Edmond, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Edmond, OK Real Estate Data


Edmond Housing Market Information

With a population of 90,092, 31,792 total housing units (homes and apartments), and a median house value of $249,423, 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 76.64% of the city's housing units. Other types of housing that are prevalent in Edmond include large apartment complexes or high rise apartments ( 13.49%), duplexes, homes converted to apartments or other small apartment buildings ( 4.16%), and a few row houses and other attached homes ( 3.32%).

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 68.17% of Edmond's homes, and 72.21% 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 ( 25.30%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.30%). There's also some housing in Edmond built before 1939 ( 1.72%).

Edmond Home Appreciation Rates

In the last 10 years, Edmond has experienced some of the highest home appreciation rates of any community in the nation. Edmond real estate appreciated 21.64% over the last ten years, which is an average annual home appreciation rate of 1.98%, putting Edmond in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Edmond 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, Edmond appreciation rates have trailed the rest of the nation. In the last twelve months, Edmond's appreciation rate has been 3.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Edmond were at 1.08%, which equates to an annual appreciation rate of 4.40%.

Relative to Oklahoma, our data show that Edmond's latest annual appreciation rate is lower than 80% 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:
$249,423

Edmond, OK HOME PRICES

Value Range
> $1,168,000 0.6
$876,001 - $1,168,000 1.3
$584,001 - $876,000 4.2
$467,001 - $584,000 4.3
$350,001 - $467,000 10.9
$234,001 - $350,000 20.6
$117,001 - $234,000 46.6
$58,001 - $117,000 7.9
$0 - $58,000 3.6

Very High for OK
High for Nation

Value Relative to Nation Value Relative to State
23.2769221760262 0.906344410876133

Number Of Homes And Apartments:
31,792

Rent & Ownership

 

Average Market Rent:
$1,337 / per month

Homeownership Rate

Homeownership
Owners 68.17
Renters 31.83
Vacant 5.77

Housing Market Details

 

Age of Homes

AGE OF Edmond HOMES
2000 or Newer 25.3
1970 - 1999 60.7
1940 - 1969 12.3
1939 or Older 1.7

Types of Homes

TYPE OF Edmond HOMES
Single-Family 76.6
Townhomes 3.3
Small Apt. Buildings 4.2
Apt. Complexes 13.5
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Edmond HOMES
No Bedroom 1.61
1 Bedroom 8.46
2 Bedrooms 14.65
3 Bedrooms 41.69
4 Bedrooms 30.52
5 or more bedrooms 3.08

Edmond Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
60.70% 2.83% 6 7
* 10 is highest