The story of this market
The typical home in ZIP 74860 sells for about $257,500, or $78 per square foot.
Prices are down 23.3% from a year ago, which gives buyers more room to negotiate. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 74860 — Paden
The housing market in 74860 is currently experiencing a correction with a significant year-over-year decline in median prices and low sales volume. High inventory relative to the current sales pace suggests a buyer-friendly environment, though limited data points make broader trend analysis difficult. Market activity remains stable but cautious as local economic conditions persist.
This ZIP is well-suited for families and individuals seeking a quiet, small-town lifestyle with affordable housing options, while remaining within commuting distance of larger regional employment centers.
Median prices moved down 23.3% year over year.
Homes spend a median of 65 days on market with 13.3 months of supply — a slower-moving market.
5% of listings have cut prices · homes sell at 95.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 14.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 74860, Lincoln 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.
The area is served by Prague Public Schools, which generally maintains a community-focused educational environment typical of rural Oklahoma.
The region is subject to standard Oklahoma risks including severe thunderstorms, tornadoes, and occasional flooding, necessitating standard hazard insurance coverage.
Economic momentum is driven by local agricultural, manufacturing, and small-business sectors, with steady but modest infrastructure development.
Property taxes are assessed at the county level by Lincoln County, with rates determined by local millage for school districts and municipal services.
Commuting is primarily car-dependent, with residents typically driving to employment hubs in Shawnee or the Oklahoma City metro area via Highway 99 and I-40.
Local amenities include Prague Lake for fishing and recreation, several community parks, and a historic downtown area with local dining and shopping.
The rental market is characterized by limited inventory and high demand for affordable housing, with the local housing authority managing a small stock of assisted units.
The local economy is anchored by agriculture, manufacturing, and local government services, with many residents commuting to larger nearby cities for employment.
Transportation is almost exclusively private vehicle-based, relying on state highways and proximity to I-40 for regional connectivity.
Development is primarily focused on small-scale residential infill and local commercial improvements.
The Lincoln County Assessor manages property valuations for tax purposes, following standard Oklahoma assessment practices.
Parcels are subject to local school district taxes and municipal levies for the Town of Prague.
Property insurance premiums are influenced by regional exposure to severe weather events, including wind and hail damage.
Data retrieved from US Census Bureau ZCTA-level 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.
Provides local opportunities for fishing, boating, and outdoor recreation.
Historic district featuring local businesses and community events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.