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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 8,732, 3,054 total housing units (homes and apartments), and a median house value of $115,601, house prices in Poteau are solidly below the national average.
Single-family detached homes are the single most common housing type in Poteau, accounting for 80.67% of the city's housing units. Other types of housing that are prevalent in Poteau include large apartment complexes or high rise apartments ( 9.57%), mobile homes or trailers ( 5.67%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.76%).
The most prevalent building size and type in Poteau are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.38% owning and 38.62% renting.
There is a lot of housing in Poteau 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 Poteau built between 1940-1969 ( 26.94%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.47%). There's also some housing in Poteau built before 1939 ( 10.54%).
Vacant housing appears to be an issue in Poteau. Fully 15.54% of the housing stock is classified as vacant. Left unchecked, vacant Poteau homes and apartments can be a drag on the real estate market, holding Poteau 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.
Appreciation rates for homes in Poteau have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.11%, which ranks in the top 30% nationwide. This equates to an annual average Poteau house appreciation rate of 0.97%.
Appreciation rates are so strong in Poteau that despite a nationwide downturn in the housing market, Poteau real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Poteau appreciation rates continue to be some of the highest in America, at 6.01%, which is higher than appreciation rates in 74.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Poteau. Poteau appreciation rates in the latest quarter were at 4.53%, which equates to an annual appreciation rate of 19.40%.
Importantly, this makes Poteau 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 Poteau's latest annual appreciation rate is higher than 90% of the other cities and towns in Oklahoma.
|$813,001 - $1,084,000||0.0|
|$542,001 - $813,000||0.0|
|$433,001 - $542,000||0.5|
|$325,001 - $433,000||2.1|
|$217,001 - $325,000||8.0|
|$109,001 - $217,000||28.2|
|$54,001 - $109,000||41.2|
|$0 - $54,000||19.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Poteau HOMES|
|2000 or Newer||13.5|
|1970 - 1999||49.1|
|1940 - 1969||26.9|
|1939 or Older||10.5|
|TYPE OF Poteau HOMES|
|Small Apt. Buildings||3.8|
|SIZE OF Poteau HOMES|
|5 or more bedrooms||2.10|