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 4,951 people, 1,757 houses or apartments, and a median cost of homes of $182,760, house prices in Sulphur are solidly below the national average.
Single-family detached homes are the single most common housing type in Sulphur, accounting for 83.37% of the city's housing units. Other types of housing that are prevalent in Sulphur include duplexes, homes converted to apartments or other small apartment buildings ( 8.03%), mobile homes or trailers ( 5.39%), and a few row houses and other attached homes ( 2.01%).
The most prevalent building size and type in Sulphur are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.11% owning and 39.89% renting.
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. Sulphur's housing was primarily built during this period, from the '40s through the '60s. A full 39.05% of the city's housing hails from this era. Other housing ages represented in Sulphur include homes built between 1970-1999 ( 34.51%) and housing constructed between 2000 and later ( 13.82%). There's also some housing in Sulphur built before 1939 ( 12.62%).
Vacant housing appears to be an issue in Sulphur. Fully 21.67% of the housing stock is classified as vacant. Left unchecked, vacant Sulphur homes and apartments can be a drag on the real estate market, holding Sulphur 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.
Appreciation rates for homes in Sulphur have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.26%, which ranks in the top 50% nationwide. This equates to an annual average Sulphur house appreciation rate of 6.81%.
Appreciation rates are so strong in Sulphur that despite a nationwide downturn in the housing market, Sulphur real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sulphur appreciation rates continue to be some of the highest in America, at 8.65%, which is higher than appreciation rates in 77.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sulphur. Sulphur appreciation rates in the latest quarter were at 3.30%, which equates to an annual appreciation rate of 13.85%.
Importantly, this makes Sulphur one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Oklahoma, our data show that Sulphur's latest annual appreciation rate is higher than 60% of the other cities and towns in Oklahoma.
$182,760
for Oklahoma
for nation
1,757
$1,386 / per month