Muskogee, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Muskogee Neighborhoods Since 2000




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 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

Muskogee Housing Market Information

With a population of 38,456, 14,972 total housing units (homes and apartments), and a median house value of $92,522, 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 73.32% of the city's housing units. Other types of housing that are prevalent in Muskogee include large apartment complexes or high rise apartments ( 15.28%), duplexes, homes converted to apartments or other small apartment buildings ( 5.75%), and a few mobile homes or trailers ( 3.27%).

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 55.86% owning and 44.14% 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 ( 38.32%). A lesser amount of the housing stock also hails from before 1939 ( 13.02%). There's also some housing in Muskogee built between 2000 and later ( 8.54%).

Vacant housing appears to be an issue in Muskogee. Fully 15.95% 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

Appreciation rates for homes in Muskogee have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.15%, which ranks in the top 40% nationwide. This equates to an annual average Muskogee house appreciation rate of 0.60%.

Over the last year, Muskogee appreciation rates have trailed the rest of the nation. In the last twelve months, Muskogee's appreciation rate has been 0.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Muskogee were at 2.06%, which equates to an annual appreciation rate of 8.51%.

Importantly, this makes Muskogee 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 Muskogee's latest annual appreciation rate is lower 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:
$92,522

Muskogee, OK HOME PRICES

Value Range
> $1,044,000 0.2
$783,001 - $1,044,000 0.0
$522,001 - $783,000 1.0
$418,001 - $522,000 0.2
$313,001 - $418,000 1.0
$209,001 - $313,000 5.2
$104,001 - $209,000 28.8
$52,001 - $104,000 38.4
$0 - $52,000 25.3

Average for OK
Very Low for Nation

Value Relative to Nation Value Relative to State
82.3625922887613 58.6102719033233

Number Of Homes And Apartments:
14,972

Muskogee 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
34.73% 1.74% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$896 / per month

Homeownership Rate

Homeownership
Owners 55.86
Renters 44.14
Vacant 15.95

Housing Market Details

 

Age of Homes

AGE OF Muskogee HOMES
2000 or Newer 8.5
1970 - 1999 40.1
1940 - 1969 38.3
1939 or Older 13.0

Types of Homes

TYPE OF Muskogee HOMES
Single-Family 73.3
Townhomes 2.3
Small Apt. Buildings 5.8
Apt. Complexes 15.3
Mobile Homes 3.3
Other 0.1

Home Size

SIZE OF Muskogee HOMES
No Bedroom 2.01
1 Bedroom 11.26
2 Bedrooms 28.34
3 Bedrooms 45.99
4 Bedrooms 10.36
5 or more bedrooms 2.04