The story of this market
The typical home in ZIP 74857 sells for about $282,000, or $148 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 74857
The 74857 housing market shows steady demand for single-family homes, driven by buyers seeking rural space within commuting distance of Oklahoma City. While inventory remains tight, the market is balanced by moderate price growth and consistent interest from families. Investors should note the elevated vacancy rate and the specific requirements of rural property management.
This ZIP is best suited for family buyers and commuters seeking larger lot sizes and a rural lifestyle while maintaining access to the Oklahoma City metro area.
Median prices moved up 4.2% year over year.
Homes spend a median of 68 days on market with 4.2 months of supply — a balanced-paced market.
13% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 9.2% — 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 6.1%/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 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 74857, Cleveland County OK
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Newalla area are generally lower than the Oklahoma City metro average, with property crime being the primary concern in rural residential pockets.
Schools serving the 74857 area are primarily part of the McLoud and Choctaw-Nicoma Park school districts, which maintain moderate performance ratings.
The area is subject to standard Oklahoma severe weather risks, including high winds and tornado activity, necessitating adequate wind and hail insurance coverage.
Economic momentum is driven by its proximity to the Oklahoma City employment core and the expansion of residential development along the I-40 corridor.
Property taxes are assessed by Cleveland County based on fair market value, with standard homestead exemptions available for primary residences.
Commuting from 74857 to downtown Oklahoma City typically requires a 30-40 minute drive via I-40, as there is no significant public transit infrastructure.
The area offers access to rural outdoor activities, including local parks and proximity to Lake Thunderbird State Park for boating and fishing.
The rental market is characterized by low inventory and high demand for single-family detached homes, with limited multi-family options available.
The economy is largely supported by the Oklahoma City metro labor market, with local employment concentrated in agriculture, construction, and small-scale retail.
Transportation is entirely dependent on private vehicles, with I-40 serving as the primary artery for regional connectivity.
Development is focused on low-density residential subdivisions and rural residential expansion.
Parcels are subject to local school district taxes and potential rural fire protection district assessments.
Property insurance premiums are influenced by regional severe weather exposure, particularly wind and hail risk.
Data retrieved from data.census.gov ZCTA 74857 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.
Major regional destination for boating, fishing, and camping.
Local recreational space for community gatherings.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).