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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 3,193 people, 1,062 houses or apartments, and a median cost of homes of $183,055, house prices in Park Hill are solidly below the national average.
Single-family detached homes are the single most common housing type in Park Hill, accounting for 58.85% of the town's housing units. Other types of housing that are prevalent in Park Hill include mobile homes or trailers ( 26.16%), duplexes, homes converted to apartments or other small apartment buildings ( 13.63%), and a few large apartment complexes or high rise apartments ( 1.02%).
The most prevalent building size and type in Park Hill are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 60.29% owning and 39.71% renting.
There is a lot of housing in Park Hill 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 Park Hill built between 2000 and later ( 18.20%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.04%). There's also some housing in Park Hill built before 1939 ( 1.35%).
Vacant housing appears to be an issue in Park Hill. Fully 10.08% of the housing stock is classified as vacant. Left unchecked, vacant Park Hill homes and apartments can be a drag on the real estate market, holding Park Hill 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.
Real estate appreciation rates in Park Hill's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.52% during the period.
NeighborhoodScout's data show that during the latest twelve months, Park Hill's appreciation rate, at 5.14%, has been at or slightly above the national average. In the latest quarter, Park Hill's appreciation rate has been 0.88%, which annualizes to a rate of 3.58%.
Relative to Oklahoma, our data show that Park Hill's latest annual appreciation rate is higher than 50% of the other cities and towns in Oklahoma.
$183,055
for Oklahoma
for nation
1,062
$1,129 / per month