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 5,180, 2,041 total housing units (homes and apartments), and a median house value of $145,609, house prices in Vinita are solidly below the national average.
Single-family detached homes are the single most common housing type in Vinita, accounting for 76.10% of the city's housing units. Other types of housing that are prevalent in Vinita include large apartment complexes or high rise apartments ( 10.98%), mobile homes or trailers ( 7.00%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.83%).
The most prevalent building size and type in Vinita are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.80% owning and 47.20% renting.
There is a lot of housing in Vinita 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 Vinita built between 1940-1969 ( 34.38%). A lesser amount of the housing stock also hails from before 1939 ( 22.27%). There's also some housing in Vinita built between 2000 and later ( 5.14%).
Vacant housing appears to be an issue in Vinita. Fully 21.08% of the housing stock is classified as vacant. Left unchecked, vacant Vinita homes and apartments can be a drag on the real estate market, holding Vinita 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Vinita, where house values have increased just 50.28%, which is annualized rate of 4.16%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Vinita's appreciation rate, at 7.12%, has been at or slightly above the national average. In the latest quarter, Vinita's appreciation rate has been 3.30%, which annualizes to a rate of 13.85%.
Importantly, this makes Vinita 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 Vinita's latest annual appreciation rate is lower than 60% of the other cities and towns in Oklahoma.
$145,609
for Oklahoma
for nation
2,041
$1,380 / per month