Roland, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Roland, 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

Roland Housing Market Information

With 3,529 people, 1,256 houses or apartments, and a median cost of homes of $99,836, house prices in Roland are solidly below the national average.

Single-family detached homes are the single most common housing type in Roland, accounting for 67.31% of the town's housing units. Other types of housing that are prevalent in Roland include large apartment complexes or high rise apartments ( 15.28%), duplexes, homes converted to apartments or other small apartment buildings ( 12.08%), and a few mobile homes or trailers ( 3.91%).

The most prevalent building size and type in Roland are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 46.90% owning and 53.10% renting.

There is a lot of housing in Roland 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 Roland built between 1940-1969 ( 18.34%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.35%). There's also some housing in Roland built before 1939 ( 1.56%).

Vacant housing appears to be an issue in Roland. Fully 10.73% of the housing stock is classified as vacant. Left unchecked, vacant Roland homes and apartments can be a drag on the real estate market, holding Roland 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.

Roland Home Appreciation Rates

Appreciation rates for homes in Roland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.82%, which ranks in the top 30% nationwide. This equates to an annual average Roland house appreciation rate of 1.03%.

Appreciation rates are so strong in Roland that despite a nationwide downturn in the housing market, Roland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Roland appreciation rates continue to be some of the highest in America, at 8.51%, which is higher than appreciation rates in 88.99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Roland. Roland appreciation rates in the latest quarter were at 4.53%, which equates to an annual appreciation rate of 19.40%.

Importantly, this makes Roland one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$99,836

Roland, OK HOME PRICES

Value Range
> $1,086,000 0.0
$815,001 - $1,086,000 0.0
$543,001 - $815,000 0.8
$435,001 - $543,000 2.0
$326,001 - $435,000 1.6
$217,001 - $326,000 5.0
$109,001 - $217,000 31.1
$54,001 - $109,000 46.1
$0 - $54,000 13.4

Average for OK
Low for Nation

Value Relative to Nation Value Relative to State
77.639751552795 45.619335347432

Number Of Homes And Apartments:
1,256

Roland 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
40.70% 2.00% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$819 / per month

Homeownership Rate

Homeownership
Owners 46.90
Renters 53.10
Vacant 10.73

Housing Market Details

 

Age of Homes

AGE OF Roland HOMES
2000 or Newer 15.4
1970 - 1999 64.7
1940 - 1969 18.3
1939 or Older 1.6

Types of Homes

TYPE OF Roland HOMES
Single-Family 67.3
Townhomes 1.4
Small Apt. Buildings 12.1
Apt. Complexes 15.3
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF Roland HOMES
No Bedroom 2.70
1 Bedroom 9.17
2 Bedrooms 24.59
3 Bedrooms 59.70
4 Bedrooms 3.06
5 or more bedrooms 0.78

Popular Neighborhoods in Roland

Zip Codes in Roland, OK