Jenks appreciation rates and housing market information

Jenks housing market information

With 9,447 people, 3,563 houses or apartments, and a median cost of homes of $165,221, Jenks real estate is some of the most expensive in Oklahoma, although Jenks home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Jenks, accounting for 84.87% of the city's housing units. Other types of housing that are prevalent in Jenks include large apartment complexes or high rise apartments (6.68%), mobile homes or trailers (5.08%), duplexes, homes converted to apartments, or other small apartment buildings (1.71%), and a few row houses and other attached homes (1.52%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Jenks. Owner-occupied housing accounts for 78.00% of Jenks's homes, and 78.98% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Jenks built from 1970-1994, 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 Jenks built from 1995 and later (18.78%). A lesser amount of the housing stock also hails from 1940-1969 (16.08%), and some were built from 1939 and earlier (16.08%).

Jenks home appreciation rates

Jenks's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Jenks during the period has been just 5.18%, which is lower than % of US communities.

Appreciation rates are so strong in Jenks that despite a nationwide downturn in the housing market, Jenks real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jenks appreciation rates continue to be some of the highest in America, at 2.81%, which is higher than appreciation rates in 73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Jenks. Jenks appreciation rates in the latest quarter were at 2.25%, which equates to an annual appreciation rate of 9.00%.

Importantly, this makes Jenks 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 Jenks's latest annual appreciation rate is higher than 37% of the other cities and towns in Oklahoma.