply — a slower-moving market.
10% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 18.5% — a mixed stability 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 5.8%/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 3.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 74538, Coal 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.
Public schools in the area are primarily served by Coalgate Public Schools, which generally maintain modest performance ratings consistent with rural Oklahoma districts.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity; flood risk is localized to specific low-lying areas near creeks.
Economic momentum is limited, with the local economy anchored by agriculture, local government, and small-scale retail services.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. City (Coalgate, Oklahoma) — Municipal Sales and Use Tax: A 3% municipal sales tax rate is applied to taxable transactions, in addition to state and county levies. City (Coalgate, Oklahoma) — Ad Valorem Property Tax: The tax is calculated by applying a millage rate to the assessed value of the property. The assessed value is determined by applying a 12.00% fractional assessment percentage to the fair market value of the real property.
Commuting is primarily car-dependent, with residents typically traveling to nearby regional hubs for employment; public transit is not available.
Local amenities include small community parks and proximity to rural outdoor activities like fishing and hunting; shopping is limited to local convenience stores and small-town retail.
The rental market is characterized by low inventory and modest demand, with limited turnover and few institutional investors.
The economy is primarily driven by local government, education, and agricultural services, with limited industrial or corporate presence.
Transportation is entirely reliant on personal vehicles, with no public transit infrastructure available in the county.
There are no major commercial or residential developments currently approved or under construction in the ZIP code.
The Coal County Assessor manages property valuations, which are updated periodically based on market sales and state guidelines.
Parcels are subject to standard county and school district taxation; no special utility or hospital districts are reported.
Property insurance premiums are influenced by regional weather risks, including wind and hail exposure common in southeastern Oklahoma.
Oklahoma is a judicial foreclosure state, requiring court action to complete 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.
Local community park providing basic recreational space.
Small local museum highlighting regional history.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.