Midwest City appreciation rates and housing market information

Midwest City housing market information

With 54,202 people, 23,805 houses or apartments, and a median cost of homes of $106,583, house prices in Midwest City are solidly below the national average.

single-family detached homes are the single most common housing type in Midwest City, accounting for 72.58% of the city's housing units. Other types of housing that are prevalent in Midwest City include large apartment complexes or high rise apartments (15.87%), duplexes, homes converted to apartments, or other small apartment buildings (4.06%), mobile homes or trailers (3.83%), and a few row houses and other attached homes (3.48%).

The most prevalent building size and type in Midwest City are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 57.08% owning, and 35.97% renting.

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. Midwest City's housing was primarily built during this period, from the '40s through the '60s. A full 51.64% of the city's housing hails from this era. Other housing ages represented in Midwest City include homes built between 1970-1994 (42.17%), and housing constructed from 1995 and later (4.36%). There's also some housing in Midwest City built between 1939 and earlier (1.83%).

Midwest City home appreciation rates

Midwest City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Midwest City during the period has been just 4.24%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Midwest City home appreciation rates, at 0.65%, have been at or slightly above the national average. In the latest quarter, Midwest City's appreciation rate has been 1.10%, which annualizes to a rate of 4.40%.

Relative to Oklahoma, our data show that Midwest City's latest annual appreciation rate is higher than 6% 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 Midwest City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Midwest City - 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 Midwest City real estate investment or home purchase decisions.