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Nowata city, OK

ZIP 74048 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 74048

Median Home Value
$119,300
Median Rent
$540
Affordability Snapshot
$33,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$766/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 74048 in Nowata city, OK, a household would need roughly $33,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $766. That sits below the local median household income ($51,346), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 15% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
69.1%+6% vs US avg
x
Vacancy Rate
15.0%+46% vs US avg
x
Broadband Access
73.9%-15% vs US avg
x
4+ Bedrooms
2.2%-85% vs US avg
x
Built Pre-1939
10.7%-16% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
16.5%-67% vs US avg
x
Mortgage-Free
54.6%+43% vs US avg
x
$119,300
Home Value
$540
Rent
1973
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached76.7%
  • 1-unit attached0.6%
  • 2-9 units12.6%
  • 10+ units0.1%
  • Mobile home & other10.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$119,300
Median rent$540
Owner-occupied69.1%
Vacant15.0%
Price-to-income2.3x
Est. income to buy$33,000