Seminole, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Seminole Neighborhoods Since 2000




Seminole, 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

Seminole Housing Market Information

With 7,522 people, 2,667 houses or apartments, and a median cost of homes of $83,504, house prices in Seminole are solidly below the national average.

Single-family detached homes are the single most common housing type in Seminole, accounting for 81.31% of the city's housing units. Other types of housing that are prevalent in Seminole include large apartment complexes or high rise apartments ( 7.13%), duplexes, homes converted to apartments or other small apartment buildings ( 6.72%), and a few mobile homes or trailers ( 3.79%).

The most prevalent building size and type in Seminole are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.70% owning and 41.30% 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. Seminole's housing was primarily built during this period, from the '40s through the '60s. A full 37.29% of the city's housing hails from this era. Other housing ages represented in Seminole include homes built between 1970-1999 ( 36.30%) and housing constructed before 1939 ( 16.93%). There's also some housing in Seminole built between 2000 and later ( 9.47%).

Vacant housing appears to be an issue in Seminole. Fully 17.74% of the housing stock is classified as vacant. Left unchecked, vacant Seminole homes and apartments can be a drag on the real estate market, holding Seminole 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.

Seminole Home Appreciation Rates

Appreciation rates for homes in Seminole have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.92%, which ranks in the top 30% nationwide. This equates to an annual average Seminole house appreciation rate of 0.95%.

Over the last year, Seminole appreciation rates have trailed the rest of the nation. In the last twelve months, Seminole's appreciation rate has been 1.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Seminole were at 2.06%, which equates to an annual appreciation rate of 8.51%.

Importantly, this makes Seminole 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 Seminole's latest annual appreciation rate is lower than 80% of the other cities and towns in Oklahoma.

Average Home Values

 

Median Home Value:
$83,504

Seminole, OK HOME PRICES

Value Range
> $1,068,000 0.4
$801,001 - $1,068,000 0.0
$534,001 - $801,000 0.0
$427,001 - $534,000 0.3
$320,001 - $427,000 0.5
$214,001 - $320,000 4.8
$107,001 - $214,000 21.4
$53,001 - $107,000 33.4
$0 - $53,000 39.1

Low for OK
Very Low for Nation

Value Relative to Nation Value Relative to State
88.2837220203914 72.5075528700906

Number Of Homes And Apartments:
2,667

Seminole 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
51.47% 2.44% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$796 / per month

Homeownership Rate

Homeownership
Owners 58.70
Renters 41.30
Vacant 17.74

Housing Market Details

 

Age of Homes

AGE OF Seminole HOMES
2000 or Newer 9.5
1970 - 1999 36.3
1940 - 1969 37.3
1939 or Older 16.9

Types of Homes

TYPE OF Seminole HOMES
Single-Family 81.3
Townhomes 1.0
Small Apt. Buildings 6.7
Apt. Complexes 7.1
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Seminole HOMES
No Bedroom 3.67
1 Bedroom 6.51
2 Bedrooms 35.19
3 Bedrooms 45.81
4 Bedrooms 7.71
5 or more bedrooms 1.11

Zip Codes in Seminole, OK