Sulphur, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sulphur, 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

Sulphur Housing Market Information

With 5,097 people, 1,885 houses or apartments, and a median cost of homes of $93,458, the cost of homes in Sulphur is among some of the lowest in the nation. Compared to Oklahoma, however, Sulphur real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Sulphur, accounting for 85.82% of the city's housing units. Other types of housing that are prevalent in Sulphur include mobile homes or trailers ( 4.93%), duplexes, homes converted to apartments or other small apartment buildings ( 4.54%), and a few large apartment complexes or high rise apartments ( 4.23%).

The most prevalent building size and type in Sulphur are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.43% owning and 51.57% renting.

There is a lot of housing in Sulphur 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 Sulphur built between 1940-1969 ( 41.00%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.76%). There's also some housing in Sulphur built before 1939 ( 6.34%).

Vacant housing appears to be an issue in Sulphur. Fully 17.00% of the housing stock is classified as vacant. Left unchecked, vacant Sulphur homes and apartments can be a drag on the real estate market, holding Sulphur 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.

Sulphur Home Appreciation Rates

In the last 10 years, Sulphur has experienced some of the highest home appreciation rates of any community in the nation. Sulphur real estate appreciated 19.19% over the last ten years, which is an average annual home appreciation rate of 1.77%, putting Sulphur in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sulphur definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Sulphur's appreciation rate, at 3.18%, has been at or slightly above the national average. In the latest quarter, Sulphur's appreciation rate has been 2.06%, which annualizes to a rate of 8.51%.

Importantly, this makes Sulphur one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Oklahoma, our data show that Sulphur's latest annual appreciation rate is lower than 50% of the other cities and towns in Oklahoma.

Average Home Values

 

Median Home Value:
$93,458

Sulphur, OK HOME PRICES

Value Range
> $1,094,000 0.0
$820,001 - $1,094,000 0.0
$547,001 - $820,000 0.0
$437,001 - $547,000 2.3
$328,001 - $437,000 1.9
$219,001 - $328,000 15.0
$109,001 - $219,000 18.6
$55,001 - $109,000 45.0
$0 - $55,000 17.1

Average for OK
Very Low for Nation

Value Relative to Nation Value Relative to State
81.7180358607758 56.1933534743202

Number Of Homes And Apartments:
1,885

Sulphur 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
58.54% 2.71% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$782 / per month

Homeownership Rate

Homeownership
Owners 48.43
Renters 51.57
Vacant 17.00

Housing Market Details

 

Age of Homes

AGE OF Sulphur HOMES
2000 or Newer 8.8
1970 - 1999 43.9
1940 - 1969 41.0
1939 or Older 6.3

Types of Homes

TYPE OF Sulphur HOMES
Single-Family 85.8
Townhomes 0.5
Small Apt. Buildings 4.5
Apt. Complexes 4.2
Mobile Homes 4.9
Other 0.0

Home Size

SIZE OF Sulphur HOMES
No Bedroom 2.03
1 Bedroom 8.28
2 Bedrooms 34.26
3 Bedrooms 45.66
4 Bedrooms 9.07
5 or more bedrooms 0.70

Popular Neighborhoods in Sulphur

Zip Codes in Sulphur, OK