Warr Acres, OK Real Estate Market

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 Q3 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Warr Acres, OK Housing Market Trends

With 10,452 people, 3,656 houses or apartments, and a median cost of homes of $147,963, 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 72.69% of the city's housing units. Other types of housing that are prevalent in Warr Acres include large apartment complexes or high rise apartments ( 18.49%), duplexes, homes converted to apartments or other small apartment buildings ( 6.97%), and a few row houses and other attached homes ( 1.84%).

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 62.83% owning and 37.17% 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 60.66% of the city's housing hails from this era. Other housing ages represented in Warr Acres include homes built between 1970-1999 ( 31.85%) and housing constructed between 2000 and later ( 5.30%). There's also some housing in Warr Acres built before 1939 ( 2.19%).

Vacant housing appears to be an issue in Warr Acres. Fully 10.22% 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

Real estate appreciation rates in Warr Acres's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 4.06% during the period.

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 11.02%, 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 5.17%, which equates to an annual appreciation rate of 22.35%.

Relative to Oklahoma, our data show that Warr Acres's latest annual appreciation rate is lower than 70% of the other cities and towns in Oklahoma.

Average Home Values

 

Median Home Value:
$147,963

Warr Acres, OK HOME PRICES

> $1,293,000
0.6%
0.6%
$969,001 - $1,293,000
0.0%
0.0%
$646,001 - $969,000
0.3%
0.3%
$517,001 - $646,000
0.0%
0.0%
$388,001 - $517,000
1.2%
1.2%
$258,001 - $388,000
6.1%
6.1%
$129,001 - $258,000
58.1%
58.1%
$65,001 - $129,000
31.8%
31.8%
$0 - $65,000
1.9%
1.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

High for OK

Value Relative To Nation

Number Of Homes And Apartments:
3,656

Warr Acres Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2021 Q2 - 2021 Q3
Last 12 Months:
2020 Q3 - 2021 Q3
Last 2 Years:
2019 Q3 - 2021 Q3
Last 5 Years:
2016 Q3 - 2021 Q3
Last 10 Years:
2011 Q3 - 2021 Q3
Since 2000:
2000 Q1 - 2021 Q3
95.67% 3.13%
5
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,141 / per month

Homeownership Rate

Owners
62.8%
62.8%
Renters
37.2%
37.2%
Vacant
10.2%
10.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
5.3%
5.3%
1970 - 1999
31.9%
31.9%
1940 - 1969
60.7%
60.7%
1939 or Older
2.2%
2.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
72.7%
72.7%
Townhomes
1.8%
1.8%
Small Apt. Buildings
7.0%
7.0%
Apt. Complexes
18.5%
18.5%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
10.1%
10.1%
2 Bedrooms
26.4%
26.4%
3 Bedrooms
50.0%
50.0%
4 Bedrooms
12.5%
12.5%
5 or more bedrooms
0.4%
0.4%
0.0% 100.0%
% OF HOMES