Oklahoma City, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Oklahoma City Neighborhoods Since 2000




Oklahoma City, 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

Oklahoma City Housing Market Information

With 631,346 people, 232,254 houses or apartments, and a median cost of homes of $140,562, Oklahoma City real estate is some of the most expensive in Oklahoma, although Oklahoma City home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Oklahoma City, accounting for 67.08% of the city's housing units. Other types of housing that are prevalent in Oklahoma City include large apartment complexes or high rise apartments ( 20.00%), duplexes, homes converted to apartments or other small apartment buildings ( 6.36%), and a few row houses and other attached homes ( 3.31%).

The most prevalent building size and type in Oklahoma City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.00% owning and 43.00% renting.

There is a lot of housing in Oklahoma City 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 Oklahoma City built between 1940-1969 ( 31.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.58%). There's also some housing in Oklahoma City built before 1939 ( 9.12%).

Vacant housing appears to be an issue in Oklahoma City. Fully 11.18% of the housing stock is classified as vacant. Left unchecked, vacant Oklahoma City homes and apartments can be a drag on the real estate market, holding Oklahoma City 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.

Oklahoma City Home Appreciation Rates

In the last 10 years, Oklahoma City has experienced some of the highest home appreciation rates of any community in the nation. Oklahoma City real estate appreciated 16.38% over the last ten years, which is an average annual home appreciation rate of 1.53%, putting Oklahoma City in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Oklahoma City 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, Oklahoma City's appreciation rate, at 3.90%, has been at or slightly above the national average. In the latest quarter, Oklahoma City's appreciation rate has been 0.33%, which annualizes to a rate of 1.34%.

Relative to Oklahoma, our data show that Oklahoma City's latest annual appreciation rate is higher than 60% 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 Oklahoma City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Oklahoma City - 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 Oklahoma City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$140,562

Oklahoma City, OK HOME PRICES

Value Range
> $1,113,000 0.5
$834,001 - $1,113,000 0.4
$556,001 - $834,000 1.3
$445,001 - $556,000 1.8
$334,001 - $445,000 3.7
$222,001 - $334,000 11.7
$111,001 - $222,000 41.1
$56,001 - $111,000 27.2
$0 - $56,000 12.4

Very High for OK
Average for Nation

Value Relative to Nation Value Relative to State
54.4708777686628 12.9909365558912

Number Of Homes And Apartments:
232,254

Oklahoma City 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
59.00% 2.72% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$961 / per month

Homeownership Rate

Homeownership
Owners 57.00
Renters 43.00
Vacant 11.18

Housing Market Details

 

Age of Homes

AGE OF Oklahoma City HOMES
2000 or Newer 17.6
1970 - 1999 42.3
1940 - 1969 31.0
1939 or Older 9.1

Types of Homes

TYPE OF Oklahoma City HOMES
Single-Family 67.1
Townhomes 3.3
Small Apt. Buildings 6.4
Apt. Complexes 20.0
Mobile Homes 3.2
Other 0.0

Home Size

SIZE OF Oklahoma City HOMES
No Bedroom 2.08
1 Bedroom 13.03
2 Bedrooms 26.66
3 Bedrooms 43.92
4 Bedrooms 12.77
5 or more bedrooms 1.54