Purcell, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Purcell, 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

Purcell Housing Market Information

With a population of 6,370, 2,429 total housing units (homes and apartments), and a median house value of $127,634, house prices in Purcell are solidly below the national average.

Single-family detached homes are the single most common housing type in Purcell, accounting for 88.82% of the city's housing units. Other types of housing that are prevalent in Purcell include mobile homes or trailers ( 4.52%), large apartment complexes or high rise apartments ( 3.18%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.91%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Purcell. Owner-occupied housing accounts for 70.50% of Purcell's homes, and 69.14% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Purcell 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 Purcell built between 1940-1969 ( 34.72%). A lesser amount of the housing stock also hails from before 1939 ( 10.45%). There's also some housing in Purcell built between 2000 and later ( 9.61%).

Purcell Home Appreciation Rates

Appreciation rates for homes in Purcell have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.68%, which ranks in the top 30% nationwide. This equates to an annual average Purcell house appreciation rate of 1.20%.

Over the last year, Purcell appreciation rates have trailed the rest of the nation. In the last twelve months, Purcell's appreciation rate has been 1.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Purcell were at 0.33%, which equates to an annual appreciation rate of 1.34%.

Relative to Oklahoma, our data show that Purcell's latest annual appreciation rate is lower than 90% of the other cities and towns in Oklahoma.

Average Home Values

 

Median Home Value:
$127,634

Purcell, OK HOME PRICES

Value Range
> $1,083,000 1.3
$812,001 - $1,083,000 0.1
$541,001 - $812,000 0.2
$433,001 - $541,000 1.6
$325,001 - $433,000 1.2
$217,001 - $325,000 7.9
$109,001 - $217,000 48.5
$54,001 - $109,000 28.5
$0 - $54,000 10.7

High for OK
Low for Nation

Value Relative to Nation Value Relative to State
61.1215281846947 22.0543806646526

Number Of Homes And Apartments:
2,429

Purcell 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
42.00% 2.05% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$798 / per month

Homeownership Rate

Homeownership
Owners 70.50
Renters 29.50
Vacant 7.01

Housing Market Details

 

Age of Homes

AGE OF Purcell HOMES
2000 or Newer 9.6
1970 - 1999 45.2
1940 - 1969 34.7
1939 or Older 10.5

Types of Homes

TYPE OF Purcell HOMES
Single-Family 88.8
Townhomes 1.6
Small Apt. Buildings 1.9
Apt. Complexes 3.2
Mobile Homes 4.5
Other 0.0

Home Size

SIZE OF Purcell HOMES
No Bedroom 2.07
1 Bedroom 3.60
2 Bedrooms 24.62
3 Bedrooms 63.02
4 Bedrooms 6.13
5 or more bedrooms 0.57

Popular Neighborhoods in Purcell

Zip Codes in Purcell, OK