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 502 people, 217 houses or apartments, and a median cost of homes of $218,657, house prices in Ketchum are solidly below the national average.
Single-family detached homes are the single most common housing type in Ketchum, accounting for 70.30% of the town's housing units. Other types of housing that are prevalent in Ketchum include mobile homes or trailers ( 17.16%), large apartment complexes or high rise apartments ( 4.95%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.96%).
The most prevalent building size and type in Ketchum are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.14% owning and 42.86% renting.
There is a lot of housing in Ketchum built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ketchum built between 2000 and later ( 27.39%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.10%). There's also some housing in Ketchum built before 1939 ( 8.91%).
Vacant housing appears to be an issue in Ketchum. Fully 28.38% of the housing stock is classified as vacant. Left unchecked, vacant Ketchum homes and apartments can be a drag on the real estate market, holding Ketchum 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.
Ketchum's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ketchum during the period has been just 5.35%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Ketchum's appreciation rate, at 7.73%, has been at or slightly above the national average. In the latest quarter, Ketchum's appreciation rate has been 3.30%, which annualizes to a rate of 13.85%.
Importantly, this makes Ketchum 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 Ketchum's latest annual appreciation rate is lower than 60% of the other cities and towns in Oklahoma.
$218,657
for Oklahoma
for nation
217
$1,230 / per month