The housing market in 73491 Velma, OK is very healthy. The median value of homes here is $106,700 while the US median value for homes is $338,100. This makes the housing market here much more affordable than other areas of the country. The US house appreciation rate over the last year was 8.27% while the appreciation rate in 73491 Velma, OK was an impressive 13.34%, showing that this area has a strong and growing housing market. Overall, this makes it an attractive place to live for those looking for an affordable home with good potential growth and appreciation.
The median home cost in Velma (zip 73491) is $106,700. Home appreciation the last 10 years has been 62.1%. Home Appreciation in Velma (zip 73491) is up 14.5%.
Average Age of Homes
- The median age of Velma (zip 73491) real estate is 42 years old
The Rental Market in Velma (zip 73491)
- Renters make up 21.0% of the Velma (zip 73491) population
- 4.1% of houses and apartments in Velma (zip 73491), 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.