Eufaula, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Eufaula, 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

Eufaula Housing Market Information

With 2,936 people, 1,230 houses or apartments, and a median cost of homes of $97,602, house prices in Eufaula are solidly below the national average.

Single-family detached homes are the single most common housing type in Eufaula, accounting for 74.34% of the city's housing units. Other types of housing that are prevalent in Eufaula include duplexes, homes converted to apartments or other small apartment buildings ( 13.50%), mobile homes or trailers ( 9.59%), and a few large apartment complexes or high rise apartments ( 1.41%).

People in Eufaula primarily live in small (one, two or no bedroom) single-family detached homes. Eufaula has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Eufaula 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 Eufaula built between 1940-1969 ( 29.99%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.90%). There's also some housing in Eufaula built before 1939 ( 10.32%).

Vacant housing appears to be an issue in Eufaula. Fully 24.86% of the housing stock is classified as vacant. Left unchecked, vacant Eufaula homes and apartments can be a drag on the real estate market, holding Eufaula 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.

Eufaula Home Appreciation Rates

Appreciation rates for homes in Eufaula have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.72%, which ranks in the top 40% nationwide. This equates to an annual average Eufaula house appreciation rate of 0.75%.

Over the last year, Eufaula appreciation rates have trailed the rest of the nation. In the last twelve months, Eufaula's appreciation rate has been 2.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Eufaula were at 2.06%, which equates to an annual appreciation rate of 8.51%.

Importantly, this makes Eufaula one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Oklahoma, our data show that Eufaula's latest annual appreciation rate is lower than 80% of the other cities and towns in Oklahoma.

Average Home Values

 

Median Home Value:
$97,602

Eufaula, OK HOME PRICES

Value Range
> $1,070,000 0.0
$802,001 - $1,070,000 1.8
$535,001 - $802,000 0.0
$428,001 - $535,000 1.3
$321,001 - $428,000 3.2
$214,001 - $321,000 5.8
$107,001 - $214,000 27.2
$54,001 - $107,000 34.2
$0 - $54,000 26.4

Average for OK
Low for Nation

Value Relative to Nation Value Relative to State
79.1339505449432 49.8489425981873

Number Of Homes And Apartments:
1,230

Eufaula 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
43.88% 2.13% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$656 / per month

Homeownership Rate

Homeownership
Owners 52.63
Renters 47.37
Vacant 24.86

Housing Market Details

 

Age of Homes

AGE OF Eufaula HOMES
2000 or Newer 17.9
1970 - 1999 41.8
1940 - 1969 30.0
1939 or Older 10.3

Types of Homes

TYPE OF Eufaula HOMES
Single-Family 74.3
Townhomes 1.2
Small Apt. Buildings 13.5
Apt. Complexes 1.4
Mobile Homes 9.6
Other 0.0

Home Size

SIZE OF Eufaula HOMES
No Bedroom 9.65
1 Bedroom 11.91
2 Bedrooms 27.98
3 Bedrooms 41.54
4 Bedrooms 7.27
5 or more bedrooms 1.65

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Zip Codes in Eufaula, OK