Anadarko, OK Real Estate Market
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 Q2 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
Anadarko, OK Housing Market Trends
With a population of 5,531, 1,821 total housing units (homes and apartments), and a median house value of $116,040, house prices in Anadarko are some of the most affordable in Oklahoma as well as the nation.
Single-family detached homes are the single most common housing type in Anadarko, accounting for 83.21% of the city's housing units. Other types of housing that are prevalent in Anadarko include duplexes, homes converted to apartments or other small apartment buildings ( 6.74%), large apartment complexes or high rise apartments ( 3.68%), and a few mobile homes or trailers ( 3.35%).
The most prevalent building size and type in Anadarko are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.11% owning and 42.89% 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. Anadarko's housing was primarily built during this period, from the '40s through the '60s. A full 41.11% of the city's housing hails from this era. Other housing ages represented in Anadarko include homes built between 1970-1999 ( 31.02%) and housing constructed before 1939 ( 18.96%). There's also some housing in Anadarko built between 2000 and later ( 8.92%).
Vacant housing appears to be an issue in Anadarko. Fully 23.78% of the housing stock is classified as vacant. Left unchecked, vacant Anadarko homes and apartments can be a drag on the real estate market, holding Anadarko 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.
Anadarko Home Appreciation Rates
Anadarko's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Anadarko during the period has been just 5.29%, which is lower than 70% of US communities.
Appreciation rates are so strong in Anadarko that despite a nationwide downturn in the housing market, Anadarko real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Anadarko appreciation rates continue to be some of the highest in America, at 8.75%, which is higher than appreciation rates in 78.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Anadarko. Anadarko appreciation rates in the latest quarter were at 3.30%, which equates to an annual appreciation rate of 13.85%.
Importantly, this makes Anadarko 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 Anadarko's latest annual appreciation rate is higher than 70% of the other cities and towns in Oklahoma.
Median Home Value
$116,040
Very Low
for Oklahoma
Very Low
for nation
Number of Homes And Apartments:
1,821
OK
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$1,018 / per month