The story of this market
The typical home in ZIP 73048 sells for about $150,000, or $115 per square foot.
Prices are down 2.5% from a year ago, which gives buyers more room to negotiate. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 73048 — Cedar Lake
The housing market in 73048 is characterized by low inventory and slow sales activity, reflecting a stable but limited rural market. Prices have seen modest growth over the last decade, though current year-over-year trends show slight softening. Buyers in this area are primarily local residents seeking affordable single-family homes.
This ZIP is best suited for budget-conscious family buyers and individuals seeking a quiet, rural lifestyle with proximity to regional employment hubs like Weatherford.
Median prices moved down 2.5% year over year.
Homes spend a median of 68 days on market with 8.5 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 12.4% — 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 6.5%/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 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 73048
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Hydro are generally low and consistent with rural Oklahoma trends, with property crime being the primary concern.
The area is served by Hydro-Eakly Public Schools, which maintains a small-town educational environment with limited extracurricular offerings compared to larger districts.
The region is subject to severe weather risks, including tornadoes and high winds, which influence property insurance premiums and construction standards.
Economic momentum is driven primarily by agriculture and local service industries, with limited large-scale commercial development occurring within the ZIP.
Property taxes are assessed at the county level based on fair market value, with standard homestead exemptions available for primary residences.
Commuting is primarily car-dependent, with residents traveling via I-40 toward Weatherford or Oklahoma City for employment.
Local recreation is centered on community parks and proximity to rural outdoor activities, with limited commercial shopping and dining options.
The rental market is characterized by low inventory and limited turnover, with demand primarily driven by local workers and small families.
The local economy is heavily reliant on agriculture, energy-sector support services, and small-scale retail.
Transportation is entirely reliant on private vehicles, with I-40 serving as the primary artery for regional connectivity.
There are no major commercial or residential developments currently approved or under construction in the ZIP.
Caddo County Assessor manages property valuations with periodic reappraisals to align with market trends.
Parcels are subject to local school district taxes and county-level levies for emergency services and road maintenance.
Property insurance costs are elevated due to the high frequency of wind and hail events in the region.
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.
- Sugar Creek Casino3.99.7 mi
- Red Rock Canyon Campground and Adventure Park4.68.7 mi
- Sugar Creek Casino3.99.7 mi
- Stafford Air & Space Museum4.910.8 mi
- Lucille's Historic Highway Gas Station4.66.9 mi
- Rader Park4.611.6 mi
- Stafford Air & Space Museum4.910.8 mi
- Lucille's Historic Highway Gas Station4.66.9 mi
- Heartland of America Museum4.811.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community park providing basic outdoor space and playground facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.