Enid, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Enid Neighborhoods Since 2000




Enid, 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

Enid Housing Market Information

With 51,776 people, 19,531 houses or apartments, and a median cost of homes of $110,994, house prices in Enid are solidly below the national average.

Single-family detached homes are the single most common housing type in Enid, accounting for 81.09% of the city's housing units. Other types of housing that are prevalent in Enid include large apartment complexes or high rise apartments ( 8.90%), duplexes, homes converted to apartments or other small apartment buildings ( 5.66%), and a few mobile homes or trailers ( 2.50%).

The most prevalent building size and type in Enid are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.26% owning and 39.74% renting.

There is a lot of housing in Enid 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 Enid built between 1940-1969 ( 39.91%). A lesser amount of the housing stock also hails from before 1939 ( 13.20%). There's also some housing in Enid built between 2000 and later ( 6.48%).

Vacant housing appears to be an issue in Enid. Fully 10.74% of the housing stock is classified as vacant. Left unchecked, vacant Enid homes and apartments can be a drag on the real estate market, holding Enid 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.

Enid Home Appreciation Rates

In the last 10 years, Enid has experienced some of the highest home appreciation rates of any community in the nation. Enid real estate appreciated 35.64% over the last ten years, which is an average annual home appreciation rate of 3.10%, putting Enid in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Enid 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, Enid appreciation rates have trailed the rest of the nation. In the last twelve months, Enid's appreciation rate has been 2.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Enid were at 2.06%, which equates to an annual appreciation rate of 8.51%.

Importantly, this makes Enid 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 Enid'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 Enid differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Enid - 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 Enid real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$110,994

Enid, OK HOME PRICES

Value Range
> $1,138,000 0.3
$854,001 - $1,138,000 0.2
$569,001 - $854,000 0.7
$455,001 - $569,000 0.7
$341,001 - $455,000 3.5
$228,001 - $341,000 7.2
$114,001 - $228,000 30.1
$57,001 - $114,000 32.1
$0 - $57,000 25.2

High for OK
Low for Nation

Value Relative to Nation Value Relative to State
70.7781553966952 34.7432024169184

Number Of Homes And Apartments:
19,531

Enid 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
82.34% 3.54% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$992 / per month

Homeownership Rate

Homeownership
Owners 60.26
Renters 39.74
Vacant 10.74

Housing Market Details

 

Age of Homes

AGE OF Enid HOMES
2000 or Newer 6.5
1970 - 1999 40.4
1940 - 1969 39.9
1939 or Older 13.2

Types of Homes

TYPE OF Enid HOMES
Single-Family 81.1
Townhomes 1.7
Small Apt. Buildings 5.7
Apt. Complexes 8.9
Mobile Homes 2.5
Other 0.1

Home Size

SIZE OF Enid HOMES
No Bedroom 1.21
1 Bedroom 7.50
2 Bedrooms 31.66
3 Bedrooms 48.72
4 Bedrooms 9.51
5 or more bedrooms 1.39