Broken Bow, OK


Highest Appreciating Broken Bow Neighborhoods Since 2000

Broken Bow, 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 Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Broken Bow Housing Market Information

With a population of 4,131, 1,496 total housing units (homes and apartments), and a median house value of $78,164, house prices in Broken Bow are some of the most affordable in Oklahoma as well as the nation.

Single-family detached homes are the single most common housing type in Broken Bow, accounting for 74.17% of the city's housing units. Other types of housing that are prevalent in Broken Bow include duplexes, homes converted to apartments or other small apartment buildings ( 17.49%), large apartment complexes or high rise apartments ( 6.01%), and a few mobile homes or trailers ( 2.33%).

The most prevalent building size and type in Broken Bow are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.01% owning and 53.99% renting.

There is a lot of housing in Broken Bow 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 Bow built between 1940-1969 ( 26.71%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.04%). There's also some housing in Broken Bow built before 1939 ( 6.41%).

Vacant housing appears to be an issue in Broken Bow. Fully 12.77% of the housing stock is classified as vacant. Left unchecked, vacant Broken Bow homes and apartments can be a drag on the real estate market, holding Broken Bow real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Broken Bow Home Appreciation Rates

Appreciation rates for homes in Broken Bow have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.58%, which ranks in the top 50% nationwide. This equates to an annual average Broken Bow house appreciation rate of 0.54%.

Over the last year, Broken Bow appreciation rates have trailed the rest of the nation. In the last twelve months, Broken Bow's appreciation rate has been 1.57%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Broken Bow were at 1.35%, which equates to an annual appreciation rate of 5.51%.

Relative to Oklahoma, our data show that Broken Bow's latest annual appreciation rate is lower than 90% of the other cities and towns in Oklahoma.

Average Home Values


Median Home Value:


Value Range
> $1,076,000 0.0
$807,001 - $1,076,000 0.0
$538,001 - $807,000 0.0
$431,001 - $538,000 1.5
$323,001 - $431,000 1.3
$215,001 - $323,000 3.2
$108,001 - $215,000 21.1
$54,001 - $108,000 47.8
$0 - $54,000 25.1

Very Low for OK
Very Low for Nation

Value Relative to Nation Value Relative to State
92.0897008021547 83.6858006042296

Number Of Homes And Apartments:

Broken Bow Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
54.60% 2.52% 4 6
* 10 is highest

Rent & Ownership


Average Market Rent:
$743 / per month

Homeownership Rate

Owners 46.01
Renters 53.99
Vacant 12.77

Housing Market Details


Age of Homes

2000 or Newer 9.0
1970 - 1999 57.8
1940 - 1969 26.7
1939 or Older 6.4

Types of Homes

Single-Family 74.2
Townhomes 0.0
Small Apt. Buildings 17.5
Apt. Complexes 6.0
Mobile Homes 2.3
Other 0.0

Home Size

No Bedroom 4.84
1 Bedroom 6.71
2 Bedrooms 26.12
3 Bedrooms 48.57
4 Bedrooms 12.42
5 or more bedrooms 1.34

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