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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (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 19,874, 7,617 total housing units (homes and apartments), and a median house value of $192,841, 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 77.68% of the city's housing units. Other types of housing that are prevalent in Sand Springs include large apartment complexes or high rise apartments ( 9.33%), mobile homes or trailers ( 4.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.41%).

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 69.52% of Sand Springs's homes, and 66.87% 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 ( 27.58%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.14%). There's also some housing in Sand Springs built before 1939 ( 8.61%).

Sand Springs Home Appreciation Rates

Real estate appreciation rates in Sand Springs's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 4.12% during the period.

NeighborhoodScout's data show that during the latest twelve months, Sand Springs's appreciation rate, at 17.10%, has been at or slightly above the national average. In the latest quarter, Sand Springs's appreciation rate has been 2.65%, which annualizes to a rate of 11.02%.

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:
$192,841

Sand Springs, OK HOME PRICES

> $1,315,000
$987,001 - $1,315,000
$658,001 - $987,000
$526,001 - $658,000
$395,001 - $526,000
$263,001 - $395,000
$132,001 - $263,000
$66,001 - $132,000
$0 - $66,000
3.0%
3.0%
0.1%
0.1%
0.3%
0.3%
1.8%
1.8%
3.8%
3.8%
13.0%
13.0%
46.6%
46.6%
20.9%
20.9%
10.7%
10.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Very High for OK

Value Relative To Nation

Number Of Homes And Apartments:
7,617

Sand Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
74.93% 2.55%
2
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,271 / per month

Homeownership Rate

Owners
Renters
Vacant
69.5%
69.5%
30.5%
30.5%
7.9%
7.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.1%
23.1%
40.7%
40.7%
27.6%
27.6%
8.6%
8.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
77.7%
77.7%
3.5%
3.5%
4.4%
4.4%
9.3%
9.3%
4.4%
4.4%
0.7%
0.7%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.3%
1.3%
7.5%
7.5%
22.4%
22.4%
52.5%
52.5%
14.3%
14.3%
1.9%
1.9%
0.0% 100.0%
% OF HOMES