Skiatook, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Skiatook Neighborhoods Since 2000




Skiatook, 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

Skiatook Housing Market Information

With a population of 7,880, 2,753 total housing units (homes and apartments), and a median house value of $152,598, Skiatook real estate is some of the most expensive in Oklahoma, although Skiatook home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Skiatook, accounting for 79.01% of the town's housing units. Other types of housing that are prevalent in Skiatook include large apartment complexes or high rise apartments ( 7.38%), duplexes, homes converted to apartments or other small apartment buildings ( 6.82%), and a few mobile homes or trailers ( 6.11%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Skiatook. Owner-occupied housing accounts for 67.73% of Skiatook's homes, and 70.42% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Skiatook 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 Skiatook built between 2000 and later ( 26.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.90%). There's also some housing in Skiatook built before 1939 ( 7.08%).

Vacant housing appears to be an issue in Skiatook. Fully 10.12% of the housing stock is classified as vacant. Left unchecked, vacant Skiatook homes and apartments can be a drag on the real estate market, holding Skiatook 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.

Skiatook Home Appreciation Rates

In the last 10 years, Skiatook has experienced some of the highest home appreciation rates of any community in the nation. Skiatook real estate appreciated 16.89% over the last ten years, which is an average annual home appreciation rate of 1.57%, putting Skiatook in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Skiatook definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Skiatook that despite a nationwide downturn in the housing market, Skiatook real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Skiatook appreciation rates continue to be some of the highest in America, at 8.48%, which is higher than appreciation rates in 88.79% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Skiatook. Skiatook appreciation rates in the latest quarter were at 0.95%, which equates to an annual appreciation rate of 3.86%.

Relative to Oklahoma, our data show that Skiatook's latest annual appreciation rate is higher than 90% of the other cities and towns in Oklahoma.

Average Home Values

 

Median Home Value:
$152,598

Skiatook, OK HOME PRICES

Value Range
> $1,135,000 0.3
$851,001 - $1,135,000 1.1
$567,001 - $851,000 0.0
$454,001 - $567,000 0.7
$340,001 - $454,000 3.5
$227,001 - $340,000 17.8
$113,001 - $227,000 40.0
$57,001 - $113,000 28.2
$0 - $57,000 8.5

Very High for OK
Average for Nation

Value Relative to Nation Value Relative to State
48.9101136763155 9.36555891238671

Number Of Homes And Apartments:
2,753

Skiatook 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
37.07% 1.84% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,004 / per month

Homeownership Rate

Homeownership
Owners 67.73
Renters 32.27
Vacant 10.12

Housing Market Details

 

Age of Homes

AGE OF Skiatook HOMES
2000 or Newer 26.4
1970 - 1999 42.6
1940 - 1969 23.9
1939 or Older 7.1

Types of Homes

TYPE OF Skiatook HOMES
Single-Family 79.0
Townhomes 0.4
Small Apt. Buildings 6.8
Apt. Complexes 7.4
Mobile Homes 6.1
Other 0.3

Home Size

SIZE OF Skiatook HOMES
No Bedroom 0.00
1 Bedroom 7.05
2 Bedrooms 19.46
3 Bedrooms 58.99
4 Bedrooms 11.43
5 or more bedrooms 3.07

Zip Codes in Skiatook, OK