Sapulpa, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sapulpa, OK Real Estate Data


Sapulpa Housing Market Information

With 20,579 people, 7,632 houses or apartments, and a median cost of homes of $128,655, house prices in Sapulpa are solidly below the national average.

Single-family detached homes are the single most common housing type in Sapulpa, accounting for 83.68% of the city's housing units. Other types of housing that are prevalent in Sapulpa include large apartment complexes or high rise apartments ( 7.31%), mobile homes or trailers ( 4.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.25%).

The most prevalent building size and type in Sapulpa are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.72% owning and 35.28% renting.

There is a lot of housing in Sapulpa 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 Sapulpa built between 1940-1969 ( 36.60%). A lesser amount of the housing stock also hails from before 1939 ( 13.28%). There's also some housing in Sapulpa built between 2000 and later ( 12.87%).

Vacant housing appears to be an issue in Sapulpa. Fully 12.25% of the housing stock is classified as vacant. Left unchecked, vacant Sapulpa homes and apartments can be a drag on the real estate market, holding Sapulpa 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.

Sapulpa Home Appreciation Rates

Appreciation rates for homes in Sapulpa have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.92%, which ranks in the top 30% nationwide. This equates to an annual average Sapulpa house appreciation rate of 1.22%.

Over the last year, Sapulpa appreciation rates have trailed the rest of the nation. In the last twelve months, Sapulpa's appreciation rate has been 4.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sapulpa were at 1.42%, which equates to an annual appreciation rate of 5.81%.

Relative to Oklahoma, our data show that Sapulpa'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 Sapulpa differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sapulpa - 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 Sapulpa real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$128,655

Sapulpa, OK HOME PRICES

Value Range
> $1,133,000 0.2
$850,001 - $1,133,000 0.1
$566,001 - $850,000 1.1
$453,001 - $566,000 2.1
$340,001 - $453,000 2.8
$227,001 - $340,000 9.7
$113,001 - $227,000 35.8
$57,001 - $113,000 32.8
$0 - $57,000 15.3

Very High for OK
Low for Nation

Value Relative to Nation Value Relative to State
61.5330561574047 19.9395770392749

Number Of Homes And Apartments:
7,632

Rent & Ownership

 

Average Market Rent:
$828 / per month

Homeownership Rate

Homeownership
Owners 64.72
Renters 35.28
Vacant 12.25

Housing Market Details

 

Age of Homes

AGE OF Sapulpa HOMES
2000 or Newer 12.9
1970 - 1999 37.3
1940 - 1969 36.6
1939 or Older 13.3

Types of Homes

TYPE OF Sapulpa HOMES
Single-Family 83.7
Townhomes 1.1
Small Apt. Buildings 3.3
Apt. Complexes 7.3
Mobile Homes 4.6
Other 0.1

Home Size

SIZE OF Sapulpa HOMES
No Bedroom 1.07
1 Bedroom 6.65
2 Bedrooms 28.21
3 Bedrooms 52.21
4 Bedrooms 9.65
5 or more bedrooms 2.22

Sapulpa Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
38.53% 1.94% 2 4
* 10 is highest