Pawnee, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pawnee, 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

Pawnee Housing Market Information

With 2,160 people, 907 houses or apartments, and a median cost of homes of $78,572, house prices in Pawnee are some of the most affordable in Oklahoma as well as the nation.

Single-family detached homes are the single most common housing type in Pawnee, accounting for 82.41% of the city's housing units. Other types of housing that are prevalent in Pawnee include mobile homes or trailers ( 8.23%), duplexes, homes converted to apartments or other small apartment buildings ( 7.54%), and a few large apartment complexes or high rise apartments ( 1.47%).

The most prevalent building size and type in Pawnee are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.34% owning and 45.66% renting.

There is a lot of housing in Pawnee 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 Pawnee built between 1940-1969 ( 34.49%). A lesser amount of the housing stock also hails from before 1939 ( 22.36%). There's also some housing in Pawnee built between 2000 and later ( 6.15%).

Vacant housing appears to be an issue in Pawnee. Fully 21.40% of the housing stock is classified as vacant. Left unchecked, vacant Pawnee homes and apartments can be a drag on the real estate market, holding Pawnee 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.

Pawnee Home Appreciation Rates

In the last 10 years, Pawnee has experienced some of the highest home appreciation rates of any community in the nation. Pawnee real estate appreciated 31.87% over the last ten years, which is an average annual home appreciation rate of 2.81%, putting Pawnee in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pawnee definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Pawnee that despite a nationwide downturn in the housing market, Pawnee real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pawnee appreciation rates continue to be some of the highest in America, at 6.48%, which is higher than appreciation rates in 77.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pawnee. Pawnee appreciation rates in the latest quarter were at 0.95%, which equates to an annual appreciation rate of 3.85%.

Relative to Oklahoma, our data show that Pawnee's latest annual appreciation rate is higher than 90% of the other cities and towns in Oklahoma.

Average Home Values

 

Median Home Value:
$78,572

Pawnee, OK HOME PRICES

Value Range
> $1,138,000 0.0
$854,001 - $1,138,000 0.0
$569,001 - $854,000 1.1
$455,001 - $569,000 0.6
$342,001 - $455,000 0.0
$227,001 - $342,000 10.6
$114,001 - $227,000 17.8
$57,001 - $114,000 44.7
$0 - $57,000 25.2

Very Low for OK
Very Low for Nation

Value Relative to Nation Value Relative to State
91.3863822805578 81.570996978852

Number Of Homes And Apartments:
907

Pawnee 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
64.85% 2.94% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$763 / per month

Homeownership Rate

Homeownership
Owners 54.34
Renters 45.66
Vacant 21.40

Housing Market Details

 

Age of Homes

AGE OF Pawnee HOMES
2000 or Newer 6.2
1970 - 1999 37.0
1940 - 1969 34.5
1939 or Older 22.4

Types of Homes

TYPE OF Pawnee HOMES
Single-Family 82.4
Townhomes 0.3
Small Apt. Buildings 7.5
Apt. Complexes 1.5
Mobile Homes 8.2
Other 0.0

Home Size

SIZE OF Pawnee HOMES
No Bedroom 2.25
1 Bedroom 6.33
2 Bedrooms 33.71
3 Bedrooms 47.14
4 Bedrooms 8.84
5 or more bedrooms 1.73

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Zip Codes in Pawnee, OK