The story of this market
The typical home in ZIP 74016 sells for about $223,000, or $118 per square foot.
Prices are up +1.2% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 74016 — Chelsea
The housing market in 74016 remains stable with limited inventory and modest price growth. Buyers face a market where affordability is the primary driver, though the lack of new development and distance from major employment centers keeps turnover relatively low.
This area is best suited for budget-conscious buyers and those seeking a rural lifestyle, as it offers lower entry prices compared to the Tulsa metro core but requires a longer commute for major employment.
Median prices moved up 1.2% year over year.
Homes spend a median of 58 days on market with 5.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 14.5% — 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 5.7%/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 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 74016
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 the area are generally lower than the national average, though property crime remains the primary concern for local law enforcement.
Schools serving the area are primarily part of rural district systems, with performance metrics generally reflecting state averages for non-metropolitan Oklahoma.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity, with flood risk concentrated near local creek beds.
Economic momentum is driven by local agricultural and small-scale industrial sectors, with limited large-scale commercial development currently underway.
Property taxes are assessed at the county level based on fair market value, with specific millage rates determined by local school district and municipal levies.
Commutes are primarily car-dependent, with residents typically driving to nearby employment hubs in larger regional centers via state highway corridors.
Recreational opportunities include access to local parks and proximity to regional lakes and outdoor spaces suitable for fishing and boating.
The rental market is characterized by limited inventory and steady demand, with most properties consisting of single-family homes rather than multi-family complexes.
The local economy is anchored by agriculture, small-scale manufacturing, and regional retail services.
Transportation is almost exclusively reliant on private vehicles, with no public transit infrastructure serving the area.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP.
Parcels are subject to local school district taxes and county-level assessments for public services.
Property insurance premiums are influenced by regional exposure to wind and hail damage, which is common in this part of Oklahoma.
Data retrieved from US Census Bureau ZCTA-level tables.
- Cherokee Casino Will Rogers Downs3.916.9 mi
- Rocklahoma4.716.2 mi
- Claremore Expo Center4.418.9 mi
- Oklahoma Asylum4.614.6 mi
- Ed Galloway's Totem Pole Park4.47.8 mi
- Winganon Concrete Mixer Space Capsule4.511.1 mi
- Ed Galloway's Totem Pole Park4.47.8 mi
- Will Rogers Memorial Museum4.818.5 mi
- J.M. Davis Arms & Historical Museum4.818.4 mi
- Shepherd's Cross4.813.4 mi
- Cherokee Nation Anna Mitchell Cultural & Welcome Center4.918.4 mi
- Redbud Marina4.314.7 mi
- DG Market4.12 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 green space and playground facilities.
Regional reservoir offering boating, fishing, and camping access nearby.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.