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 1,266 people, 526 houses or apartments, and a median cost of homes of $144,419, house prices in Beaver are solidly below the national average.
Single-family detached homes are the single most common housing type in Beaver, accounting for 91.45% of the town's housing units. Other types of housing that are prevalent in Beaver include mobile homes or trailers ( 6.34%), duplexes, homes converted to apartments or other small apartment buildings ( 2.21%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Beaver. Owner-occupied housing accounts for 69.44% of Beaver's homes, and 63.42% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Beaver's housing was primarily built during this period, from the '40s through the '60s. A full 59.44% of the town's housing hails from this era. Other housing ages represented in Beaver include homes built between 1970-1999 ( 34.37%) and housing constructed before 1939 ( 5.60%).
Vacant housing appears to be an issue in Beaver. Fully 22.42% of the housing stock is classified as vacant. Left unchecked, vacant Beaver homes and apartments can be a drag on the real estate market, holding Beaver real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Beaver's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Beaver during the period has been just 5.07%, which is lower than 80% of US communities.
Appreciation rates are so strong in Beaver that despite a nationwide downturn in the housing market, Beaver real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Beaver appreciation rates continue to be some of the highest in America, at 8.42%, which is higher than appreciation rates in 74.77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Beaver. Beaver appreciation rates in the latest quarter were at 3.30%, which equates to an annual appreciation rate of 13.85%.
Importantly, this makes Beaver one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Oklahoma, our data show that Beaver's latest annual appreciation rate is lower than 50% of the other cities and towns in Oklahoma.
$144,419
for Oklahoma
for nation
526
$1,285 / per month