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 a population of 923, 416 total housing units (homes and apartments), and a median house value of $112,920, house prices in Talihina are some of the most affordable in Oklahoma as well as the nation.
Single-family detached homes are the single most common housing type in Talihina, accounting for 68.97% of the town's housing units. Other types of housing that are prevalent in Talihina include large apartment complexes or high rise apartments ( 17.01%), duplexes, homes converted to apartments or other small apartment buildings ( 6.73%), and a few mobile homes or trailers ( 4.49%).
The most prevalent building size and type in Talihina are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 49.48% owning and 50.52% renting.
There is a lot of housing in Talihina 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 Talihina built between 1940-1969 ( 40.93%). A lesser amount of the housing stock also hails from before 1939 ( 7.85%). There's also some housing in Talihina built between 2000 and later ( 7.48%).
Vacant housing appears to be an issue in Talihina. Fully 22.24% of the housing stock is classified as vacant. Left unchecked, vacant Talihina homes and apartments can be a drag on the real estate market, holding Talihina 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.
Talihina's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Talihina during the period has been just 5.51%, which is lower than 70% of US communities.
Appreciation rates are so strong in Talihina that despite a nationwide downturn in the housing market, Talihina real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Talihina appreciation rates continue to be some of the highest in America, at 8.41%, which is higher than appreciation rates in 74.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Talihina. Talihina appreciation rates in the latest quarter were at 3.30%, which equates to an annual appreciation rate of 13.85%.
Importantly, this makes Talihina 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 Talihina's latest annual appreciation rate is lower than 50% of the other cities and towns in Oklahoma.
$112,920
for Oklahoma
for nation
416
$969 / per month