Shawnee, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Shawnee Neighborhoods Since 2000




Shawnee, 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

Shawnee Housing Market Information

With a population of 31,286, 11,859 total housing units (homes and apartments), and a median house value of $98,307, house prices in Shawnee are solidly below the national average.

Single-family detached homes are the single most common housing type in Shawnee, accounting for 78.54% of the city's housing units. Other types of housing that are prevalent in Shawnee include large apartment complexes or high rise apartments ( 9.76%), duplexes, homes converted to apartments or other small apartment buildings ( 7.08%), and a few mobile homes or trailers ( 2.75%).

The most prevalent building size and type in Shawnee are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.35% owning and 46.65% renting.

There is a lot of housing in Shawnee 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 Shawnee built between 1940-1969 ( 34.95%). A lesser amount of the housing stock also hails from before 1939 ( 12.87%). There's also some housing in Shawnee built between 2000 and later ( 12.55%).

Vacant housing appears to be an issue in Shawnee. Fully 12.44% of the housing stock is classified as vacant. Left unchecked, vacant Shawnee homes and apartments can be a drag on the real estate market, holding Shawnee 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.

Shawnee Home Appreciation Rates

Appreciation rates for homes in Shawnee have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.23%, which ranks in the top 30% nationwide. This equates to an annual average Shawnee house appreciation rate of 1.16%.

NeighborhoodScout's data show that during the latest twelve months, Shawnee's appreciation rate, at 3.86%, has been at or slightly above the national average. In the latest quarter, Shawnee's appreciation rate has been 2.06%, which annualizes to a rate of 8.51%.

Importantly, this makes Shawnee 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 Shawnee's latest annual appreciation rate is higher than 60% 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 Shawnee differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Shawnee - 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 Shawnee real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$98,307

Shawnee, OK HOME PRICES

Value Range
> $1,109,000 0.2
$831,001 - $1,109,000 0.0
$555,001 - $831,000 0.5
$443,001 - $555,000 0.5
$332,001 - $443,000 1.4
$222,001 - $332,000 6.8
$111,001 - $222,000 27.9
$56,001 - $111,000 42.0
$0 - $56,000 20.6

Average for OK
Low for Nation

Value Relative to Nation Value Relative to State
78.6886206492441 48.3383685800604

Number Of Homes And Apartments:
11,859

Shawnee 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
43.38% 2.11% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$870 / per month

Homeownership Rate

Homeownership
Owners 53.35
Renters 46.65
Vacant 12.44

Housing Market Details

 

Age of Homes

AGE OF Shawnee HOMES
2000 or Newer 12.6
1970 - 1999 39.6
1940 - 1969 34.9
1939 or Older 12.9

Types of Homes

TYPE OF Shawnee HOMES
Single-Family 78.5
Townhomes 1.9
Small Apt. Buildings 7.1
Apt. Complexes 9.8
Mobile Homes 2.8
Other 0.0

Home Size

SIZE OF Shawnee HOMES
No Bedroom 1.34
1 Bedroom 10.17
2 Bedrooms 29.16
3 Bedrooms 48.69
4 Bedrooms 9.28
5 or more bedrooms 1.36