Watonga, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Watonga, OK Real Estate Data


Watonga Housing Market Information

With a population of 3,008, 1,076 total housing units (homes and apartments), and a median house value of $82,638, house prices in Watonga are solidly below the national average.

Single-family detached homes are the single most common housing type in Watonga, accounting for 81.19% of the city's housing units. Other types of housing that are prevalent in Watonga include duplexes, homes converted to apartments or other small apartment buildings ( 7.17%), mobile homes or trailers ( 6.66%), and a few large apartment complexes or high rise apartments ( 2.71%).

The most prevalent building size and type in Watonga are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 39.61% owning and 60.39% renting.

There is a lot of housing in Watonga 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 Watonga built between 1940-1969 ( 36.16%). A lesser amount of the housing stock also hails from before 1939 ( 15.45%). There's also some housing in Watonga built between 2000 and later ( 2.64%).

Vacant housing appears to be an issue in Watonga. Fully 21.23% of the housing stock is classified as vacant. Left unchecked, vacant Watonga homes and apartments can be a drag on the real estate market, holding Watonga 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.

Watonga Home Appreciation Rates

In the last 10 years, Watonga has experienced some of the highest home appreciation rates of any community in the nation. Watonga real estate appreciated 24.48% over the last ten years, which is an average annual home appreciation rate of 2.21%, putting Watonga in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Watonga definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Watonga appreciation rates have trailed the rest of the nation. In the last twelve months, Watonga's appreciation rate has been 1.82%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Watonga were at -0.47%, which equates to an annual appreciation rate of -1.86%.

Notably, Watonga's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Oklahoma, our data show that Watonga's latest annual appreciation rate is higher than 50% of the other cities and towns in Oklahoma.

Average Home Values

 

Median Home Value:
$82,638

Watonga, OK HOME PRICES

Value Range
> $1,077,000 0.0
$808,001 - $1,077,000 0.0
$539,001 - $808,000 0.0
$431,001 - $539,000 0.0
$323,001 - $431,000 1.6
$215,001 - $323,000 2.6
$108,001 - $215,000 25.7
$54,001 - $108,000 34.5
$0 - $54,000 35.6

Low for OK
Very Low for Nation

Value Relative to Nation Value Relative to State
88.6089300363296 70.392749244713

Number Of Homes And Apartments:
1,076

Rent & Ownership

 

Average Market Rent:
$676 / per month

Homeownership Rate

Homeownership
Owners 39.61
Renters 60.39
Vacant 21.23

Housing Market Details

 

Age of Homes

AGE OF Watonga HOMES
2000 or Newer 2.6
1970 - 1999 45.8
1940 - 1969 36.2
1939 or Older 15.4

Types of Homes

TYPE OF Watonga HOMES
Single-Family 81.2
Townhomes 2.3
Small Apt. Buildings 7.2
Apt. Complexes 2.7
Mobile Homes 6.7
Other 0.0

Home Size

SIZE OF Watonga HOMES
No Bedroom 2.93
1 Bedroom 9.15
2 Bedrooms 28.04
3 Bedrooms 50.07
4 Bedrooms 9.00
5 or more bedrooms 0.81

Watonga Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
64.06% 2.91% 7 8
* 10 is highest

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