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 9,296 people, 3,166 houses or apartments, and a median cost of homes of $340,880, Collinsville real estate is some of the most expensive in Oklahoma, although Collinsville home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Collinsville, accounting for 84.83% of the city's housing units. Other types of housing that are prevalent in Collinsville include large apartment complexes or high rise apartments ( 6.04%), mobile homes or trailers ( 3.97%), and a few row houses and other attached homes ( 2.55%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Collinsville. Owner-occupied housing accounts for 73.45% of Collinsville's homes, and 74.17% have either three or four bedrooms, which is average sized relative to America.
Collinsville homes and real estate are some of the newest in America. 53.52% of Collinsville's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Collinsville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 24.76%), and between 1940-1969 ( 12.06%). There's also some housing in Collinsville built before 1939 ( 9.66%).
Appreciation rates for homes in Collinsville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.31%, which ranks in the top 50% nationwide. This equates to an annual average Collinsville house appreciation rate of 6.65%.
Appreciation rates are so strong in Collinsville that despite a nationwide downturn in the housing market, Collinsville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Collinsville appreciation rates continue to be some of the highest in America, at 8.01%, which is higher than appreciation rates in 93.23% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Collinsville. Collinsville appreciation rates in the latest quarter were at 2.65%, which equates to an annual appreciation rate of 11.04%.
Importantly, this makes Collinsville 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 Collinsville's latest annual appreciation rate is higher than 90% of the other cities and towns in Oklahoma.
$340,880
for Oklahoma
for nation
3,166
$2,305 / per month