Real Estate Investing in McAlester, Oklahoma (74501)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74501 (McAlester, OK)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.8% of homes vacant — above national norms.
What’s happening in McAlester, OK (74501)?
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Market Analysis: 74501 McAlester
Not every below-median market is a bargain. McAlester's 74501 ZIP shows signals that favor experienced operators who can absorb the risk $154K pricing implies.
For an experienced owner, 74501 can be a a credible choice for hunting ground — but the discount at $154K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in McAlester have seen price recovery that 74501 has not matched. Pittsburg County data supports the view that the spread is structural rather than temporary.
Who lives in 74501 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 74501 is an operator game, not a passive one. On balance, entry prices of $154K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in McAlester:
Property Strategy for 74501
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $78,979 | $980 | 8.9% | +4.9% | $39,490 |
| 3BR | $155,017 | $1,300 | 6.0% | +6.9% | $51,672 |
| 4BR | $258,099 | $1,640 | 4.6% | +7.3% | $64,525 |
| 5BR | $309,282 | — | — | +6.3% | $61,856 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 74501 Compare?
| Metric | 74501 | McAlester | McAlester, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $154,305 | $154,305 | N/A | $214,563 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 6.9% |
| Avg Rent | $1,045 | $1,045 | N/A | - |
| Cap Rate | 5.3% | 5.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74501 (McAlester, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $154,305 |
| Monthly Rent | $1,045 |
| Price-to-Rent | 12.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.1% |
| Cap Rate | 5.3% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 74501
Population: 28,687
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 74501
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What type of investing works in McAlester, OK?
A careful cash-flow rentals with hands-on management strategy McAlester, OK best. The market produces consistent results for that approach at the $154K price point.
Is housing expensive in McAlester, OK?
McAlester, OK home values average about $154K. That price point suits investors targeting rentals with $1,045/mo in monthly income.
Do landlords face vacancy issues in McAlester, OK?
Expect elevated vacancy in McAlester, OK. Rents at $1,045/mo are absorbed by the tenant base without meaningful lag.
Can I live-in-and-rent in McAlester, OK?
House hacking in McAlester, OK is a challenging. With home values around $154K and rents at $1,045/mo, owner-occupants can offset a meaningful share of PITI.
What monthly rent should investors expect in McAlester, OK?
Average rent in McAlester, OK is approximately $1,045/mo per month. Against $154K home values that yields a reasonable rent-to-price ratio.
You know 74501 now. You don’t know where it ranks.
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How 74501 ranks in McAlester, OK
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