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 2,805 people, 1,171 houses or apartments, and a median cost of homes of $222,449, house prices in Eufaula are solidly below the national average.
Single-family detached homes are the single most common housing type in Eufaula, accounting for 74.56% of the city's housing units. Other types of housing that are prevalent in Eufaula include duplexes, homes converted to apartments or other small apartment buildings ( 15.93%), mobile homes or trailers ( 6.56%), and a few large apartment complexes or high rise apartments ( 1.77%).
The most prevalent building size and type in Eufaula are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.82% owning and 46.18% renting.
There is a lot of housing in Eufaula 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 Eufaula built between 1940-1969 ( 30.03%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.21%). There's also some housing in Eufaula built before 1939 ( 13.84%).
Vacant housing appears to be an issue in Eufaula. Fully 23.21% of the housing stock is classified as vacant. Left unchecked, vacant Eufaula homes and apartments can be a drag on the real estate market, holding Eufaula 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.
Appreciation rates for homes in Eufaula have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.52%, which ranks in the top 50% nationwide. This equates to an annual average Eufaula house appreciation rate of 6.55%.
Appreciation rates are so strong in Eufaula that despite a nationwide downturn in the housing market, Eufaula real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Eufaula appreciation rates continue to be some of the highest in America, at 8.52%, which is higher than appreciation rates in 75.82% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Eufaula. Eufaula appreciation rates in the latest quarter were at 3.30%, which equates to an annual appreciation rate of 13.85%.
Importantly, this makes Eufaula 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 Eufaula's latest annual appreciation rate is lower than 50% of the other cities and towns in Oklahoma.
$222,449
for Oklahoma
for nation
1,171
$994 / per month