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McAlester

Learn about the people, housing, costs and businesses in McAlester, Oklahoma

Median Home$143,137
Median Rent$879/month
Population17,974
Leading IndustriesManufacturing · Professional Services1% manufacturing
Home Value Growth⬆⬆+14.1% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners59% of occupied units
NotableAmenity Score75/100 · highly walkable area
NotableTransit80/100 · excellent transit access
McAlester
OK

Frequently Asked Questions

What are today's mortgage rates in McAlester?

As of today, the 30-year fixed mortgage rate for McAlester is approximately 6.961% (7.002% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in McAlester?

The median home value in McAlester is $143k. The median monthly rent is $879. Annual property taxes average $871. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in McAlester?

Home values in McAlester have increased 14.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in McAlester?

Based on a typical all-in ownership cost of $817/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in McAlester is $49k/year.

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What industries drive the economy in McAlester?

The largest employment sectors in McAlester are public administration (20%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.