Sand Springs, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sand Springs, 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

Sand Springs Housing Market Information

With 19,783 people, 7,356 houses or apartments, and a median cost of homes of $132,742, 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 78.44% of the city's housing units. Other types of housing that are prevalent in Sand Springs include large apartment complexes or high rise apartments ( 9.43%), duplexes, homes converted to apartments or other small apartment buildings ( 5.83%), and a few mobile homes or trailers ( 4.67%).

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 67.13% of Sand Springs's homes, and 67.16% 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 ( 29.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.08%). There's also some housing in Sand Springs built before 1939 ( 6.36%).

Sand Springs Home Appreciation Rates

Appreciation rates for homes in Sand Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.45%, which ranks in the top 30% nationwide. This equates to an annual average Sand Springs house appreciation rate of 1.09%.

Over the last year, Sand Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Sand Springs's appreciation rate has been 3.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sand Springs were at 0.95%, which equates to an annual appreciation rate of 3.85%.

Relative to Oklahoma, our data show that Sand Springs's latest annual appreciation rate is lower than 60% 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:
$132,742

Sand Springs, OK HOME PRICES

Value Range
> $1,085,000 0.5
$813,001 - $1,085,000 0.3
$542,001 - $813,000 0.8
$434,001 - $542,000 1.3
$326,001 - $434,000 3.2
$217,001 - $326,000 8.3
$109,001 - $217,000 43.5
$54,001 - $109,000 30.8
$0 - $54,000 11.2

Very High for OK
Average for Nation

Value Relative to Nation Value Relative to State
58.3675143560295 18.429003021148

Number Of Homes And Apartments:
7,356

Sand Springs 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
31.50% 1.60% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$992 / per month

Homeownership Rate

Homeownership
Owners 67.13
Renters 32.87
Vacant 8.95

Housing Market Details

 

Age of Homes

AGE OF Sand Springs HOMES
2000 or Newer 16.1
1970 - 1999 47.9
1940 - 1969 29.6
1939 or Older 6.4

Types of Homes

TYPE OF Sand Springs HOMES
Single-Family 78.4
Townhomes 1.6
Small Apt. Buildings 5.8
Apt. Complexes 9.4
Mobile Homes 4.7
Other 0.0

Home Size

SIZE OF Sand Springs HOMES
No Bedroom 1.15
1 Bedroom 9.72
2 Bedrooms 20.51
3 Bedrooms 54.92
4 Bedrooms 12.24
5 or more bedrooms 1.46