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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 12,126 people, 4,250 houses or apartments, and a median cost of homes of $159,236, Weatherford real estate is some of the most expensive in Oklahoma, although Weatherford home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Weatherford, accounting for 54.59% of the city's housing units. Other types of housing that are prevalent in Weatherford include large apartment complexes or high rise apartments ( 19.17%), mobile homes or trailers ( 13.77%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.46%).
The most prevalent building size and type in Weatherford are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 40.32% owning and 59.68% renting.
There is a lot of housing in Weatherford 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 Weatherford built between 1940-1969 ( 22.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.03%). There's also some housing in Weatherford built before 1939 ( 5.53%).
Vacant housing appears to be an issue in Weatherford. Fully 12.28% of the housing stock is classified as vacant. Left unchecked, vacant Weatherford homes and apartments can be a drag on the real estate market, holding Weatherford 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.
In the last 10 years, Weatherford has experienced some of the highest home appreciation rates of any community in the nation. Weatherford real estate appreciated 30.25% over the last ten years, which is an average annual home appreciation rate of 2.68%, putting Weatherford in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Weatherford 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, Weatherford appreciation rates have trailed the rest of the nation. In the last twelve months, Weatherford's appreciation rate has been 0.51%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Weatherford were at 2.06%, which equates to an annual appreciation rate of 8.51%.
Importantly, this makes Weatherford 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 Weatherford's latest annual appreciation rate is lower than 90% of the other cities and towns in Oklahoma.
|$812,001 - $1,083,000||0.1|
|$542,001 - $812,000||3.8|
|$433,001 - $542,000||0.2|
|$325,001 - $433,000||4.7|
|$217,001 - $325,000||7.5|
|$108,001 - $217,000||52.2|
|$54,001 - $108,000||18.6|
|$0 - $54,000||12.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Weatherford HOMES|
|2000 or Newer||15.0|
|1970 - 1999||56.8|
|1940 - 1969||22.6|
|1939 or Older||5.5|
|TYPE OF Weatherford HOMES|
|Small Apt. Buildings||10.5|
|SIZE OF Weatherford HOMES|
|5 or more bedrooms||0.87|