McAlester, OK—74501
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — McAlester, OK
As of Oct '25, the median home price in McAlester, OK is $146,000, with a year-over-year change of 3.1%. This indicates that home prices in McAlester, OK are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $146,000 | 3.1% |
| Single Family | $146,000 | 3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $79,000 | -3.7% |
3 Bed | $155,000 | 4.0% |
4 Bed | $258,000 | 4.5% |
| 5 Bed | $309,000 | 4.0% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — McAlester, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in McAlester, OK is 79. This is a increase of 2.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $194,000 | -2.0% |
Listing Count | 193 | 16.0% |
| Listings as % of Homes | 0.8% | 16.0% |
Days on Market | 79 | 2.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — McAlester, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $146,000 |
| Median Household Income | $55,400 |