Checotah, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Checotah Housing Market Information

With a population of 3,095, 1,212 total housing units (homes and apartments), and a median house value of $100,359, house prices in Checotah are solidly below the national average.

Single-family detached homes are the single most common housing type in Checotah, accounting for 79.35% of the city's housing units. Other types of housing that are prevalent in Checotah include duplexes, homes converted to apartments or other small apartment buildings ( 7.92%), mobile homes or trailers ( 7.85%), and a few large apartment complexes or high rise apartments ( 4.03%).

The most prevalent building size and type in Checotah are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.02% owning and 42.98% renting.

There is a lot of housing in Checotah 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 Checotah built between 1940-1969 ( 30.76%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.02%). There's also some housing in Checotah built before 1939 ( 6.86%).

Vacant housing appears to be an issue in Checotah. Fully 14.29% of the housing stock is classified as vacant. Left unchecked, vacant Checotah homes and apartments can be a drag on the real estate market, holding Checotah 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.

Checotah Home Appreciation Rates

Appreciation rates for homes in Checotah have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 29.57%, which ranks in the top 50% nationwide. This equates to an annual average Checotah house appreciation rate of 2.62%.

NeighborhoodScout's data show that during the latest twelve months, Checotah's appreciation rate, at 4.27%, has been at or slightly above the national average. In the latest quarter, Checotah's appreciation rate has been 1.11%, which annualizes to a rate of 4.52%.

Relative to Oklahoma, our data show that Checotah's latest annual appreciation rate is higher than 50% of the other cities and towns in Oklahoma.

Average Home Values

 
info

Median Home Value:
$100,359

Checotah, OK HOME PRICES

> $1,135,000
0.0%
0.0%
$851,001 - $1,135,000
0.0%
0.0%
$568,001 - $851,000
0.0%
0.0%
$454,001 - $568,000
0.0%
0.0%
$340,001 - $454,000
3.8%
3.8%
$227,001 - $340,000
6.7%
6.7%
$113,001 - $227,000
24.3%
24.3%
$57,001 - $113,000
55.7%
55.7%
$0 - $57,000
9.5%
9.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Low for OK

Value Relative To Nation

Number Of Homes And Apartments:
1,212

Checotah Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
68.04% 2.53%
4
5
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$784 / per month

Homeownership Rate

Owners
57.0%
57.0%
Renters
43.0%
43.0%
Vacant
14.3%
14.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
12.0%
12.0%
1970 - 1999
50.4%
50.4%
1940 - 1969
30.8%
30.8%
1939 or Older
6.9%
6.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
79.3%
79.3%
Townhomes
0.8%
0.8%
Small Apt. Buildings
7.9%
7.9%
Apt. Complexes
4.0%
4.0%
Mobile Homes
7.9%
7.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
8.6%
8.6%
1 Bedroom
4.3%
4.3%
2 Bedrooms
33.5%
33.5%
3 Bedrooms
44.3%
44.3%
4 Bedrooms
8.6%
8.6%
5 or more bedrooms
0.8%
0.8%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Checotah

Popular Communities Near Checotah, OK

Zip Codes in Checotah, OK