Counties / Oklahoma / Choctaw County

Choctaw County, OK

FIPS 40023 · population 14,297 · outside every metro area

$145k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$145k
▲ 0.3% year over year
Zillow ZHVI · direct
ACS median gross rent
$690
occupied-unit survey; not current asking rent
Census ACS · surveyed
Gross yield
n/a
gross yield cannot be computed without measured market rent
requires both measured price and measured rent
HUD 2-bed standard
$937
the Section 8 payment standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+75.0%not annualized · through 2025
0%ZILLOW ZHVI2026-06+0.3%FHFA HPI2025+13.6%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$127k
Surveyed gross rent$690
Rent burden 30%+45.3%
Median year built1982
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
16.8%vacant
7,117estimated housing units
Occupied tenure34.2% renter
owner 65.8%renter 34.2%
Structure mix74.1% single-family
Single-family 74.1%20+ units 2.7%Mobile home 13.8%Other 9.4%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs5,388▼ 1.2% from the prior annual release
Covered establishments388annual average reporting locations
Average weekly wage$873▲ 4.4% from the prior annual release
Largest private supersectorEducation and health services31.2% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS−1.2%WEEKLY WAGE+4.4%Education and health services31.2%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Choctaw County presents a decision tension: Zillow’s modest current value change contrasts with a much stronger earlier FHFA index move, but cash-flow evidence is unavailable. Income-focused buyers should be cautious; investigators seeking a value case should validate transactions and leases. Zillow’s county median home value was $144,992 in its 2026-06 observation, up 0.34%. FHFA’s repeat-transaction HPI, labeled 2025, increased 13.63% annually. These are different vintages and methods, not a common growth rate to average.

02Housing economics

No county market rent is published, so gross yield and rent coverage of price and carrying costs cannot be computed. HUD’s two-bedroom FMR of $937 per month is a payment standard, not an estimate of asking rent. The effective property-tax rate is 0.41%, with a $520 median annual tax. Obtain signed leases, concessions, utilities and insurance quotes before testing income against the Zillow value.

03Demand & competition

QCEW’s 2025 annual average was 5,388 covered jobs located at county workplaces, down 1.16%; it is neither resident employment nor unemployment. Tax-return migration recorded 300 households moving in and 326 moving out, a net loss of 26; average AGI of incoming households was $562 lower than that of outgoing households. That mix requires tenant-depth checks, not a demand conclusion. Investors made 5 of 61 purchase mortgages, an 8.2% share: limited buyer participation, not proof of price support.

04Risk & next checks

Inland flood is the dominant hazard; the modeled climate-loss ratio is 0.15% of building value per year, not a property-specific loss estimate. Flood-zone status, insurance premiums, deductibles and mitigation condition are not supplied. Realtor.com MLS listing price, active listings, days on market and price-reduced share are also absent, so visible supply, asking-price concessions and marketing time cannot be assessed. Next checks are parcel flood records, insurance terms, rent rolls and closed-sale comparables.

Cities & communities

Where people live within Choctaw County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Hugo city5.2KBoswell town690Fort Towson town546Sawyer town432Soper town205Grant CDP176Swink CDP70
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

7 Census places

Population
  1. 01
    Hugo cityIncorporated place
    5,182
  2. 02
    Boswell townIncorporated place
    690
  3. 03
    Fort Towson townIncorporated place
    546
  4. 04
    Sawyer townIncorporated place
    432
  5. 05
    Soper townIncorporated place
    205
  6. 06
    Grant CDPCensus-designated place
    176
  7. 07
    Swink CDPCensus-designated place
    70

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.154% of building value expected lost per year

Effective property tax0.41%

$520 median annual bill

02
DemandIRS SOI household flows
Net migration-26

300 in · 326 out

Arriving vs leaving income−$562

$41,183 arriving · $41,745 leaving

03
CompetitionHMDA financed purchases
Purchases by investors8.2%

5 of 61 mortgages

investorother financed
No rent index is published for this county.Zillow’s county rent series does not cover every county, and estimating one from a neighbouring county would be a guess wearing a number’s clothes. Everything above is measured here; no wider market is mapped for it either.
Bear case

What can break the county thesis

  1. Unpublished market rent means actual gross yield and carrying-cost coverage could be inadequate.
  2. The Zillow value measure and FHFA appreciation index are not directly comparable, so the apparent value trend may not hold in transaction evidence.
  3. Parcel-specific flood exposure, insurance pricing and mitigation needs could materially change operating costs.
Underwriting questions

Before pricing a property

Can gross yield be calculated from this record?

No. County market rent is not published, and HUD FMR cannot be substituted for market asking rent.

Does the investor-purchase evidence prove buyer support for prices?

No. It identifies investor participation among purchase mortgages but does not establish buyer demand or price support.

What hazard needs parcel-level diligence?

Inland flood. The supplied climate-loss measure is modeled county-level exposure rather than a parcel-specific loss estimate.