The story of this market
The typical home in ZIP 74953 sells for about $174,400, or $115 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 40 days to sell. HUD's fair market rent for a two-bedroom is $710 a month.
ZIP 74953 — Poteau
The housing market in 74953 remains stable with modest year-over-year price growth of 2.5%. Demand is supported by local institutional employment, though elevated mortgage rates continue to temper overall activity. Inventory remains balanced, and the area continues to offer an affordable alternative to larger regional metros.
This ZIP is well-suited for local families and long-term residents seeking an affordable cost of living, as well as those employed by the area's institutional and educational anchors.
Median prices moved up 2.5% year over year.
Homes spend a median of 40 days on market with 4.5 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 99.1% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 14.8% — a stable, low-distress 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 2.9%/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 4.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 74953, Le Flore County OK
The area is served by Poteau Public Schools, which generally maintains a stable reputation within the regional Le Flore County educational landscape.
The region is subject to standard Oklahoma weather risks, including severe thunderstorms and wind events; property insurance remains a standard market consideration.
Economic momentum is driven by local institutional anchors, including educational facilities and regional healthcare services, with steady but modest development.
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.
Commuting is primarily car-dependent, with residents utilizing local highway corridors for access to regional employment hubs in Poteau and surrounding Le Flore County.
The area features access to local parks, outdoor recreation near Poteau Mountain, and basic shopping and dining amenities located primarily along the Broadway corridor.
The rental market shows moderate pressure with a significant portion of the housing stock being owner-occupied; vacancy rates for rentals are reported at approximately 24.8%.
The local economy is anchored by education, healthcare, and institutional services, with a mix of small business and regional retail.
Transportation is dominated by private vehicle use, with Highway 59 and Highway 112 serving as the primary transit arteries.
Development is largely focused on residential infill and maintenance of existing commercial infrastructure along the main thoroughfares.
Le Flore County Assessor manages property valuations, typically reassessing based on market trends and state-mandated cycles.
Parcels are subject to standard county and municipal tax levies, with no major MUD/PID districts reported.
Property insurance premiums are influenced by regional exposure to severe weather, including wind and hail risks common in Eastern Oklahoma.
Oklahoma operates as a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a residential property condition disclosure statement to buyers.
Data retrieved from US Census Bureau ZCTA 74953 profile.
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.
Provides significant outdoor recreation and scenic views for the area.
The primary commercial hub for the city of Poteau.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.