Choctaw, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Choctaw Neighborhoods Since 2000




Choctaw, 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 Q1 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

Choctaw Housing Market Information

With 12,179 people, 4,363 houses or apartments, and a median cost of homes of $143,335, 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 90.11% of the city's housing units. Other types of housing that are prevalent in Choctaw include mobile homes or trailers ( 4.94%), large apartment complexes or high rise apartments ( 2.60%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.49%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Choctaw. Owner-occupied housing accounts for 83.27% of Choctaw's homes, and 81.84% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Choctaw 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 Choctaw built between 2000 and later ( 25.61%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.36%). There's also some housing in Choctaw built before 1939 ( 2.25%).

Choctaw Home Appreciation Rates

Appreciation rates for homes in Choctaw have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.01%, which ranks in the top 30% nationwide. This equates to an annual average Choctaw house appreciation rate of 1.05%.

Over the last year, Choctaw appreciation rates have trailed the rest of the nation. In the last twelve months, Choctaw's appreciation rate has been 1.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Choctaw were at 0.33%, which equates to an annual appreciation rate of 1.34%.

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

Average Home Values

 

Median Home Value:
$143,335

Choctaw, OK HOME PRICES

Value Range
> $1,069,000 0.3
$802,001 - $1,069,000 0.4
$534,001 - $802,000 0.4
$428,001 - $534,000 2.2
$321,001 - $428,000 6.9
$214,001 - $321,000 15.9
$107,001 - $214,000 49.9
$53,001 - $107,000 18.3
$0 - $53,000 5.6

Very High for OK
Average for Nation

Value Relative to Nation Value Relative to State
53.1114496660026 12.3867069486405

Number Of Homes And Apartments:
4,363

Choctaw Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
47.22% 2.27% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,030 / per month

Homeownership Rate

Homeownership
Owners 83.27
Renters 16.73
Vacant 5.54

Housing Market Details

 

Age of Homes

AGE OF Choctaw HOMES
2000 or Newer 25.6
1970 - 1999 53.8
1940 - 1969 18.4
1939 or Older 2.3

Types of Homes

TYPE OF Choctaw HOMES
Single-Family 90.1
Townhomes 0.9
Small Apt. Buildings 1.5
Apt. Complexes 2.6
Mobile Homes 4.9
Other 0.0

Home Size

SIZE OF Choctaw HOMES
No Bedroom 0.35
1 Bedroom 2.38
2 Bedrooms 12.90
3 Bedrooms 66.55
4 Bedrooms 15.28
5 or more bedrooms 2.53