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 1,184, 378 total housing units (homes and apartments), and a median house value of $259,538, house prices in Beggs are solidly below the national average.
Single-family detached homes are the single most common housing type in Beggs, accounting for 75.00% of the city's housing units. Other types of housing that are prevalent in Beggs include mobile homes or trailers ( 15.00%), duplexes, homes converted to apartments or other small apartment buildings ( 9.38%).
The most prevalent building size and type in Beggs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.91% owning and 37.09% renting.
There is a lot of housing in Beggs 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 Beggs built before 1939 ( 23.96%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.04%). There's also some housing in Beggs built between 1940-1969 ( 15.83%).
Vacant housing appears to be an issue in Beggs. Fully 21.25% of the housing stock is classified as vacant. Left unchecked, vacant Beggs homes and apartments can be a drag on the real estate market, holding Beggs 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 Beggs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 105.15%, which ranks in the top 40% nationwide. This equates to an annual average Beggs house appreciation rate of 7.45%.
NeighborhoodScout's data show that during the latest twelve months, Beggs's appreciation rate, at 4.01%, has been at or slightly above the national average. In the latest quarter, Beggs's appreciation rate has been 1.60%, which annualizes to a rate of 6.57%.
Importantly, this makes Beggs 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 Beggs's latest annual appreciation rate is lower than 60% of the other cities and towns in Oklahoma.
$259,538
for Oklahoma
for nation
378
$1,277 / per month