Zip 74016 (Chelsea, OK) Housing

The housing market in Chelsea, OK (zip code 74016) is significantly more affordable than the national average. The median value of homes in Chelsea is $165,300, compared to the US average of $338,100. In the past year there has been an appreciation rate of 13.94%, which is higher than the national average of 8.27%. This suggests that Chelsea is a great place to invest in real estate, as it indicates strong potential for future growth and higher returns on investment.

The median home cost in Chelsea (zip 74016) is $165,300. Home appreciation the last 10 years has been 70.8%. Home Appreciation in Chelsea (zip 74016) is up 17.0%.

Average Age of Homes

- The median age of Chelsea (zip 74016) real estate is 37 years old

The Rental Market in Chelsea (zip 74016)

- Renters make up 19.1% of the Chelsea (zip 74016) population
- 1.3% of houses and apartments in Chelsea (zip 74016), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Chelsea, Oklahoma	United States
	2,680.0	139,647,020.0
	39	42
	$165,300	$338,100
	17.0%	16.6%
	49.8%	57.0%
	70.8%	101.1%
	$7.32	$10.98
	$737	$2,690
	58.7%	57.4%
	17.9%	11.2%
	23.5%	31.4%
Vacant Housing
	1.3%	1.9%
	0.1%	0.4%
	1.4%	0.7%
	1.6%	0.4%
	1.0%	3.6%
	12.5%	4.1%
Value of Owner-Occupied Housing
	7.1%	2.6%
	10.6%	2.4%
	7.8%	2.8%
	14.1%	3.9%
	10.0%	4.5%
	21.6%	11.3%
	9.5%	13.0%
	10.7%	20.1%
	6.0%	13.6%
	0.1%	8.3%
	2.4%	9.7%
	0.0%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	15.0%	13.6%
	15.0%	13.6%
	13.5%	13.6%
	16.8%	13.2%
	11.9%	14.8%
	13.5%	13.6%
	6.6%	10.0%
	6.2%	4.7%
	9.4%	12.2%

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