Broken Arrow OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Broken Arrow, OK Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Broken Arrow Housing Market Information

With 109,171 people, 1,545 houses or apartments, and a median cost of homes of $183,737, 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 84.05% of the city's housing units. Other types of housing that are prevalent in Broken Arrow include large apartment complexes or high rise apartments ( 8.41%), mobile homes or trailers ( 3.59%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.12%).

Renters dominate Broken Arrow's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Broken Arrow built from 1970 to 1999 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 between 2000 and later ( 29.47%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.23%).

Broken Arrow Home Appreciation Rates

Appreciation rates for homes in Broken Arrow have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 21.83%, which ranks in the top 50% nationwide. This equates to an annual average Broken Arrow house appreciation rate of 1.99%.

NeighborhoodScout's data show that during the latest twelve months, Broken Arrow's appreciation rate, at 3.72%, has been at or slightly above the national average. In the latest quarter, Broken Arrow's appreciation rate has been 1.00%, which annualizes to a rate of 4.05%.

Relative to Oklahoma, our data show that Broken Arrow's latest annual appreciation rate is lower than 70% 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 2000, to assist you in making the best Broken Arrow real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$183,737

Broken Arrow, OK HOME PRICES

Value Range
> $1,161,000 0.6
$871,001 - $1,161,000 0.5
$581,001 - $871,000 1.0
$465,001 - $581,000 1.1
$348,001 - $465,000 3.9
$232,001 - $348,000 19.0
$116,001 - $232,000 59.7
$58,001 - $116,000 10.3
$0 - $58,000 3.8

Very High for OK
Average for Nation

Value Relative to Nation Value Relative to State
45.1270072992701 6.04229607250755

Number Of Homes And Apartments:
1,545

Broken Arrow Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
45.95% 1.93%
2
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,454 / per month

Homeownership Rate

Homeownership
Owners 0.00
Renters 0.00
Vacant 0.00

Housing Market Details

 

Age of Homes

AGE OF Broken Arrow HOMES
2000 or Newer 29.5
1970 - 1999 62.3
1940 - 1969 7.2
1939 or Older 1.0

Types of Homes

TYPE OF Broken Arrow HOMES
Single-Family 84.1
Townhomes 1.8
Small Apt. Buildings 2.1
Apt. Complexes 8.4
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Broken Arrow HOMES
No Bedroom 0.84
1 Bedroom 4.21
2 Bedrooms 10.65
3 Bedrooms 53.60
4 Bedrooms 26.25
5 or more bedrooms 4.46