The housing market in Commerce, OK is significantly lower than the national average. The median value of a house in Commerce is $60,900 compared to the U.S. median of $338,100. Despite being a fraction of the cost of the national average, the appreciation rate for houses in Commerce over the past year has been 13.34%, more than double the 8.27% appreciation rate across all of the United States during that same period. This indicates that despite its low prices, investments in real estate in this area could be quite profitable given enough time and care.
The median home cost in Commerce is $60,900. Home appreciation the last 10 years has been 62.1%. Home Appreciation in Commerce is up 14.5%.
Average Age of Homes
- The median age of Commerce real estate is 56 years old
The Rental Market in Commerce
- Renters make up 28.6% of the Commerce population
- 4.9% of houses and apartments in Commerce, 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.