Edmond OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Edmond, 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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Edmond Housing Market Information

With 93,127 people, 33,604 houses or apartments, and a median cost of homes of $204,922, Edmond real estate is some of the most expensive in Oklahoma, although Edmond home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Edmond, accounting for 75.41% of the city's housing units. Other types of housing that are prevalent in Edmond include large apartment complexes or high rise apartments ( 13.79%), duplexes, homes converted to apartments or other small apartment buildings ( 4.88%), and a few row houses and other attached homes ( 3.53%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Edmond. Owner-occupied housing accounts for 67.27% of Edmond's homes, and 71.76% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Edmond built from 1970 to 1999 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 Edmond built between 2000 and later ( 29.20%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.41%). There's also some housing in Edmond built before 1939 ( 1.57%).

Edmond Home Appreciation Rates

Appreciation rates for homes in Edmond have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 29.83%, which ranks in the top 40% nationwide. This equates to an annual average Edmond house appreciation rate of 2.65%.

Appreciation rates are so strong in Edmond that despite a nationwide downturn in the housing market, Edmond real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Edmond appreciation rates continue to be some of the highest in America, at 6.06%, which is higher than appreciation rates in 86.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Edmond. Edmond appreciation rates in the latest quarter were at 2.83%, which equates to an annual appreciation rate of 11.83%.

Importantly, NeighborhoodScout’s exclusive research found that Edmond's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Oklahoma, our data show that Edmond's latest annual appreciation rate is higher than 90% 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 Edmond differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Edmond - 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 2000, to assist you in making the best Edmond real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$204,922

Edmond, OK HOME PRICES

Value Range
> $1,141,000 1.5
$855,001 - $1,141,000 2.3
$570,001 - $855,000 5.6
$456,001 - $570,000 5.1
$342,001 - $456,000 12.4
$228,001 - $342,000 22.5
$114,001 - $228,000 43.4
$57,001 - $114,000 4.2
$0 - $57,000 3.1

Very High for OK
High for Nation

Value Relative to Nation Value Relative to State
38.178102189781 3.92749244712991

Number Of Homes And Apartments:
33,604

Edmond Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
74.90% 2.83%
6
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,321 / per month

Homeownership Rate

Homeownership
Owners 67.27
Renters 32.73
Vacant 6.05

Housing Market Details

 

Age of Homes

AGE OF Edmond HOMES
2000 or Newer 29.2
1970 - 1999 58.8
1940 - 1969 10.4
1939 or Older 1.6

Types of Homes

TYPE OF Edmond HOMES
Single-Family 75.4
Townhomes 3.5
Small Apt. Buildings 4.9
Apt. Complexes 13.8
Mobile Homes 2.3
Other 0.1

Home Size

SIZE OF Edmond HOMES
No Bedroom 2.21
1 Bedroom 7.90
2 Bedrooms 14.73
3 Bedrooms 42.58
4 Bedrooms 29.18
5 or more bedrooms 3.40