Seminole, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Seminole Neighborhoods Since 2000




Seminole, OK Real Estate Data


Seminole Housing Market Information

With a population of 7,522, 2,760 total housing units (homes and apartments), and a median house value of $82,441, 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 80.24% of the city's housing units. Other types of housing that are prevalent in Seminole include large apartment complexes or high rise apartments ( 7.25%), duplexes, homes converted to apartments or other small apartment buildings ( 6.63%), and a few mobile homes or trailers ( 4.53%).

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 63.38% owning and 36.62% 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 37.74% of the city's housing hails from this era. Other housing ages represented in Seminole include homes built between 1970-1999 ( 35.43%) and housing constructed before 1939 ( 17.83%). There's also some housing in Seminole built between 2000 and later ( 8.99%).

Vacant housing appears to be an issue in Seminole. Fully 18.37% 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

In the last 10 years, Seminole has experienced some of the highest home appreciation rates of any community in the nation. Seminole real estate appreciated 24.75% over the last ten years, which is an average annual home appreciation rate of 2.24%, putting Seminole in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Seminole 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 Seminole that despite a nationwide downturn in the housing market, Seminole real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Seminole appreciation rates continue to be some of the highest in America, at 7.39%, which is higher than appreciation rates in 87.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Seminole. Seminole appreciation rates in the latest quarter were at 1.16%, which equates to an annual appreciation rate of 4.72%.

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

Average Home Values

 

Median Home Value:
$82,441

Seminole, OK HOME PRICES

Value Range
> $1,154,000 0.6
$866,001 - $1,154,000 0.0
$578,001 - $866,000 0.0
$462,001 - $578,000 0.3
$346,001 - $462,000 0.3
$231,001 - $346,000 2.3
$116,001 - $231,000 22.9
$58,001 - $116,000 36.8
$0 - $58,000 36.8

Low for OK
Very Low for Nation

Value Relative to Nation Value Relative to State
89.8869824910699 77.6435045317221

Number Of Homes And Apartments:
2,760

Rent & Ownership

 

Average Market Rent:
$871 / per month

Homeownership Rate

Homeownership
Owners 63.38
Renters 36.62
Vacant 18.37

Housing Market Details

 

Age of Homes

AGE OF Seminole HOMES
2000 or Newer 9.0
1970 - 1999 35.4
1940 - 1969 37.7
1939 or Older 17.8

Types of Homes

TYPE OF Seminole HOMES
Single-Family 80.2
Townhomes 1.4
Small Apt. Buildings 6.6
Apt. Complexes 7.2
Mobile Homes 4.5
Other 0.0

Home Size

SIZE OF Seminole HOMES
No Bedroom 3.82
1 Bedroom 6.42
2 Bedrooms 34.37
3 Bedrooms 47.47
4 Bedrooms 6.60
5 or more bedrooms 1.33

Seminole Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
63.16% 2.92% 6 8
* 10 is highest

Zip Codes in Seminole, OK