Edmond, OK Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Edmond, OK Housing Market Trends

With 94,054 people, 34,050 houses or apartments, and a median cost of homes of $205,874, 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 75.26% of the city's housing units. Other types of housing that are prevalent in Edmond include large apartment complexes or high rise apartments ( 13.45%), duplexes, homes converted to apartments or other small apartment buildings ( 5.59%), and a few row houses and other attached homes ( 3.24%).

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 67.13% of Edmond's homes, and 71.45% 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 ( 30.64%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.94%). There's also some housing in Edmond built before 1939 ( 1.65%).

Edmond Home Appreciation Rates

Real estate appreciation rates in Edmond's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.98% during the period.

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 4.33%, 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 0.53%, which equates to an annual appreciation rate of 2.14%.

Notably, Edmond's appreciation rate in the latest quarter is one of the lowest in America.

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:
$205,874

Edmond, OK HOME PRICES

> $1,140,000
1.5%
1.5%
$855,001 - $1,140,000
2.1%
2.1%
$570,001 - $855,000
6.0%
6.0%
$456,001 - $570,000
5.1%
5.1%
$342,001 - $456,000
13.8%
13.8%
$228,001 - $342,000
22.9%
22.9%
$114,001 - $228,000
42.3%
42.3%
$57,001 - $114,000
3.6%
3.6%
$0 - $57,000
2.7%
2.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Very High for OK

Value Relative To Nation

Number Of Homes And Apartments:
34,050

Edmond Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
78.37% 2.76%
5
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,417 / per month

Homeownership Rate

Owners
67.1%
67.1%
Renters
32.9%
32.9%
Vacant
6.7%
6.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
30.6%
30.6%
1970 - 1999
57.8%
57.8%
1940 - 1969
9.9%
9.9%
1939 or Older
1.7%
1.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
75.3%
75.3%
Townhomes
3.2%
3.2%
Small Apt. Buildings
5.6%
5.6%
Apt. Complexes
13.4%
13.4%
Mobile Homes
2.3%
2.3%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.1%
2.1%
1 Bedroom
7.6%
7.6%
2 Bedrooms
15.3%
15.3%
3 Bedrooms
42.2%
42.2%
4 Bedrooms
29.3%
29.3%
5 or more bedrooms
3.6%
3.6%
0.0% 100.0%
% OF HOMES