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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 3,692, 1,483 total housing units (homes and apartments), and a median house value of $89,029, house prices in Frederick are solidly below the national average.
Single-family detached homes are the single most common housing type in Frederick, accounting for 88.81% of the city's housing units. Other types of housing that are prevalent in Frederick include large apartment complexes or high rise apartments ( 5.94%), mobile homes or trailers ( 3.02%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.63%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Frederick. Owner-occupied housing accounts for 70.05% of Frederick's homes, and 57.80% have either three or four bedrooms, which is average sized relative to America.
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. Frederick's housing was primarily built during this period, from the '40s through the '60s. A full 49.43% of the city's housing hails from this era. Other housing ages represented in Frederick include homes built between 1970-1999 ( 31.20%) and housing constructed before 1939 ( 17.53%). There's also some housing in Frederick built between 2000 and later ( 1.83%).
Vacant housing appears to be an issue in Frederick. Fully 26.55% of the housing stock is classified as vacant. Left unchecked, vacant Frederick homes and apartments can be a drag on the real estate market, holding Frederick 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.
In the last 10 years, Frederick has experienced some of the highest home appreciation rates of any community in the nation. Frederick real estate appreciated 15.78% over the last ten years, which is an average annual home appreciation rate of 1.48%, putting Frederick in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Frederick 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, Frederick appreciation rates have trailed the rest of the nation. In the last twelve months, Frederick's appreciation rate has been 1.88%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Frederick were at 2.06%, which equates to an annual appreciation rate of 8.51%.
Importantly, this makes Frederick 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 Frederick's latest annual appreciation rate is lower than 80% of the other cities and towns in Oklahoma.
|$838,001 - $1,117,000||0.0|
|$559,001 - $838,000||0.0|
|$447,001 - $559,000||0.7|
|$335,001 - $447,000||0.7|
|$223,001 - $335,000||1.8|
|$112,001 - $223,000||15.8|
|$56,001 - $112,000||31.8|
|$0 - $56,000||49.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Frederick HOMES|
|2000 or Newer||1.8|
|1970 - 1999||31.2|
|1940 - 1969||49.4|
|1939 or Older||17.5|
|TYPE OF Frederick HOMES|
|Small Apt. Buildings||1.6|
|SIZE OF Frederick HOMES|
|5 or more bedrooms||0.79|