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 9,566 people, 3,649 houses or apartments, and a median cost of homes of $218,724, house prices in Pryor Creek are solidly below the national average.
Single-family detached homes are the single most common housing type in Pryor Creek, accounting for 75.43% of the city's housing units. Other types of housing that are prevalent in Pryor Creek include large apartment complexes or high rise apartments ( 11.42%), duplexes, homes converted to apartments or other small apartment buildings ( 7.84%), and a few mobile homes or trailers ( 3.85%).
The most prevalent building size and type in Pryor Creek are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.53% owning and 46.47% renting.
There is a lot of housing in Pryor Creek 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 Pryor Creek built between 1940-1969 ( 37.72%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.34%). There's also some housing in Pryor Creek built before 1939 ( 2.85%).
Vacant housing appears to be an issue in Pryor Creek. Fully 11.15% of the housing stock is classified as vacant. Left unchecked, vacant Pryor Creek homes and apartments can be a drag on the real estate market, holding Pryor Creek 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 Pryor Creek have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.87%, which ranks in the top 50% nationwide. This equates to an annual average Pryor Creek house appreciation rate of 6.84%.
Appreciation rates are so strong in Pryor Creek that despite a nationwide downturn in the housing market, Pryor Creek real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pryor Creek appreciation rates continue to be some of the highest in America, at 12.24%, which is higher than appreciation rates in 94.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pryor Creek. Pryor Creek appreciation rates in the latest quarter were at 3.30%, which equates to an annual appreciation rate of 13.85%.
Importantly, this makes Pryor Creek 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 Pryor Creek's latest annual appreciation rate is higher than 90% of the other cities and towns in Oklahoma.
$218,724
for Oklahoma
for nation
3,649
$1,456 / per month