Broken Arrow appreciation rates and housing market information

Broken Arrow housing market information

With 74,956 people, 27,123 houses or apartments, and a median cost of homes of $158,117, Broken Arrow real estate is some of the most expensive in Oklahoma, although Broken Arrow home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Broken Arrow, accounting for 85.00% of the city's housing units. Other types of housing that are prevalent in Broken Arrow include large apartment complexes or high rise apartments (8.04%), duplexes, homes converted to apartments, or other small apartment buildings (3.08%), row houses and other attached homes (2.60%), and a few mobile homes or trailers (1.25%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Broken Arrow. Owner-occupied housing accounts for 76.26% of Broken Arrow's homes, and 80.02% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Broken Arrow 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 Broken Arrow built from 1995 and later (15.75%). A lesser amount of the housing stock also hails from 1940-1969 (12.57%), and some were built from 1939 and earlier (12.57%).

Broken Arrow home appreciation rates

Broken Arrow's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Broken Arrow during the period has been just 4.41%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Broken Arrow home appreciation rates, at 2.03%, have been at or slightly above the national average. In the latest quarter, Broken Arrow's appreciation rate has been 2.06%, which annualizes to a rate of 8.24%.

Importantly, this makes Broken Arrow 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 Broken Arrow's latest annual appreciation rate is higher than 24% of the other cities and towns in Oklahoma.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Broken Arrow differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Broken Arrow - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Broken Arrow real estate investment or home purchase decisions.