Warr Acres, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Warr Acres Neighborhoods Since 2000




Warr Acres, 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

Warr Acres Housing Market Information

With 10,431 people, 3,822 houses or apartments, and a median cost of homes of $102,260, house prices in Warr Acres are solidly below the national average.

Single-family detached homes are the single most common housing type in Warr Acres, accounting for 72.16% of the city's housing units. Other types of housing that are prevalent in Warr Acres include large apartment complexes or high rise apartments ( 19.37%), duplexes, homes converted to apartments or other small apartment buildings ( 6.16%), and a few row houses and other attached homes ( 2.31%).

The most prevalent building size and type in Warr Acres are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.33% owning and 36.67% 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. Warr Acres's housing was primarily built during this period, from the '40s through the '60s. A full 59.74% of the city's housing hails from this era. Other housing ages represented in Warr Acres include homes built between 1970-1999 ( 36.17%) and housing constructed between 2000 and later ( 2.43%). There's also some housing in Warr Acres built before 1939 ( 1.66%).

Vacant housing appears to be an issue in Warr Acres. Fully 10.81% of the housing stock is classified as vacant. Left unchecked, vacant Warr Acres homes and apartments can be a drag on the real estate market, holding Warr Acres 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.

Warr Acres Home Appreciation Rates

Appreciation rates for homes in Warr Acres have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.73%, which ranks in the top 40% nationwide. This equates to an annual average Warr Acres house appreciation rate of 0.84%.

Over the last year, Warr Acres appreciation rates have trailed the rest of the nation. In the last twelve months, Warr Acres's appreciation rate has been 2.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Warr Acres were at 0.33%, which equates to an annual appreciation rate of 1.34%.

Relative to Oklahoma, our data show that Warr Acres's latest annual appreciation rate is lower than 60% of the other cities and towns in Oklahoma.

Average Home Values

 

Median Home Value:
$102,260

Warr Acres, OK HOME PRICES

Value Range
> $1,099,000 0.1
$824,001 - $1,099,000 0.1
$549,001 - $824,000 0.0
$440,001 - $549,000 0.1
$330,001 - $440,000 0.7
$220,001 - $330,000 4.9
$110,001 - $220,000 49.7
$55,001 - $110,000 39.3
$0 - $55,000 5.0

Average for OK
Low for Nation

Value Relative to Nation Value Relative to State
76.1631313723192 42.9003021148036

Number Of Homes And Apartments:
3,822

Warr Acres 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
45.51% 2.20% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$911 / per month

Homeownership Rate

Homeownership
Owners 63.33
Renters 36.67
Vacant 10.81

Housing Market Details

 

Age of Homes

AGE OF Warr Acres HOMES
2000 or Newer 2.4
1970 - 1999 36.2
1940 - 1969 59.7
1939 or Older 1.7

Types of Homes

TYPE OF Warr Acres HOMES
Single-Family 72.2
Townhomes 2.3
Small Apt. Buildings 6.2
Apt. Complexes 19.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Warr Acres HOMES
No Bedroom 0.98
1 Bedroom 7.89
2 Bedrooms 26.93
3 Bedrooms 50.46
4 Bedrooms 12.04
5 or more bedrooms 1.70