Rent to own Homes in McAlester, OK
McAlester is the seat for Pittsburg County, Oklahoma. The area was first settled in 1838 by Alyssia Young. During its early life the area experienced its fair share of turbulence, including The Battle of Perryville during the Civil War. The modern city of McAlester was actually two separate towns up until 1907 when Oklahoma achieved statehood and the towns were united under one name.
McAlester, OK is a great place for affordable rent-to-own homes! With a median household income of over $43,174 and a median rent of $738, the McAlester, OK rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in McAlester, OK. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More McAlester, OK Property Resources
Rent to own Homes in Cities Near McAlester, OK
Neighborhoods in McAlester, OK
No neighborhoods foundPopular Zip Codes in McAlester, OK
No zip codes foundBuying a Home in McAlester, OK
McAlester, OK is seeing rapid growth and McAlester, OK's' housing market remains optimal with an average home price that is -56% below the 2024 national average. McAlester, OK is part of Pittsburg county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Pittsburg is 0.53% which is below the national average, which is 0.99%.
Median Home Price in McAlester, OK
Median Rent in McAlester, OK
Top 5 Reasons to Live in McAlester, Oklahoma
Enjoy some local developments! Though the city of McAlester is the largest city in Pittsburg County, it still maintains its small town atmosphere. With that in mind, there is plenty to do in the local community. Old Town McAlester is one great place to visit and get a sense of where the city started. If you want some more modern sites to see, you should check out the Garrard Ardeneum.
No shortage of entertainment options! There is plenty to do indoors in McAlester as well. If you want to catch a good movie, you can check out the local Cinema 69 Theater, a quaint local movie house. If you want to play some games of chance, you can pay a visit to the nearby Choctaw Indian Gaming Center and try out your luck on some of the tables.
Definitely a renter's market! Despite its small population, McAlester maintains all the conveniences you would expect from a larger city. When it comes to finding homes or apartment complexes, you can count on rates that are well below the national average. The area also has its share of apartments complexes, such as McAlester Plaza or Parkway Village Apartments. There are rent to own options that might fit in with your plans well.
Home prices are extremely low! The price of homes for sale in McAlester is also extremely low. Oklahoma is already below the national average on home prices, and McAlester is lower than the rest of the state. Though there may not be as many buying opportunities, there is still plenty to find. Should you have the money to look at some lavish homes, the Arpelar neighborhood offers some of the best homes in the area. The North McAlester neighborhood provides for some of the best values.
Become part of the community! With its small town allure, residents in McAlester can enjoy a variety of regular community events. Movies in the Park are regularly observed. Additionally, there is a Holiday Arts & Crafts Show that the city hosts each year, among other events.