Blair, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Blair, 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

Blair Housing Market Information

With 778 people, 281 houses or apartments, and a median cost of homes of $120,455, house prices in Blair are solidly below the national average.

Single-family detached homes are the single most common housing type in Blair, accounting for 91.62% of the town's housing units. Other types of housing that are prevalent in Blair include mobile homes or trailers ( 7.49%).

The most prevalent building size and type in Blair are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.21% owning and 38.79% 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. Blair's housing was primarily built during this period, from the '40s through the '60s. A full 38.02% of the town's housing hails from this era. Other housing ages represented in Blair include homes built between 1970-1999 ( 29.04%) and housing constructed before 1939 ( 23.35%). There's also some housing in Blair built between 2000 and later ( 9.58%).

Vacant housing appears to be an issue in Blair. Fully 15.87% of the housing stock is classified as vacant. Left unchecked, vacant Blair homes and apartments can be a drag on the real estate market, holding Blair 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.

Blair Home Appreciation Rates

In the last 10 years, Blair has experienced some of the highest home appreciation rates of any community in the nation. Blair real estate appreciated 31.65% over the last ten years, which is an average annual home appreciation rate of 2.79%, putting Blair in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Blair definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Blair's appreciation rate, at 3.82%, has been at or slightly above the national average. In the latest quarter, Blair's appreciation rate has been 2.06%, which annualizes to a rate of 8.51%.

Importantly, this makes Blair one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Oklahoma, our data show that Blair's latest annual appreciation rate is higher than 60% of the other cities and towns in Oklahoma.

Average Home Values

 

Median Home Value:
$120,455

Blair, OK HOME PRICES

Value Range
> $1,113,000 0.0
$834,001 - $1,113,000 0.0
$556,001 - $834,000 0.0
$445,001 - $556,000 2.8
$334,001 - $445,000 2.8
$223,001 - $334,000 6.3
$111,001 - $223,000 38.8
$56,001 - $111,000 27.9
$0 - $56,000 21.4

High for OK
Low for Nation

Value Relative to Nation Value Relative to State
65.1412164537677 27.190332326284

Number Of Homes And Apartments:
281

Blair 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
73.58% 3.25% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$734 / per month

Homeownership Rate

Homeownership
Owners 61.21
Renters 38.79
Vacant 15.87

Housing Market Details

 

Age of Homes

AGE OF Blair HOMES
2000 or Newer 9.6
1970 - 1999 29.0
1940 - 1969 38.0
1939 or Older 23.4

Types of Homes

TYPE OF Blair HOMES
Single-Family 91.6
Townhomes 0.9
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 7.5
Other 0.0

Home Size

SIZE OF Blair HOMES
No Bedroom 0.60
1 Bedroom 3.59
2 Bedrooms 38.02
3 Bedrooms 51.20
4 Bedrooms 6.59
5 or more bedrooms 0.00

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Zip Codes in Blair, OK