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 513, 207 total housing units (homes and apartments), and a median house value of $273,079, Ketchum real estate is some of the most expensive in Oklahoma, although Ketchum home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Ketchum, accounting for 63.79% of the town's housing units. Other types of housing that are prevalent in Ketchum include mobile homes or trailers ( 19.31%), large apartment complexes or high rise apartments ( 7.24%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.86%).
The most prevalent building size and type in Ketchum are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.29% owning and 36.72% renting.
There is a lot of housing in Ketchum 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 Ketchum built between 2000 and later ( 35.86%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.28%). There's also some housing in Ketchum built before 1939 ( 7.59%).
Vacant housing appears to be an issue in Ketchum. Fully 28.62% of the housing stock is classified as vacant. Left unchecked, vacant Ketchum homes and apartments can be a drag on the real estate market, holding Ketchum 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 Ketchum's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.44% during the period.
Appreciation rates are so strong in Ketchum that despite a nationwide downturn in the housing market, Ketchum real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ketchum appreciation rates continue to be some of the highest in America, at 7.57%, which is higher than appreciation rates in 91.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ketchum. Ketchum appreciation rates in the latest quarter were at 2.28%, which equates to an annual appreciation rate of 9.44%.
Importantly, this makes Ketchum one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Oklahoma, our data show that Ketchum's latest annual appreciation rate is higher than 90% of the other cities and towns in Oklahoma.
$273,079
for Oklahoma
for nation
207
$1,177 / per month