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 20,174 people, 7,742 houses or apartments, and a median cost of homes of $231,663, house prices in Claremore are solidly below the national average.
Single-family detached homes are the single most common housing type in Claremore, accounting for 71.05% of the city's housing units. Other types of housing that are prevalent in Claremore include large apartment complexes or high rise apartments ( 13.00%), duplexes, homes converted to apartments or other small apartment buildings ( 9.55%), and a few row houses and other attached homes ( 3.25%).
The most prevalent building size and type in Claremore are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.73% owning and 49.27% renting.
There is a lot of housing in Claremore 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 Claremore built between 1940-1969 ( 25.26%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.47%). There's also some housing in Claremore built before 1939 ( 5.77%).
Real estate appreciation rates in Claremore's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.28% during the period.
NeighborhoodScout's data show that during the latest twelve months, Claremore's appreciation rate, at 6.47%, has been at or slightly above the national average. In the latest quarter, Claremore's appreciation rate has been 0.66%, which annualizes to a rate of 2.67%.
Relative to Oklahoma, our data show that Claremore's latest annual appreciation rate is lower than 60% of the other cities and towns in Oklahoma.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Claremore differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Claremore - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Claremore real estate investment or home purchase decisions.
$231,663
for Oklahoma
for nation
7,742
$1,519 / per month