Quick facts: Poteau, OK

Quick Facts

90.9
Cost of Living
below US average
8,959
Population
43.31
Crime Rate per 1000
above US average
$47,782
Median Income
below US average
$214,900
Median House Price
above US average
$1248
Average Rent
below US average
15%
Poverty Rate
above US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $47,782.

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Income Needed to Buy

βœ— Stretch
$67k/year
Based on $214,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $67k vs median $47,782
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Income Needed to Rent

⚠ Stretch
$53k/year
Based on $1248/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $53k vs median $47,782
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Poteau, OK

Poteau, located in southeastern Oklahoma, is the county seat of Le Flore County. Nestled at the foothills of the Ouachita Mountains, this small town boasts a rich history and a vibrant community. With a population of around 8,500 residents, Poteau offers a charming small-town atmosphere combined with the beauty of nature, making it an attractive place for both families and retirees. The area is known for its outdoor recreational opportunities, including hiking, fishing, and camping, particularly in the nearby Ouachita National Forest. Poteau serves as a gateway for various outdoor activities, with beautiful scenery and various parks, such as the Poteau Park, which offers walking trails, picnic areas, and a picturesque view of the surrounding mountains. Culturally, Poteau is known for its events like the annual "Poteau Balloon Fest," which draws visitors for hot air balloon rides and festivities. The town also features local shops, restaurants, and historical sites that reflect its heritage. Overall, Poteau combines natural beauty, community spirit, and a strong sense of local pride, making it a unique place to visit or call home.

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