Inola, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Inola, 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

Inola Housing Market Information

With 1,834 people, 711 houses or apartments, and a median cost of homes of $110,599, house prices in Inola are solidly below the national average.

Single-family detached homes are the single most common housing type in Inola, accounting for 77.97% of the town's housing units. Other types of housing that are prevalent in Inola include large apartment complexes or high rise apartments ( 9.26%), mobile homes or trailers ( 8.26%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Inola. Owner-occupied housing accounts for 71.89% of Inola's homes, and 75.09% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Inola 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 Inola built between 1940-1969 ( 26.78%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.77%). There's also some housing in Inola built before 1939 ( 4.13%).

Vacant housing appears to be an issue in Inola. Fully 11.01% of the housing stock is classified as vacant. Left unchecked, vacant Inola homes and apartments can be a drag on the real estate market, holding Inola 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.

Inola Home Appreciation Rates

Appreciation rates for homes in Inola have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.22%, which ranks in the top 40% nationwide. This equates to an annual average Inola house appreciation rate of 0.70%.

Over the last year, Inola appreciation rates have trailed the rest of the nation. In the last twelve months, Inola's appreciation rate has been 1.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Inola were at 0.95%, which equates to an annual appreciation rate of 3.85%.

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

Average Home Values

 

Median Home Value:
$110,599

Inola, OK HOME PRICES

Value Range
> $1,076,000 0.2
$807,001 - $1,076,000 0.4
$538,001 - $807,000 0.7
$431,001 - $538,000 1.5
$323,001 - $431,000 2.3
$215,001 - $323,000 7.7
$107,001 - $215,000 41.4
$54,001 - $107,000 32.1
$0 - $54,000 13.7

High for OK
Low for Nation

Value Relative to Nation Value Relative to State
71.0359779678894 35.3474320241692

Number Of Homes And Apartments:
711

Inola 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
26.68% 1.38% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$903 / per month

Homeownership Rate

Homeownership
Owners 71.89
Renters 28.11
Vacant 11.01

Housing Market Details

 

Age of Homes

AGE OF Inola HOMES
2000 or Newer 15.8
1970 - 1999 53.3
1940 - 1969 26.8
1939 or Older 4.1

Types of Homes

TYPE OF Inola HOMES
Single-Family 78.0
Townhomes 1.5
Small Apt. Buildings 3.0
Apt. Complexes 9.3
Mobile Homes 8.3
Other 0.0

Home Size

SIZE OF Inola HOMES
No Bedroom 1.25
1 Bedroom 6.38
2 Bedrooms 16.90
3 Bedrooms 65.96
4 Bedrooms 9.14
5 or more bedrooms 0.38

Popular Neighborhoods in Inola

Zip Codes in Inola, OK