Choctaw appreciation rates and housing market information

Choctaw housing market information

With 9,378 people, 3,622 houses or apartments, and a median cost of homes of $149,905, Choctaw real estate is some of the most expensive in Oklahoma, although Choctaw home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Choctaw, accounting for 89.81% of the city's housing units. Other types of housing that are prevalent in Choctaw include mobile homes or trailers (7.26%), row houses and other attached homes (1.63%), and a few duplexes, homes converted to apartments, or other small apartment buildings (1.16%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Choctaw. Owner-occupied housing accounts for 82.30% of Choctaw's homes, and 77.25% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Choctaw 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 Choctaw built from 1940-1969 (27.19%). A lesser amount of the housing stock also hails from 1995 and later (13.61%), and some were built from 1939 and earlier (13.61%).

Choctaw home appreciation rates

Choctaw's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Choctaw during the period has been just 4.65%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Choctaw home appreciation rates, at 1.06%, have been at or slightly above the national average. In the latest quarter, Choctaw's appreciation rate has been 1.20%, which annualizes to a rate of 4.80%.

Relative to Oklahoma, our data show that Choctaw's latest annual appreciation rate is higher than 8% 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 Choctaw differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Choctaw - 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 Choctaw real estate investment or home purchase decisions.