Market Overview
Home Prices in McAlester, OK
The median home value in McAlester, OK is $159,613 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.7% compared to a year ago and up 2.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in McAlester are priced61% below average. McAlester is part of the McAlester, OK metro area.
Over the past five years, McAlester home values have risen by approximately27.3%, reflecting strong long-term appreciation in this market.
Price History
McAlester Home Price Trend
City Comparison
McAlester vs. National Median
At $159,613, homes in McAlester cost 61% below the national median of $410,000. This makes McAlester a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in McAlester?
20% Down Payment
$31,923
on $159,613
Monthly P&I
$832/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,057/mo
incl. taxes & insurance
Income Needed
$42,280
gross annual (30% rule)
10% Down Option
$15,961
+ PMI applies
Loan Amount (20% dn)
$127,690
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in McAlester, OK?
The median home value in McAlester is $159,613 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.7% year-over-year.
How much have home prices changed in McAlester?
Over the past year, home values in McAlester have increased by 5.7%. Over five years, prices have risen approximately 27.3%.
How much do I need to earn to buy a home in McAlester?
To comfortably afford the median home price of $159,613 with a 20% down payment ($31,923) at today's rates (6.8%), you'd need a gross annual income of approximately $42,280. This assumes keeping total housing costs at or below 30% of gross income.
How does McAlester compare to the national average home price?
The national median home value is approximately $410,000. At $159,613, homes in McAlester are 61% below the national average.
What metro area is McAlester part of?
McAlester is part of the McAlester, OK metropolitan area. Home prices and market conditions can vary across the broader metro region.