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ZIP 74602 — Housing & Real Estate

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

Working Class

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 74602

Median Home Value
$55,600
Median Rent
$520
Affordability Snapshot
$15,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$357/mo PITI).

17%
Rent-to-Income Ratio

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

1.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

8.9 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 74602, a household would need roughly $15,000 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 $357. That sits below the local median household income ($36,968), 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 27% — check local market conditions.

Heating Fuel
Housing Metrics

Historic housing stock (23% built before 1939)

Owner Occupied
52.3%-20% vs US avg
x
Vacancy Rate
26.8%+161% vs US avg
x
Broadband Access
80.0%-8% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
22.8%+78% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
28.6%-42% vs US avg
x
Mortgage-Free
47.5%+24% vs US avg
x
$55,600
Home Value
$520
Rent
1946
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached83.2%
  • 1-unit attached4.0%
  • 2-9 units8.1%
  • 10+ units3.4%
  • Mobile home & other1.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$55,600
Median rent$520
Owner-occupied52.3%
Vacant26.8%
Price-to-income1.5x
Est. income to buy$15,000