McAlester, OK 74501 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

McAlester, OK—74501

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$148,000

3.2% YoY Growth

Household Income

$55,400

17.3% YoY Growth

Days on Market

103

24.0% Longer YoY

Home Price Forecast

1.1%

Median Rent

$1,400

15.4% YoY Growth

1-Bed Rent

$875

N/A

2-Bed Rent

$900

15.0% YoY Growth

3-Bed Rent

$1,500

17.2% YoY Growth

Home Price Trends — McAlester, OK

As of Dec '25, the median home price in McAlester, OK is $148,000, with a year-over-year change of 3.2%. This indicates that home prices in McAlester, OK are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$148,000	3.2%
Single Family	$148,000	3.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — McAlester, OK

As of July '25, Rentcast reports the average rent in McAlester, OK is $1,350, with a year-over-year rent change of 15.4%. Per bedroom, the median rent as of July '25 in McAlester, OK is studios: $1,250, 1-bedrooms: $875, 2-bedrooms: $1,090, 3-bedrooms: $1,500, 4-bedrooms: $1,500. The most common rental property sizes in McAlester, OK are 2-bedroom and 3-bedroom, accounting for 38.7% and 35.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,400	$1,350
Studio Rent	$1,250	$1,250
1 Bed Rent	$875	$875
2 Bed Rent	$900	$1,090
3 Bed Rent	$1,500	$1,500
4 Bed Rent	$1,500	$1,500

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% of Rental Stock

Studio

1.6%

1 Bedroom

19.1%

2 Bedrooms

38.7%

3 Bedrooms

35.1%

4 Bedrooms

4.5%

5+ Bedrooms

0.9%

Property Listings — McAlester, OK

As of Dec '25, Realtor.com reports that the median days on market for a home in McAlester, OK is 95. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$196,000	2.0%
Listing Count	156	17.0%
Listings as % of Homes	0.8%	17.0%
Days on Market	103	24.0%

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Demographics — McAlester, OK

As of the latest ACS Survey released in 2023, McAlester, OK has a population of 28,700, which has increased by 2.4% over the past 5 years. McAlester, OK is a moderately popular place for families, as children make up 23.4% of the population. The area has a poorly educated workforce, with 20.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	28,700	2.4%
% Under 18	23.4%	2.6%
% Seniors	17.8%	4.7%
% WFH	7.8%	254.5%
% w/ College Degree	20.8%	22.4%

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As of the latest ACS Survey released in 2023, McAlester, OK is a predominantly white area, with 66.5% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in McAlester, OK is hispanic, making up 6.4% of the population. Foreign-born residents account for 1.6% of the population in McAlester, OK, and this percentage has decreased by 40.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	66.5%	-3.1%
% Black	3.1%	-20.5%
% Hispanic	6.4%	10.3%
% Asian	0.6%	20.0%
% Foreign Born	1.6%	-40.7%

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Mortgage and Risk — McAlester, OK

According to HUD data as of 2023, there were 394 mortgage originations in McAlester, OK, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in McAlester, OK. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	394
% Conventional Loans	60.0%
% Government Loans	40.0%
% Investor Loans	5.0%
% Second Loans	4.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — McAlester, OK

McAlester, OK lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	656
Total Units Section 8	303
% Rentals under Section 8	N/A
% Occupied Section 8	88.8%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$65	$875	$810
2 Bedroom	$70	$900	$970
3 Bedroom	-$250	$1,500	$1,250
4 Bedroom	$130	$1,500	$1,630

McAlester, OK—74501

Key Metrics at a Glance

Home Price Trends — McAlester, OK

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — McAlester, OK

% of Rental Stock

Property Listings — McAlester, OK

Demographics — McAlester, OK

Race and Ethnicity

Mortgage and Risk — McAlester, OK

Mortgages

Rentals and Section 8 — McAlester, OK

Section 8 Market Size

Section 8 Opportunity

Affordability — McAlester, OK

Home Price to Income Ratio

McAlester, OK — ZIP Code Boundary Map

Nearby ZIP Codes

Krebs

Indianola, OK

Alderson

Savanna

Crowder

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.4
Median Home Price	$148,000
Median Household Income	$55,400

McAlester, OK—74501

Key Metrics at a Glance

Home Price Trends — McAlester, OK

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — McAlester, OK

% of Rental Stock

Property Listings — McAlester, OK

Demographics — McAlester, OK

Race and Ethnicity

Mortgage and Risk — McAlester, OK

Mortgages

Rentals and Section 8 — McAlester, OK

Section 8 Market Size

Section 8 Opportunity

Affordability — McAlester, OK

Home Price to Income Ratio

McAlester, OK — ZIP Code Boundary Map

Nearby ZIP Codes

Krebs

Indianola, OK

Alderson

Savanna

Crowder

Frequently Asked Questions

What is the average home price in McAlester, OK 74501?

How have home prices in McAlester, OK 74501 changed over the past year?

What is the home price projection for McAlester, OK 74501?

What are the demographics of McAlester, OK 74501?

How long does it take homes to sell in McAlester, OK 74501?

What is the average rent price in McAlester, OK 74501?