Sallisaw, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sallisaw, 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

Sallisaw Housing Market Information

With a population of 8,596, 3,350 total housing units (homes and apartments), and a median house value of $95,764, the cost of homes in Sallisaw is among some of the lowest in the nation. Compared to Oklahoma, however, Sallisaw real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Sallisaw, accounting for 66.54% of the city's housing units. Other types of housing that are prevalent in Sallisaw include duplexes, homes converted to apartments or other small apartment buildings ( 13.43%), large apartment complexes or high rise apartments ( 10.55%), and a few mobile homes or trailers ( 7.15%).

The most prevalent building size and type in Sallisaw are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.21% owning and 47.79% renting.

There is a lot of housing in Sallisaw 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 Sallisaw built between 1940-1969 ( 24.25%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.50%). There's also some housing in Sallisaw built before 1939 ( 3.40%).

Vacant housing appears to be an issue in Sallisaw. Fully 13.84% of the housing stock is classified as vacant. Left unchecked, vacant Sallisaw homes and apartments can be a drag on the real estate market, holding Sallisaw 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.

Sallisaw Home Appreciation Rates

Appreciation rates for homes in Sallisaw have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.42%, which ranks in the top 40% nationwide. This equates to an annual average Sallisaw house appreciation rate of 0.53%.

Over the last year, Sallisaw appreciation rates have trailed the rest of the nation. In the last twelve months, Sallisaw's appreciation rate has been 3.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sallisaw were at 4.53%, which equates to an annual appreciation rate of 19.40%.

Importantly, this makes Sallisaw 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 Sallisaw's latest annual appreciation rate is lower than 60% of the other cities and towns in Oklahoma.

Average Home Values

 

Median Home Value:
$95,764

Sallisaw, OK HOME PRICES

Value Range
> $1,069,000 0.0
$802,001 - $1,069,000 0.0
$534,001 - $802,000 0.7
$427,001 - $534,000 1.1
$321,001 - $427,000 2.0
$214,001 - $321,000 5.5
$107,001 - $214,000 36.4
$53,001 - $107,000 35.2
$0 - $53,000 19.2

Average for OK
Very Low for Nation

Value Relative to Nation Value Relative to State
80.3644673620063 52.8700906344411

Number Of Homes And Apartments:
3,350

Sallisaw 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
31.29% 1.59% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$852 / per month

Homeownership Rate

Homeownership
Owners 52.21
Renters 47.79
Vacant 13.84

Housing Market Details

 

Age of Homes

AGE OF Sallisaw HOMES
2000 or Newer 13.5
1970 - 1999 58.8
1940 - 1969 24.3
1939 or Older 3.4

Types of Homes

TYPE OF Sallisaw HOMES
Single-Family 66.5
Townhomes 2.3
Small Apt. Buildings 13.4
Apt. Complexes 10.5
Mobile Homes 7.2
Other 0.0

Home Size

SIZE OF Sallisaw HOMES
No Bedroom 4.42
1 Bedroom 9.83
2 Bedrooms 23.56
3 Bedrooms 51.44
4 Bedrooms 9.28
5 or more bedrooms 1.47

Popular Neighborhoods in Sallisaw

Zip Codes in Sallisaw, OK