Enid appreciation rates and housing market information

Enid housing market information

With a population of 47,094, 21,262 total housing units (homes and apartments), and a median house value of $105,165, house prices in Enid are solidly below the national average.

single-family detached homes are the single most common housing type in Enid, accounting for 82.77% of the city's housing units. Other types of housing that are prevalent in Enid include large apartment complexes or high rise apartments (6.49%), duplexes, homes converted to apartments, or other small apartment buildings (5.56%), row houses and other attached homes (2.71%), and a few mobile homes or trailers (2.27%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Enid. Owner-occupied housing accounts for 59.81% of Enid's homes, and 55.38% have either three or four bedrooms, which is average sized relative to America.

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. Enid's housing was primarily built during this period, from the '40s through the '60s. A full 46.87% of the city's housing hails from this era. Other housing ages represented in Enid include homes built between 1970-1994 (34.57%), and housing constructed from 1939 and earlier (15.35%). There's also some housing in Enid built between 1995 and later (3.21%).

Vacant housing appears to be an issue in Enid. Fully 10.87% of the housing stock is classified as vacant. Left unchecked, vacant Enid homes and apartments can be a drag on the real estate market, holding Enid 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.

Enid home appreciation rates

Real estate appreciation rates in Enid have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.29% during the period.

Appreciation rates are so strong in Enid that despite a nationwide downturn in the housing market, Enid real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Enid appreciation rates continue to be some of the highest in America, at 4.84%, which is higher than appreciation rates in 89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Enid. Enid appreciation rates in the latest quarter were at 1.58%, which equates to an annual appreciation rate of 6.32%.

Relative to Oklahoma, our data show that Enid's latest annual appreciation rate is higher than 72% of the other cities and towns in Oklahoma.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Enid differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Enid - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Enid real estate investment or home purchase decisions.