Muskogee, OK Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Muskogee, OK Housing Market Trends

With 37,113 people, 15,101 houses or apartments, and a median cost of homes of $108,637, house prices in Muskogee are solidly below the national average.

Single-family detached homes are the single most common housing type in Muskogee, accounting for 74.39% of the city's housing units. Other types of housing that are prevalent in Muskogee include large apartment complexes or high rise apartments ( 14.94%), duplexes, homes converted to apartments or other small apartment buildings ( 5.31%), and a few mobile homes or trailers ( 4.06%).

The most prevalent building size and type in Muskogee are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.93% owning and 47.07% renting.

There is a lot of housing in Muskogee 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 Muskogee built between 1940-1969 ( 36.70%). A lesser amount of the housing stock also hails from before 1939 ( 13.19%). There's also some housing in Muskogee built between 2000 and later ( 8.59%).

Vacant housing appears to be an issue in Muskogee. Fully 15.92% of the housing stock is classified as vacant. Left unchecked, vacant Muskogee homes and apartments can be a drag on the real estate market, holding Muskogee 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.

Muskogee Home Appreciation Rates

Muskogee's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Muskogee during the period has been just 2.02%, which is lower than 80% of US communities.

Over the last year, Muskogee appreciation rates have trailed the rest of the nation. In the last twelve months, Muskogee's appreciation rate has been 5.88%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Muskogee were at 1.85%, which equates to an annual appreciation rate of 7.60%.

Notably, Muskogee's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Oklahoma, our data show that Muskogee's latest annual appreciation rate is lower than 80% 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 Muskogee differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Muskogee - 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 Muskogee real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$108,637

Muskogee, OK HOME PRICES

> $1,173,000
0.2%
0.2%
$880,001 - $1,173,000
0.0%
0.0%
$586,001 - $880,000
0.6%
0.6%
$469,001 - $586,000
0.8%
0.8%
$351,001 - $469,000
2.4%
2.4%
$234,001 - $351,000
6.6%
6.6%
$117,001 - $234,000
32.5%
32.5%
$59,001 - $117,000
39.7%
39.7%
$0 - $59,000
17.3%
17.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Low for OK

Value Relative To Nation

Number Of Homes And Apartments:
15,101

Muskogee Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
55.51% 2.08%
1
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$964 / per month

Homeownership Rate

Owners
52.9%
52.9%
Renters
47.1%
47.1%
Vacant
15.9%
15.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.6%
8.6%
1970 - 1999
41.5%
41.5%
1940 - 1969
36.7%
36.7%
1939 or Older
13.2%
13.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
74.4%
74.4%
Townhomes
1.1%
1.1%
Small Apt. Buildings
5.3%
5.3%
Apt. Complexes
14.9%
14.9%
Mobile Homes
4.1%
4.1%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
5.5%
5.5%
1 Bedroom
9.1%
9.1%
2 Bedrooms
26.9%
26.9%
3 Bedrooms
45.6%
45.6%
4 Bedrooms
10.9%
10.9%
5 or more bedrooms
2.0%
2.0%
0.0% 100.0%
% OF HOMES