Ponca City, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Ponca City Neighborhoods Since 2000




Ponca 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

Ponca City Housing Market Information

With 24,758 people, 9,932 houses or apartments, and a median cost of homes of $86,655, house prices in Ponca City are solidly below the national average.

Single-family detached homes are the single most common housing type in Ponca City, accounting for 82.19% of the city's housing units. Other types of housing that are prevalent in Ponca City include large apartment complexes or high rise apartments ( 8.82%), duplexes, homes converted to apartments or other small apartment buildings ( 4.94%), and a few mobile homes or trailers ( 2.41%).

The most prevalent building size and type in Ponca City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.50% owning and 37.50% 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. Ponca City's housing was primarily built during this period, from the '40s through the '60s. A full 50.17% of the city's housing hails from this era. Other housing ages represented in Ponca City include homes built between 1970-1999 ( 34.61%) and housing constructed before 1939 ( 12.56%). There's also some housing in Ponca City built between 2000 and later ( 2.66%).

Vacant housing appears to be an issue in Ponca City. Fully 15.57% of the housing stock is classified as vacant. Left unchecked, vacant Ponca City homes and apartments can be a drag on the real estate market, holding Ponca 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.

Ponca City Home Appreciation Rates

Appreciation rates for homes in Ponca City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.30%, which ranks in the top 40% nationwide. This equates to an annual average Ponca City house appreciation rate of 0.80%.

NeighborhoodScout's data show that during the latest twelve months, Ponca City's appreciation rate, at 5.50%, has been at or slightly above the national average. In the latest quarter, Ponca City's appreciation rate has been 2.06%, which annualizes to a rate of 8.51%.

Importantly, this makes Ponca City 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 Ponca City's latest annual appreciation rate is higher 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 Ponca City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ponca 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 Ponca City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$86,655

Ponca City, OK HOME PRICES

Value Range
> $1,175,000 0.0
$881,001 - $1,175,000 0.0
$587,001 - $881,000 0.4
$470,001 - $587,000 0.2
$352,001 - $470,000 1.9
$235,001 - $352,000 4.6
$117,001 - $235,000 23.6
$59,001 - $117,000 44.4
$0 - $59,000 24.9

Low for OK
Very Low for Nation

Value Relative to Nation Value Relative to State
86.3529825383804 67.0694864048338

Number Of Homes And Apartments:
9,932

Ponca 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
40.89% 2.01% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$806 / per month

Homeownership Rate

Homeownership
Owners 62.50
Renters 37.50
Vacant 15.57

Housing Market Details

 

Age of Homes

AGE OF Ponca City HOMES
2000 or Newer 2.7
1970 - 1999 34.6
1940 - 1969 50.2
1939 or Older 12.6

Types of Homes

TYPE OF Ponca City HOMES
Single-Family 82.2
Townhomes 1.6
Small Apt. Buildings 4.9
Apt. Complexes 8.8
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Ponca City HOMES
No Bedroom 2.96
1 Bedroom 7.57
2 Bedrooms 27.79
3 Bedrooms 47.83
4 Bedrooms 11.26
5 or more bedrooms 2.60