Tahlequah, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Tahlequah Neighborhoods Since 2000




Tahlequah, 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

Tahlequah Housing Market Information

With 16,598 people, 5,536 houses or apartments, and a median cost of homes of $125,817, house prices in Tahlequah are solidly below the national average.

Single-family detached homes are the single most common housing type in Tahlequah, accounting for 56.54% of the city's housing units. Other types of housing that are prevalent in Tahlequah include large apartment complexes or high rise apartments ( 19.82%), duplexes, homes converted to apartments or other small apartment buildings ( 14.87%), and a few mobile homes or trailers ( 7.42%).

People in Tahlequah primarily live in small (one, two or no bedroom) single-family detached homes. Tahlequah has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Tahlequah 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 Tahlequah built between 1940-1969 ( 24.47%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.26%). There's also some housing in Tahlequah built before 1939 ( 3.11%).

Vacant housing appears to be an issue in Tahlequah. Fully 21.30% of the housing stock is classified as vacant. Left unchecked, vacant Tahlequah homes and apartments can be a drag on the real estate market, holding Tahlequah 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.

Tahlequah Home Appreciation Rates

Appreciation rates for homes in Tahlequah have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.96%, which ranks in the top 30% nationwide. This equates to an annual average Tahlequah house appreciation rate of 1.14%.

Appreciation rates are so strong in Tahlequah that despite a nationwide downturn in the housing market, Tahlequah real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tahlequah appreciation rates continue to be some of the highest in America, at 7.42%, which is higher than appreciation rates in 83.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tahlequah. Tahlequah appreciation rates in the latest quarter were at 2.06%, which equates to an annual appreciation rate of 8.51%.

Importantly, this makes Tahlequah 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 Tahlequah's latest annual appreciation rate is higher than 90% 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 Tahlequah differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tahlequah - 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 Tahlequah real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$125,817

Tahlequah, OK HOME PRICES

Value Range
> $1,147,000 1.0
$860,001 - $1,147,000 0.0
$574,001 - $860,000 0.6
$459,001 - $574,000 1.1
$344,001 - $459,000 1.4
$230,001 - $344,000 11.3
$115,001 - $230,000 45.2
$57,001 - $115,000 27.1
$0 - $57,000 12.2

High for OK
Low for Nation

Value Relative to Nation Value Relative to State
62.1059416383453 23.2628398791541

Number Of Homes And Apartments:
5,536

Tahlequah 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
50.43% 2.40% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$704 / per month

Homeownership Rate

Homeownership
Owners 40.05
Renters 59.95
Vacant 21.30

Housing Market Details

 

Age of Homes

AGE OF Tahlequah HOMES
2000 or Newer 20.3
1970 - 1999 52.2
1940 - 1969 24.5
1939 or Older 3.1

Types of Homes

TYPE OF Tahlequah HOMES
Single-Family 56.5
Townhomes 1.4
Small Apt. Buildings 14.9
Apt. Complexes 19.8
Mobile Homes 7.4
Other 0.0

Home Size

SIZE OF Tahlequah HOMES
No Bedroom 2.03
1 Bedroom 17.47
2 Bedrooms 30.51
3 Bedrooms 39.41
4 Bedrooms 8.35
5 or more bedrooms 2.23