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 about Scout's Real Estate Data
With a population of 736, 259 total housing units (homes and apartments), and a median house value of $378,243, Adair real estate is some of the most expensive in Oklahoma, although Adair home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Adair, accounting for 87.87% of the town's housing units. Other types of housing that are prevalent in Adair include mobile homes or trailers ( 7.21%), duplexes, homes converted to apartments or other small apartment buildings ( 2.62%), and a few large apartment complexes or high rise apartments ( 1.31%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Adair. Owner-occupied housing accounts for 75.68% of Adair's homes, and 69.51% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Adair 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 Adair built between 1940-1969 ( 27.87%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.33%). There's also some housing in Adair built before 1939 ( 6.89%).
Vacant housing appears to be an issue in Adair. Fully 15.08% of the housing stock is classified as vacant. Left unchecked, vacant Adair homes and apartments can be a drag on the real estate market, holding Adair 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.
Appreciation rates for homes in Adair have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.62%, which ranks in the top 40% nationwide. This equates to an annual average Adair house appreciation rate of 7.10%.
Appreciation rates are so strong in Adair that despite a nationwide downturn in the housing market, Adair real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Adair appreciation rates continue to be some of the highest in America, at 11.52%, which is higher than appreciation rates in 92.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Adair. Adair appreciation rates in the latest quarter were at 3.30%, which equates to an annual appreciation rate of 13.85%.
Importantly, this makes Adair one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Oklahoma, our data show that Adair's latest annual appreciation rate is higher than 90% of the other cities and towns in Oklahoma.
$378,243
for Oklahoma
for nation
259
$1,472 / per month