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 96,286, 35,985 total housing units (homes and apartments), and a median house value of $426,081, Edmond real estate is some of the most expensive in Oklahoma, although Edmond home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Edmond, accounting for 77.86% of the city's housing units. Other types of housing that are prevalent in Edmond include large apartment complexes or high rise apartments ( 10.79%), duplexes, homes converted to apartments or other small apartment buildings ( 5.34%), and a few row houses and other attached homes ( 3.69%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Edmond. Owner-occupied housing accounts for 69.02% of Edmond's homes, and 74.06% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Edmond 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 Edmond built between 2000 and later ( 35.15%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.58%). There's also some housing in Edmond built before 1939 ( 1.34%).
Edmond's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Edmond during the period has been just 5.67%, which is lower than 70% of US communities.
Over the last year, Edmond appreciation rates have trailed the rest of the nation. In the last twelve months, Edmond's appreciation rate has been 3.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Edmond were at 1.78%, which equates to an annual appreciation rate of 7.32%.
Relative to Oklahoma, our data show that Edmond's latest annual appreciation rate is lower than 80% 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 Edmond differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Edmond - 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 Edmond real estate investment or home purchase decisions.
$426,081
for Oklahoma
for nation
35,985
$1,894 / per month