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 a population of 4,258, 1,686 total housing units (homes and apartments), and a median house value of $196,460, house prices in Bristow are solidly below the national average.
Single-family detached homes are the single most common housing type in Bristow, accounting for 71.83% of the city's housing units. Other types of housing that are prevalent in Bristow include duplexes, homes converted to apartments or other small apartment buildings ( 11.27%), large apartment complexes or high rise apartments ( 8.07%), and a few mobile homes or trailers ( 6.90%).
The most prevalent building size and type in Bristow are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 44.65% owning and 55.35% renting.
There is a lot of housing in Bristow 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 Bristow built between 1940-1969 ( 31.07%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.26%). There's also some housing in Bristow built before 1939 ( 13.45%).
Vacant housing appears to be an issue in Bristow. Fully 14.42% of the housing stock is classified as vacant. Left unchecked, vacant Bristow homes and apartments can be a drag on the real estate market, holding Bristow 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 Bristow have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.48%, which ranks in the top 30% nationwide. This equates to an annual average Bristow house appreciation rate of 7.42%.
Appreciation rates are so strong in Bristow that despite a nationwide downturn in the housing market, Bristow real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bristow appreciation rates continue to be some of the highest in America, at 6.55%, which is higher than appreciation rates in 85.00% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bristow. Bristow appreciation rates in the latest quarter were at 2.65%, which equates to an annual appreciation rate of 11.04%.
Importantly, this makes Bristow 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 Bristow's latest annual appreciation rate is higher than 80% of the other cities and towns in Oklahoma.
$196,460
for Oklahoma
for nation
1,686
$839 / per month