Coweta, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Coweta Neighborhoods Since 2000




Coweta, OK Real Estate Data


Coweta Housing Market Information

With 9,559 people, 3,319 houses or apartments, and a median cost of homes of $141,372, Coweta real estate is some of the most expensive in Oklahoma, although Coweta home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Coweta, accounting for 82.77% of the city's housing units. Other types of housing that are prevalent in Coweta include large apartment complexes or high rise apartments ( 8.13%), duplexes, homes converted to apartments or other small apartment buildings ( 5.29%), and a few mobile homes or trailers ( 3.52%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Coweta. Owner-occupied housing accounts for 71.14% of Coweta's homes, and 73.02% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Coweta 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 Coweta built between 2000 and later ( 26.04%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.85%). There's also some housing in Coweta built before 1939 ( 2.60%).

Vacant housing appears to be an issue in Coweta. Fully 10.90% of the housing stock is classified as vacant. Left unchecked, vacant Coweta homes and apartments can be a drag on the real estate market, holding Coweta 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.

Coweta Home Appreciation Rates

Appreciation rates for homes in Coweta have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.24%, which ranks in the top 40% nationwide. This equates to an annual average Coweta house appreciation rate of 0.98%.

Over the last year, Coweta appreciation rates have trailed the rest of the nation. In the last twelve months, Coweta's appreciation rate has been 3.57%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Coweta were at 1.42%, which equates to an annual appreciation rate of 5.81%.

Relative to Oklahoma, our data show that Coweta's latest annual appreciation rate is lower than 70% 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 Coweta differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Coweta - 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 Coweta real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$141,372

Coweta, OK HOME PRICES

Value Range
> $1,118,000 0.7
$838,001 - $1,118,000 0.2
$559,001 - $838,000 1.5
$447,001 - $559,000 0.6
$335,001 - $447,000 3.5
$223,001 - $335,000 11.9
$112,001 - $223,000 47.0
$56,001 - $112,000 28.5
$0 - $56,000 6.1

Very High for OK
Average for Nation

Value Relative to Nation Value Relative to State
54.9335363354219 14.1993957703927

Number Of Homes And Apartments:
3,319

Rent & Ownership

 

Average Market Rent:
$813 / per month

Homeownership Rate

Homeownership
Owners 71.14
Renters 28.86
Vacant 10.90

Housing Market Details

 

Age of Homes

AGE OF Coweta HOMES
2000 or Newer 26.0
1970 - 1999 56.5
1940 - 1969 14.8
1939 or Older 2.6

Types of Homes

TYPE OF Coweta HOMES
Single-Family 82.8
Townhomes 0.3
Small Apt. Buildings 5.3
Apt. Complexes 8.1
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Coweta HOMES
No Bedroom 0.00
1 Bedroom 6.60
2 Bedrooms 20.00
3 Bedrooms 59.52
4 Bedrooms 13.50
5 or more bedrooms 0.38

Coweta Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
16.98% 0.93% 1 2
* 10 is highest