The story of this market
The typical home in ZIP 74937 sells for about $121,000, or $83 per square foot.
Prices are roughly flat from a year ago (+0.83%), a market in balance. Homes take about 94 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $764 a month.
ZIP 74937 — Heavener
The housing market in 74937 is characterized by very low home values and high vacancy rates, reflecting a stagnant economic environment. While housing is highly affordable, the lack of job growth and high poverty rates continue to suppress market activity. Most data points for sales volume and price cuts are not published at the ZIP level, indicating a low-liquidity market.
This ZIP is best suited for budget-conscious buyers or those seeking a quiet, rural lifestyle, as it offers very low home prices compared to national averages.
Median prices moved up 0.8% year over year.
Homes spend a median of 94 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.6% · poverty 26.4% — 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 4.0%/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 10.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 74937, Le Flore County, OK
The area is served by Heavener Public Schools, which generally reflects the educational outcomes of a rural, lower-income socioeconomic environment.
FEMA’s National Risk Index rates natural-hazard risk for Heavener as Relatively Moderate with a composite score of 82.7.
The local economy is primarily driven by manufacturing, healthcare, and retail trade, with limited large-scale infrastructure or corporate development momentum reported.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Oklahoma) — Ad Valorem Property Tax: Property is assessed at a ratio between 10% and 22.85% of fair cash value as determined by the county. Annual increases in assessed value for homestead and agricultural property are capped at 3% per year. Tax is calculated by applying the local millage rate to the assessed value.
The mean commute time is approximately 180 minutes, reflecting the rural nature of the area and reliance on personal vehicles for transportation.
The area offers a calm, rural atmosphere with access to outdoor activities in the surrounding hills and mountains, though urban amenities are limited.
The rental market is characterized by low-density housing, with a median gross rent of $764 and limited inventory of multi-family units.
The economy is centered on manufacturing, healthcare, and retail trade, with a significant portion of the population employed in these sectors.
Transportation is almost entirely dependent on personal vehicles; there is no significant public transit infrastructure.
There are no major large-scale commercial or residential developments currently reported for this ZIP code.
Le Flore County manages property assessments, which are generally low relative to national market values.
Parcels are subject to standard county and school district taxation; no specific MUD or PID districts are reported.
Property insurance premiums are influenced by the moderate natural hazard risk profile of the region.
Data retrieved from US5.com and U.S. Census Bureau ACS 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. Source: NCES EDGE public school locations 2023-24.
A historic site featuring a runestone and hiking trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.