Claremore, OK Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Claremore, OK Housing Market Trends

With a population of 18,743, 7,671 total housing units (homes and apartments), and a median house value of $123,202, 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 70.11% of the city's housing units. Other types of housing that are prevalent in Claremore include large apartment complexes or high rise apartments ( 12.56%), duplexes, homes converted to apartments or other small apartment buildings ( 9.77%), and a few row houses and other attached homes ( 3.80%).

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 50.29% owning and 49.71% 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 2000 and later ( 23.26%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.59%). There's also some housing in Claremore built before 1939 ( 5.77%).

Claremore Home Appreciation Rates

Claremore's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Claremore during the period has been just 2.77%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Claremore's appreciation rate, at 9.39%, has been at or slightly above the national average. In the latest quarter, Claremore's appreciation rate has been 3.07%, which annualizes to a rate of 12.85%.

Relative to Oklahoma, our data show that Claremore's latest annual appreciation rate is higher than 80% 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:
$123,202

Claremore, OK HOME PRICES

> $1,218,000
0.1%
0.1%
$914,001 - $1,218,000
0.2%
0.2%
$609,001 - $914,000
1.2%
1.2%
$487,001 - $609,000
1.3%
1.3%
$366,001 - $487,000
4.1%
4.1%
$243,001 - $366,000
11.5%
11.5%
$122,001 - $243,000
48.0%
48.0%
$61,001 - $122,000
25.7%
25.7%
$0 - $61,000
7.9%
7.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for OK

Value Relative To Nation

Number Of Homes And Apartments:
7,671

Claremore Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
58.40% 2.16%
2
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,148 / per month

Homeownership Rate

Owners
50.3%
50.3%
Renters
49.7%
49.7%
Vacant
7.9%
7.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
23.3%
23.3%
1970 - 1999
49.4%
49.4%
1940 - 1969
21.6%
21.6%
1939 or Older
5.8%
5.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
70.1%
70.1%
Townhomes
3.8%
3.8%
Small Apt. Buildings
9.8%
9.8%
Apt. Complexes
12.6%
12.6%
Mobile Homes
3.3%
3.3%
Other
0.4%
0.4%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.7%
2.7%
1 Bedroom
8.9%
8.9%
2 Bedrooms
28.1%
28.1%
3 Bedrooms
48.6%
48.6%
4 Bedrooms
10.5%
10.5%
5 or more bedrooms
1.2%
1.2%
0.0% 100.0%
% OF HOMES