Updated 2026 · Based on median market data for McAlester, OK
The median monthly rent in McAlester, OK is $1,060, translating to $12,720 in annual gross rental income per unit. The rent-to-price ratio is 0.76% — below the 1% rule but within a range where deals can work with good financing.
Renters in McAlester spend approximately 23% of the local median household income ($56,350) on rent. This is well below the 30% threshold, suggesting significant headroom for rent increases. Tenants can afford to pay more, which is bullish for landlords.
The vacancy rate in McAlester is 5.8%. This is a healthy vacancy rate that indicates balanced supply and demand. You should be able to find quality tenants without extended vacancies, though expect normal turnover periods of 2-4 weeks between tenants. Population growth of 0.9% annually provides stable demand.
McAlester's GRM (price divided by annual rent) is 11.0x. A GRM under 12x is excellent — it means you're paying less than 12 years of gross rent for the property, suggesting strong income relative to price. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $1,060/mo, a single-family rental in McAlester generates approximately $12,720 in gross annual income. After accounting for 5.8% vacancy ($738 lost), property taxes of $1,232, insurance (~$560), and maintenance (~$560), the estimated NOI is $9,630 per year, or $803/mo.
McAlester vs Oklahoma state average and national average across key investment metrics. McAlester outperforms both benchmarks on cap rate.