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 8,596, 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.
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.
|$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|
|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 Sallisaw HOMES|
|2000 or Newer||13.5|
|1970 - 1999||58.8|
|1940 - 1969||24.3|
|1939 or Older||3.4|
|TYPE OF Sallisaw HOMES|
|Small Apt. Buildings||13.4|
|SIZE OF Sallisaw HOMES|
|5 or more bedrooms||1.47|