Sand Springs, OK Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Sand Springs, OK Housing Market Trends

With a population of 19,905, 7,663 total housing units (homes and apartments), and a median house value of $155,961, house prices in Sand Springs are solidly below the national average.

Single-family detached homes are the single most common housing type in Sand Springs, accounting for 77.50% of the city's housing units. Other types of housing that are prevalent in Sand Springs include large apartment complexes or high rise apartments ( 10.15%), mobile homes or trailers ( 4.93%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.13%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sand Springs. Owner-occupied housing accounts for 68.23% of Sand Springs's homes, and 65.88% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sand Springs 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 Sand Springs built between 1940-1969 ( 30.21%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.77%). There's also some housing in Sand Springs built before 1939 ( 6.58%).

Sand Springs Home Appreciation Rates

Sand Springs's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sand Springs during the period has been just 2.33%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Sand Springs's appreciation rate, at 6.99%, has been at or slightly above the national average. In the latest quarter, Sand Springs's appreciation rate has been 1.56%, which annualizes to a rate of 6.39%.

Relative to Oklahoma, our data show that Sand Springs's latest annual appreciation rate is higher than 80% of the other cities and towns in Oklahoma.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Sand Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sand Springs - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Sand Springs real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$155,961

Sand Springs, OK HOME PRICES

> $1,139,000
0.3%
0.3%
$854,001 - $1,139,000
0.1%
0.1%
$569,001 - $854,000
0.3%
0.3%
$455,001 - $569,000
1.8%
1.8%
$342,001 - $455,000
4.2%
4.2%
$228,001 - $342,000
12.5%
12.5%
$114,001 - $228,000
45.3%
45.3%
$57,001 - $114,000
26.5%
26.5%
$0 - $57,000
9.0%
9.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

High for OK

Value Relative To Nation

Number Of Homes And Apartments:
7,663

Sand Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
48.97% 1.89%
1
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,040 / per month

Homeownership Rate

Owners
68.2%
68.2%
Renters
31.8%
31.8%
Vacant
7.9%
7.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
17.8%
17.8%
1970 - 1999
45.4%
45.4%
1940 - 1969
30.2%
30.2%
1939 or Older
6.6%
6.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
77.5%
77.5%
Townhomes
2.8%
2.8%
Small Apt. Buildings
4.1%
4.1%
Apt. Complexes
10.2%
10.2%
Mobile Homes
4.9%
4.9%
Other
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
7.6%
7.6%
2 Bedrooms
22.5%
22.5%
3 Bedrooms
52.9%
52.9%
4 Bedrooms
13.0%
13.0%
5 or more bedrooms
2.2%
2.2%
0.0% 100.0%
% OF HOMES