Shawnee, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (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 31,232, 1,609 total housing units (homes and apartments), and a median house value of $104,560, the cost of homes in Shawnee is among some of the lowest in the nation. Compared to Oklahoma, however, Shawnee real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Shawnee, accounting for 80.16% of the city's housing units. Other types of housing that are prevalent in Shawnee include large apartment complexes or high rise apartments ( 7.24%), duplexes, homes converted to apartments or other small apartment buildings ( 5.93%), and a few mobile homes or trailers ( 5.36%).

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 58.37% owning and 41.63% 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 ( 27.70%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.99%). There's also some housing in Shawnee built before 1939 ( 12.38%).

Vacant housing appears to be an issue in Shawnee. Fully 11.89% 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 15.63%, which ranks in the top 50% nationwide. This equates to an annual average Shawnee house appreciation rate of 1.46%.

Appreciation rates are so strong in Shawnee that despite a nationwide downturn in the housing market, Shawnee real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Shawnee appreciation rates continue to be some of the highest in America, at 8.09%, which is higher than appreciation rates in 82.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Shawnee. Shawnee appreciation rates in the latest quarter were at 2.26%, which equates to an annual appreciation rate of 9.36%.

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 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 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:
$104,560

Shawnee, OK HOME PRICES

Value Range
> $1,128,000 0.3
$846,001 - $1,128,000 0.0
$564,001 - $846,000 0.7
$452,001 - $564,000 1.2
$339,001 - $452,000 3.1
$226,001 - $339,000 7.5
$113,001 - $226,000 33.1
$56,001 - $113,000 37.7
$0 - $56,000 16.5

Average for OK
Very Low for Nation

Value Relative to Nation Value Relative to State
80.2569343065693 52.2658610271903

Number Of Homes And Apartments:
1,609

Shawnee Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
56.35% 2.35%
3
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$873 / per month

Homeownership Rate

Homeownership
Owners 58.37
Renters 41.63
Vacant 11.89

Housing Market Details

 

Age of Homes

AGE OF Shawnee HOMES
2000 or Newer 17.0
1970 - 1999 42.9
1940 - 1969 27.7
1939 or Older 12.4

Types of Homes

TYPE OF Shawnee HOMES
Single-Family 80.2
Townhomes 1.3
Small Apt. Buildings 5.9
Apt. Complexes 7.2
Mobile Homes 5.4
Other 0.0

Home Size

SIZE OF Shawnee HOMES
No Bedroom 1.24
1 Bedroom 8.15
2 Bedrooms 27.67
3 Bedrooms 50.80
4 Bedrooms 10.57
5 or more bedrooms 1.57