Bixby appreciation rates and housing market information

Bixby housing market information

With 13,183 people, 5,200 houses or apartments, and a median cost of homes of $159,741, Bixby real estate is some of the most expensive in Oklahoma, although Bixby home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Bixby, accounting for 75.56% of the city's housing units. Other types of housing that are prevalent in Bixby include mobile homes or trailers (10.29%), large apartment complexes or high rise apartments (9.25%), duplexes, homes converted to apartments, or other small apartment buildings (3.02%), and a few row houses and other attached homes (1.77%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Bixby. Owner-occupied housing accounts for 70.33% of Bixby's homes, and 72.59% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bixby built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bixby built from 1995 and later (28.08%). A lesser amount of the housing stock also hails from 1940-1969 (19.19%), and some were built from 1939 and earlier (19.19%).

Bixby home appreciation rates

Bixby's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bixby during the period has been just 5.75%, which is lower than % of US communities.

Appreciation rates are so strong in Bixby that despite a nationwide downturn in the housing market, Bixby real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bixby appreciation rates continue to be some of the highest in America, at 3.37%, which is higher than appreciation rates in 78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bixby. Bixby appreciation rates in the latest quarter were at 2.39%, which equates to an annual appreciation rate of 9.56%.

Importantly, this makes Bixby one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Oklahoma, our data show that Bixby's latest annual appreciation rate is higher than 48% of the other cities and towns in Oklahoma.