Poteau, OK


Highest Appreciating Poteau Neighborhoods Since 2000

Poteau, OK Real Estate Data

Poteau Housing Market Information

With a population of 8,732, 2,973 total housing units (homes and apartments), and a median house value of $90,999, 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 79.97% of the city's housing units. Other types of housing that are prevalent in Poteau include large apartment complexes or high rise apartments ( 9.91%), mobile homes or trailers ( 6.03%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.08%).

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 60.31% owning and 39.69% 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 ( 29.31%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.95%). There's also some housing in Poteau built before 1939 ( 8.05%).

Vacant housing appears to be an issue in Poteau. Fully 14.57% 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.

Poteau Home Appreciation Rates

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 12.69%, which ranks in the top 30% nationwide. This equates to an annual average Poteau house appreciation rate of 1.20%.

NeighborhoodScout's data show that during the latest twelve months, Poteau's appreciation rate, at 4.52%, has been at or slightly above the national average. In the latest quarter, Poteau's appreciation rate has been 3.57%, which annualizes to a rate of 15.08%.

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 lower than 60% of the other cities and towns in Oklahoma.

Average Home Values


Median Home Value:


Value Range
> $1,090,000 1.1
$818,001 - $1,090,000 0.0
$545,001 - $818,000 0.0
$436,001 - $545,000 0.5
$327,001 - $436,000 2.1
$218,001 - $327,000 6.4
$109,001 - $218,000 25.5
$55,001 - $109,000 44.6
$0 - $55,000 19.7

Low for OK
Very Low for Nation

Value Relative to Nation Value Relative to State
84.7836271007788 61.3293051359517

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$827 / per month

Homeownership Rate

Owners 60.31
Renters 39.69
Vacant 14.57

Housing Market Details


Age of Homes

2000 or Newer 10.9
1970 - 1999 51.7
1940 - 1969 29.3
1939 or Older 8.0

Types of Homes

Single-Family 80.0
Townhomes 0.0
Small Apt. Buildings 4.1
Apt. Complexes 9.9
Mobile Homes 6.0
Other 0.0

Home Size

No Bedroom 0.86
1 Bedroom 6.44
2 Bedrooms 32.01
3 Bedrooms 52.67
4 Bedrooms 6.75
5 or more bedrooms 1.26

Poteau Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
38.56% 1.94% 2 4
* 10 is highest

Popular Neighborhoods in Poteau

Zip Codes in Poteau, OK