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 6,026 people, 2,412 houses or apartments, and a median cost of homes of $186,286, house prices in Pauls Valley are solidly below the national average.
Single-family detached homes are the single most common housing type in Pauls Valley, accounting for 81.02% of the city's housing units. Other types of housing that are prevalent in Pauls Valley include large apartment complexes or high rise apartments ( 7.70%), duplexes, homes converted to apartments or other small apartment buildings ( 7.40%), and a few mobile homes or trailers ( 2.45%).
People in Pauls Valley primarily live in small (one, two or no bedroom) single-family detached homes. Pauls Valley has a mixture of owner-occupied and renter-occupied housing.
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. Pauls Valley's housing was primarily built during this period, from the '40s through the '60s. A full 54.04% of the city's housing hails from this era. Other housing ages represented in Pauls Valley include homes built between 1970-1999 ( 34.15%) and housing constructed between 2000 and later ( 7.76%). There's also some housing in Pauls Valley built before 1939 ( 4.04%).
Vacant housing appears to be an issue in Pauls Valley. Fully 21.33% of the housing stock is classified as vacant. Left unchecked, vacant Pauls Valley homes and apartments can be a drag on the real estate market, holding Pauls Valley 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.
Pauls Valley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pauls Valley during the period has been just 5.60%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Pauls Valley's appreciation rate, at 7.67%, has been at or slightly above the national average. In the latest quarter, Pauls Valley's appreciation rate has been 3.30%, which annualizes to a rate of 13.85%.
Importantly, this makes Pauls Valley 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 Pauls Valley's latest annual appreciation rate is lower than 60% of the other cities and towns in Oklahoma.
$186,286
for Oklahoma
for nation
2,412
$1,287 / per month