Broken Arrow, OK is an increasingly desirable place to live, backed up by its impressive housing market. The median value of a home in Broken Arrow is $247,300, which is significantly lower than the US house median value of $338,100. Despite this price difference, the appreciation rate of houses in Broken Arrow has been 13.94% over the past year as opposed to 8.27% nationally. This data indicates that more people are investing in property in Broken Arrow and shows good signs for future growth in local housing prices.
The median home cost in Broken Arrow is $247,300. Home appreciation the last 10 years has been 70.8%. Home Appreciation in Broken Arrow is up 17.0%.
Average Age of Homes
- The median age of Broken Arrow real estate is 28 years old
The Rental Market in Broken Arrow
- Renters make up 21.6% of the Broken Arrow population
- 1.2% of houses and apartments in Broken Arrow, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.