Claremore, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Claremore Neighborhoods Since 2000




Claremore, 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

Claremore Housing Market Information

With a population of 18,997, 7,755 total housing units (homes and apartments), and a median house value of $109,872, house prices in Claremore are solidly below the national average.

Single-family detached homes are the single most common housing type in Claremore, accounting for 70.59% of the city's housing units. Other types of housing that are prevalent in Claremore include large apartment complexes or high rise apartments ( 12.61%), duplexes, homes converted to apartments or other small apartment buildings ( 9.22%), and a few mobile homes or trailers ( 4.01%).

The most prevalent building size and type in Claremore are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.90% owning and 48.10% renting.

There is a lot of housing in Claremore 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 Claremore built between 1940-1969 ( 23.55%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.76%). There's also some housing in Claremore built before 1939 ( 7.63%).

Claremore Home Appreciation Rates

Appreciation rates for homes in Claremore have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.25%, which ranks in the top 40% nationwide. This equates to an annual average Claremore house appreciation rate of 0.70%.

Appreciation rates are so strong in Claremore that despite a nationwide downturn in the housing market, Claremore real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Claremore appreciation rates continue to be some of the highest in America, at 5.98%, which is higher than appreciation rates in 73.82% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Claremore. Claremore appreciation rates in the latest quarter were at 0.95%, which equates to an annual appreciation rate of 3.85%.

Relative to Oklahoma, our data show that Claremore's latest annual appreciation rate is higher than 90% 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 Claremore differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Claremore - 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 Claremore real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$109,872

Claremore, OK HOME PRICES

Value Range
> $1,094,000 0.4
$821,001 - $1,094,000 0.1
$547,001 - $821,000 0.8
$438,001 - $547,000 0.7
$328,001 - $438,000 1.6
$218,001 - $328,000 8.8
$110,001 - $218,000 46.4
$55,001 - $110,000 31.7
$0 - $55,000 9.5

High for OK
Low for Nation

Value Relative to Nation Value Relative to State
71.4695886558069 36.5558912386707

Number Of Homes And Apartments:
7,755

Claremore 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
28.86% 1.48% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$988 / per month

Homeownership Rate

Homeownership
Owners 51.90
Renters 48.10
Vacant 7.25

Housing Market Details

 

Age of Homes

AGE OF Claremore HOMES
2000 or Newer 17.8
1970 - 1999 51.1
1940 - 1969 23.5
1939 or Older 7.6

Types of Homes

TYPE OF Claremore HOMES
Single-Family 70.6
Townhomes 3.2
Small Apt. Buildings 9.2
Apt. Complexes 12.6
Mobile Homes 4.0
Other 0.4

Home Size

SIZE OF Claremore HOMES
No Bedroom 2.21
1 Bedroom 10.41
2 Bedrooms 27.34
3 Bedrooms 50.03
4 Bedrooms 9.57
5 or more bedrooms 0.44