Counties / Oklahoma / Coal County

Coal County, OK

FIPS 40029 · population 5,320 · outside every metro area

$130k
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
$130k
▲ 3.2% year over year
Zillow ZHVI · direct
ACS median gross rent
$722
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.

One annual series is unavailable
FHFA five-year cumulativen/anot annualized · through n/a
0%ZILLOW ZHVI2026-06+3.2%FHFA HPIperiod n/an/a
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$116k
Surveyed gross rent$722
Rent burden 30%+40.2%
Median year built1976
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
20.7%vacant
2,585estimated housing units
Occupied tenure30.6% renter
owner 69.4%renter 30.6%
Structure mix83.6% single-family
Single-family 83.6%20+ units 0.3%Mobile home 10.9%Other 5.3%
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 jobs1,234▲ 0.7% from the prior annual release
Covered establishments131annual average reporting locations
Average weekly wage$1,021▲ 15.1% from the prior annual release
Largest private supersectorEducation and health services30.0% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+0.7%WEEKLY WAGE+15.1%Education and health services30.0%
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

Coal County presents a $129,600 median home-value entry point but an evidence-thin income case: Zillow’s county value was up 3.24% year over year in 2026-06. That direction is useful, but it is a Zillow valuation observation rather than a sale-price series; no FHFA annual repeat-transaction HPI reading is published to corroborate or challenge it. This record fits investigators able to verify rents, condition and insurance property by property, while buyers requiring documented cash flow or broad exit-market evidence should be cautious.

02Housing economics

Housing economics cannot yet support a yield screen. Market rent is not published, so gross yield cannot be computed. HUD’s $937 two-bedroom Fair Market Rent is a payment standard, not an estimate of asking rent, and must not be substituted. The effective property-tax rate is 0.53%, with a $609 median annual tax; these are carrying-cost inputs but do not establish taxes for a selected parcel or total operating expense.

03Demand & competition

Workplace and mover data provide limited demand context rather than a forecast. QCEW’s 2025 annual average lists 1,234 covered jobs at county workplaces and a $1,021 average weekly wage for covered workers; it is neither resident employment nor an unemployment measure. Education and health services is the largest disclosed private supersector. Net migration was 5 tax-return households, while incoming movers’ average AGI exceeded outgoing movers’ by $16,788. Investors accounted for 4 of 30 purchase mortgages, or 13.33%, showing some non-owner competition but a small observed purchase count.

04Risk & next checks

Hail is the dominant hazard, and the modeled climate loss ratio is 0.53% of building value per year, requiring property-specific resilience and insurance review rather than a countywide loss estimate. Realtor.com figures for MLS median listing price, active listings, days on market and price reductions are not published for 2026-06, so visible supply, seller concessions and marketing time cannot be assessed. Obtain rent comps, lease-up and vacancy evidence, insurance quotes and parcel tax bills; without them, neither cash flow nor resale liquidity can be underwritten.

Cities & communities

Where people live within Coal 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
Coalgate city1.9KTupelo city401Lehigh city223Clarita CDP184Bromide town*133Phillips town131Cottonwood CDP126Centrahoma city69
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

8 Census places

Population
  1. 01
    Coalgate cityIncorporated place
    1,894
  2. 02
    Tupelo cityIncorporated place
    401
  3. 03
    Lehigh cityIncorporated place
    223
  4. 04
    Clarita CDPCensus-designated place
    184
  5. 05
    Bromide townIncorporated place · spans 2 counties
    133
  6. 06
    Phillips townIncorporated place
    131
  7. 07
    Cottonwood CDPCensus-designated place
    126
  8. 08
    Centrahoma cityIncorporated place
    69

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 hazardhail

0.529% of building value expected lost per year

Effective property tax0.53%

$609 median annual bill

02
DemandIRS SOI household flows
Net migration+5

118 in · 113 out

Arriving vs leaving income+$16,788

$51,992 arriving · $35,204 leaving

03
CompetitionHMDA financed purchases
Purchases by investors13.3%

4 of 30 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. Actual market rent, vacancy and lease-up conditions may not support carrying costs.
  2. Hail exposure and insurance terms may be more severe than the county-level climate measure indicates.
  3. Thin purchase and migration counts may not represent current buyer or tenant demand.
Underwriting questions

Before pricing a property

Can gross yield be calculated from the record?

No. Market rent is not published, and HUD Fair Market Rent is a payment standard rather than asking rent.

What kind of employment evidence is supplied?

QCEW annual covered employment at workplaces in the county, plus a covered-worker average weekly wage; it is not resident employment or unemployment data.

How much investor mortgage activity is recorded?

Investor purchases represented 13.33% of the 30 recorded purchase mortgages.