Woodward, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Woodward, 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

Woodward Housing Market Information

With 12,993 people, 4,559 houses or apartments, and a median cost of homes of $119,718, house prices in Woodward are solidly below the national average.

Single-family detached homes are the single most common housing type in Woodward, accounting for 70.51% of the city's housing units. Other types of housing that are prevalent in Woodward include large apartment complexes or high rise apartments ( 15.67%), mobile homes or trailers ( 8.67%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.12%).

The most prevalent building size and type in Woodward are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.39% owning and 38.61% renting.

There is a lot of housing in Woodward 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 Woodward built between 1940-1969 ( 33.65%). A lesser amount of the housing stock also hails from before 1939 ( 8.89%). There's also some housing in Woodward built between 2000 and later ( 5.40%).

Vacant housing appears to be an issue in Woodward. Fully 15.76% of the housing stock is classified as vacant. Left unchecked, vacant Woodward homes and apartments can be a drag on the real estate market, holding Woodward 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.

Woodward Home Appreciation Rates

In the last 10 years, Woodward has experienced some of the highest home appreciation rates of any community in the nation. Woodward real estate appreciated 30.25% over the last ten years, which is an average annual home appreciation rate of 2.68%, putting Woodward in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Woodward 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, Woodward appreciation rates have trailed the rest of the nation. In the last twelve months, Woodward's appreciation rate has been 0.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Woodward were at 2.06%, which equates to an annual appreciation rate of 8.51%.

Importantly, this makes Woodward 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 Woodward's latest annual appreciation rate is lower than 90% of the other cities and towns in Oklahoma.

Average Home Values

 

Median Home Value:
$119,718

Woodward, OK HOME PRICES

Value Range
> $1,095,000 0.0
$821,001 - $1,095,000 0.0
$547,001 - $821,000 1.3
$438,001 - $547,000 1.5
$329,001 - $438,000 1.9
$219,001 - $329,000 10.3
$109,001 - $219,000 42.6
$55,001 - $109,000 28.3
$0 - $55,000 14.1

High for OK
Low for Nation

Value Relative to Nation Value Relative to State
65.5103714988867 28.3987915407855

Number Of Homes And Apartments:
4,559

Woodward 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
102.97% 4.19% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$856 / per month

Homeownership Rate

Homeownership
Owners 61.39
Renters 38.61
Vacant 15.76

Housing Market Details

 

Age of Homes

AGE OF Woodward HOMES
2000 or Newer 5.4
1970 - 1999 52.1
1940 - 1969 33.6
1939 or Older 8.9

Types of Homes

TYPE OF Woodward HOMES
Single-Family 70.5
Townhomes 0.7
Small Apt. Buildings 3.1
Apt. Complexes 15.7
Mobile Homes 8.7
Other 1.3

Home Size

SIZE OF Woodward HOMES
No Bedroom 4.77
1 Bedroom 9.07
2 Bedrooms 26.27
3 Bedrooms 48.91
4 Bedrooms 9.87
5 or more bedrooms 1.11

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Zip Codes in Woodward, OK