Muskogee OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Muskogee, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Muskogee Housing Market Information

With a population of 37,113, 15,074 total housing units (homes and apartments), and a median house value of $108,469, the cost of homes in Muskogee is among some of the lowest in the nation. Compared to Oklahoma, however, Muskogee real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Muskogee, accounting for 74.64% of the city's housing units. Other types of housing that are prevalent in Muskogee include large apartment complexes or high rise apartments ( 14.93%), duplexes, homes converted to apartments or other small apartment buildings ( 5.05%), and a few mobile homes or trailers ( 4.02%).

The most prevalent building size and type in Muskogee are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.74% owning and 46.26% renting.

There is a lot of housing in Muskogee 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 Muskogee built between 1940-1969 ( 36.64%). A lesser amount of the housing stock also hails from before 1939 ( 13.48%). There's also some housing in Muskogee built between 2000 and later ( 7.90%).

Vacant housing appears to be an issue in Muskogee. Fully 16.73% of the housing stock is classified as vacant. Left unchecked, vacant Muskogee homes and apartments can be a drag on the real estate market, holding Muskogee 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.

Muskogee Home Appreciation Rates

Muskogee's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Muskogee during the period has been just 1.43%, which is lower than 70% of US communities.

Appreciation rates are so strong in Muskogee that despite a nationwide downturn in the housing market, Muskogee real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Muskogee appreciation rates continue to be some of the highest in America, at 5.37%, which is higher than appreciation rates in 78.42% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Muskogee. Muskogee appreciation rates in the latest quarter were at 1.22%, which equates to an annual appreciation rate of 4.98%.

Relative to Oklahoma, our data show that Muskogee'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 Muskogee differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Muskogee - 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 Muskogee real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$108,469

Muskogee, OK HOME PRICES

Value Range
> $1,121,000 0.2
$840,001 - $1,121,000 0.0
$560,001 - $840,000 0.7
$448,001 - $560,000 0.6
$336,001 - $448,000 1.9
$224,001 - $336,000 6.2
$112,001 - $224,000 33.0
$56,001 - $112,000 37.0
$0 - $56,000 20.4

Average for OK
Very Low for Nation

Value Relative to Nation Value Relative to State
82.1956204379562 58.0060422960725

Number Of Homes And Apartments:
15,074

Muskogee Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
48.05% 1.91%
1
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$875 / per month

Homeownership Rate

Homeownership
Owners 53.74
Renters 46.26
Vacant 16.73

Housing Market Details

 

Age of Homes

AGE OF Muskogee HOMES
2000 or Newer 7.9
1970 - 1999 42.0
1940 - 1969 36.6
1939 or Older 13.5

Types of Homes

TYPE OF Muskogee HOMES
Single-Family 74.6
Townhomes 1.3
Small Apt. Buildings 5.0
Apt. Complexes 14.9
Mobile Homes 4.0
Other 0.1

Home Size

SIZE OF Muskogee HOMES
No Bedroom 4.02
1 Bedroom 9.32
2 Bedrooms 27.69
3 Bedrooms 46.34
4 Bedrooms 10.82
5 or more bedrooms 1.81