Blackwell, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Blackwell, OK Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Blackwell Housing Market Information

With a population of 6,875, 2,924 total housing units (homes and apartments), and a median house value of $58,582, house prices in Blackwell are some of the most affordable in Oklahoma as well as the nation.

Single-family detached homes are the single most common housing type in Blackwell, accounting for 88.78% of the city's housing units. Other types of housing that are prevalent in Blackwell include large apartment complexes or high rise apartments ( 4.26%), duplexes, homes converted to apartments or other small apartment buildings ( 3.79%), and a few mobile homes or trailers ( 1.92%).

Dwellings in Blackwell tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 50.10% of the homes in Blackwell have two or fewer bedrooms.

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. Blackwell's housing was primarily built during this period, from the '40s through the '60s. A full 40.82% of the city's housing hails from this era. Other housing ages represented in Blackwell include homes built before 1939 ( 34.98%) and housing constructed between 1970-1999 ( 22.03%). There's also some housing in Blackwell built between 2000 and later ( 2.17%).

Vacant housing appears to be an issue in Blackwell. Fully 18.57% of the housing stock is classified as vacant. Left unchecked, vacant Blackwell homes and apartments can be a drag on the real estate market, holding Blackwell 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.

Blackwell Home Appreciation Rates

In the last 10 years, Blackwell has experienced some of the highest home appreciation rates of any community in the nation. Blackwell real estate appreciated 19.39% over the last ten years, which is an average annual home appreciation rate of 1.79%, putting Blackwell in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Blackwell definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Blackwell appreciation rates have trailed the rest of the nation. In the last twelve months, Blackwell's appreciation rate has been 2.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Blackwell were at 2.06%, which equates to an annual appreciation rate of 8.51%.

Importantly, this makes Blackwell 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 Blackwell's latest annual appreciation rate is lower than 60% of the other cities and towns in Oklahoma.

Average Home Values

 

Median Home Value:
$58,582

Blackwell, OK HOME PRICES

Value Range
> $1,083,000 0.0
$812,001 - $1,083,000 0.0
$542,001 - $812,000 0.5
$433,001 - $542,000 0.1
$325,001 - $433,000 1.9
$217,001 - $325,000 4.1
$108,001 - $217,000 17.8
$54,001 - $108,000 31.2
$0 - $54,000 44.3

Very Low for OK
Very Low for Nation

Value Relative to Nation Value Relative to State
98.3241532872378 97.583081570997

Number Of Homes And Apartments:
2,924

Blackwell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
54.58% 2.56% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$709 / per month

Homeownership Rate

Homeownership
Owners 70.92
Renters 29.08
Vacant 18.57

Housing Market Details

 

Age of Homes

AGE OF Blackwell HOMES
2000 or Newer 2.2
1970 - 1999 22.0
1940 - 1969 40.8
1939 or Older 35.0

Types of Homes

TYPE OF Blackwell HOMES
Single-Family 88.8
Townhomes 1.3
Small Apt. Buildings 3.8
Apt. Complexes 4.3
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Blackwell HOMES
No Bedroom 3.51
1 Bedroom 7.10
2 Bedrooms 39.49
3 Bedrooms 38.43
4 Bedrooms 8.83
5 or more bedrooms 2.65

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