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 6,332 people, 2,217 houses or apartments, and a median cost of homes of $204,758, house prices in Tecumseh are solidly below the national average.
Single-family detached homes are the single most common housing type in Tecumseh, accounting for 80.90% of the city's housing units. Other types of housing that are prevalent in Tecumseh include large apartment complexes or high rise apartments ( 6.65%), duplexes, homes converted to apartments or other small apartment buildings ( 4.82%), and a few mobile homes or trailers ( 4.10%).
The most prevalent building size and type in Tecumseh are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.69% owning and 43.31% renting.
There is a lot of housing in Tecumseh 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 Tecumseh built between 1940-1969 ( 31.44%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.76%). There's also some housing in Tecumseh built before 1939 ( 8.08%).
Vacant housing appears to be an issue in Tecumseh. Fully 11.78% of the housing stock is classified as vacant. Left unchecked, vacant Tecumseh homes and apartments can be a drag on the real estate market, holding Tecumseh 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 Tecumseh's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.13% during the period.
NeighborhoodScout's data show that during the latest twelve months, Tecumseh's appreciation rate, at 7.22%, has been at or slightly above the national average. In the latest quarter, Tecumseh's appreciation rate has been 3.30%, which annualizes to a rate of 13.85%.
Importantly, this makes Tecumseh 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 Tecumseh's latest annual appreciation rate is lower than 60% of the other cities and towns in Oklahoma.
$204,758
for Oklahoma
for nation
2,217
$1,152 / per month