The story of this market
The typical home in ZIP 74863 sells for about $293,225, or $168 per square foot.
Prices are down 10.4% from a year ago, which gives buyers more room to negotiate. Homes take about 71 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 74863
The Tahlequah housing market is currently balanced, with a median listing price of $293,225 and a moderate pace of sales. While prices have seen a year-over-year decline, the market remains stable due to consistent demand from the local university and tribal employment base. Inventory levels are sufficient to meet current buyer interest without significant price volatility.
This ZIP is well-suited for families, university employees, and outdoor enthusiasts who value proximity to regional natural amenities and a stable, small-town economic environment.
Median prices moved down 10.4% year over year.
Homes spend a median of 71 days on market with 4.4 months of supply — a balanced-paced market.
21% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 19.5% — 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 8.3%/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 6.3%/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 74863, Cherokee County OK
Crime rates in the Tahlequah area are generally consistent with regional averages for rural Oklahoma, though property crime remains a primary focus for local law enforcement.
The area is primarily served by Tahlequah Public Schools, which maintains a standard curriculum and serves a diverse student body; ratings are generally moderate.
The region faces moderate risks from severe thunderstorms and occasional wind events, with localized flood risks near the Illinois River and surrounding tributaries.
Economic momentum is anchored by Northeastern State University and the Cherokee Nation headquarters, which provide stable employment and drive local infrastructure development.
Property taxes are assessed at the county level based on fair market value, with exemptions available for homesteads and veterans; no specific ZIP-level tax jurisdiction exists.
Commuting is primarily car-dependent, with residents traveling via US-62 and OK-51 toward regional employment hubs in Tulsa or local centers in Tahlequah.
The area is a hub for outdoor recreation, featuring proximity to the Illinois River for floating, Tenkiller Ferry Lake for boating, and numerous local parks and trails.
The rental market is influenced by student demand from the university, resulting in consistent vacancy pressure and stable rent growth.
The economy is heavily supported by the Cherokee Nation, Northeastern State University, and the regional tourism and healthcare sectors.
Transportation is dominated by private vehicle use; public transit options are limited, relying on regional highway connectivity.
Development is focused on expanding student housing and improving commercial infrastructure near the university corridor.
The Cherokee County Assessor manages property valuations, utilizing a mass appraisal system for annual tax rolls.
Parcels are subject to local school district taxes and county-wide levies for emergency services and health departments.
Property insurance premiums are influenced by regional weather patterns, specifically wind and hail risk common in Eastern Oklahoma.
Data retrieved from 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.
- Taylor Park Trading Post4.42.2 mi
- Gunnison National Forest4.811.4 mi
- Denny Creek Trailhead4.810.9 mi
- Silver Plume Rentals512.7 mi
- St. Elmo, CO4.712 mi
- Taylor Park Trading Post4.42.2 mi
- Gunnison National Forest4.811.4 mi
- Denny Creek Trailhead4.810.9 mi
- Cottonwood Pass57.1 mi
- Taylor Park Marina4.83.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional destination for floating, fishing, and camping.
Anchor institution providing cultural and economic activity.
Cultural landmark preserving Cherokee history and traditions.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).