Enid, 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
Enid, OK Housing Market Trends
With a population of 50,499, 19,456 total housing units (homes and apartments), and a median house value of $171,440, house prices in Enid are solidly below the national average.
Single-family detached homes are the single most common housing type in Enid, accounting for 78.61% of the city's housing units. Other types of housing that are prevalent in Enid include large apartment complexes or high rise apartments ( 8.71%), duplexes, homes converted to apartments or other small apartment buildings ( 7.11%), and a few mobile homes or trailers ( 3.41%).
The most prevalent building size and type in Enid are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.69% owning and 41.31% renting.
There is a lot of housing in Enid 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 Enid built between 1940-1969 ( 37.30%). A lesser amount of the housing stock also hails from before 1939 ( 13.67%). There's also some housing in Enid built between 2000 and later ( 9.55%).
Vacant housing appears to be an issue in Enid. Fully 14.84% of the housing stock is classified as vacant. Left unchecked, vacant Enid homes and apartments can be a drag on the real estate market, holding Enid 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.
Enid Home Appreciation Rates
Some of the lowest real estate appreciation rates in America over the last ten years have been in Enid, where house values have increased just 34.04%, which is annualized rate of 2.97%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Enid appreciation rates have trailed the rest of the nation. In the last twelve months, Enid's appreciation rate has been -1.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Enid were at -3.63%, which equates to an annual appreciation rate of -13.76%.
Notably, Enid's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Oklahoma, our data show that Enid's latest annual appreciation rate is lower than 90% of the other cities and towns in Oklahoma.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Enid differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Enid - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Enid real estate investment or home purchase decisions.
Median Home Value
$171,440
Average
for Oklahoma
Low
for nation
Number of Homes And Apartments:
19,456
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:
$1,333 / per month