Madill, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Madill Neighborhoods Since 2000




Madill, 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

Madill Housing Market Information

With a population of 3,923, 1,388 total housing units (homes and apartments), and a median house value of $82,586, house prices in Madill are solidly below the national average.

Single-family detached homes are the single most common housing type in Madill, accounting for 81.02% of the city's housing units. Other types of housing that are prevalent in Madill include duplexes, homes converted to apartments or other small apartment buildings ( 11.41%), mobile homes or trailers ( 3.85%), and a few large apartment complexes or high rise apartments ( 2.23%).

The most prevalent building size and type in Madill are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.76% owning and 37.24% renting.

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. Madill's housing was primarily built during this period, from the '40s through the '60s. A full 46.59% of the city's housing hails from this era. Other housing ages represented in Madill include homes built between 1970-1999 ( 35.61%) and housing constructed before 1939 ( 13.03%). There's also some housing in Madill built between 2000 and later ( 4.78%).

Vacant housing appears to be an issue in Madill. Fully 13.90% of the housing stock is classified as vacant. Left unchecked, vacant Madill homes and apartments can be a drag on the real estate market, holding Madill 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.

Madill Home Appreciation Rates

In the last 10 years, Madill has experienced some of the highest home appreciation rates of any community in the nation. Madill real estate appreciated 27.02% over the last ten years, which is an average annual home appreciation rate of 2.42%, putting Madill in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Madill definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Madill's appreciation rate, at 3.72%, has been at or slightly above the national average. In the latest quarter, Madill's appreciation rate has been 2.06%, which annualizes to a rate of 8.51%.

Importantly, this makes Madill 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 Madill's latest annual appreciation rate is higher than 50% of the other cities and towns in Oklahoma.

Average Home Values

 

Median Home Value:
$82,586

Madill, OK HOME PRICES

Value Range
> $1,106,000 0.6
$829,001 - $1,106,000 0.0
$553,001 - $829,000 0.1
$443,001 - $553,000 0.0
$332,001 - $443,000 0.0
$221,001 - $332,000 3.2
$111,001 - $221,000 24.0
$55,001 - $111,000 49.1
$0 - $55,000 23.0

Low for OK
Very Low for Nation

Value Relative to Nation Value Relative to State
88.8315949841791 73.7160120845921

Number Of Homes And Apartments:
1,388

Madill 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
63.96% 2.91% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$752 / per month

Homeownership Rate

Homeownership
Owners 62.76
Renters 37.24
Vacant 13.90

Housing Market Details

 

Age of Homes

AGE OF Madill HOMES
2000 or Newer 4.8
1970 - 1999 35.6
1940 - 1969 46.6
1939 or Older 13.0

Types of Homes

TYPE OF Madill HOMES
Single-Family 81.0
Townhomes 0.6
Small Apt. Buildings 11.4
Apt. Complexes 2.2
Mobile Homes 3.8
Other 0.9

Home Size

SIZE OF Madill HOMES
No Bedroom 3.41
1 Bedroom 6.45
2 Bedrooms 33.87
3 Bedrooms 46.15
4 Bedrooms 7.82
5 or more bedrooms 2.30

Popular Neighborhoods in Madill

Zip Codes in Madill, OK