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 7,141, 2,461 total housing units (homes and apartments), and a median house value of $98,001, house prices in Seminole 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 Seminole, accounting for 74.89% of the city's housing units. Other types of housing that are prevalent in Seminole include large apartment complexes or high rise apartments ( 11.24%), duplexes, homes converted to apartments or other small apartment buildings ( 6.25%), and a few mobile homes or trailers ( 4.26%).
The most prevalent building size and type in Seminole are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.89% owning and 49.11% renting.
There is a lot of housing in Seminole 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 Seminole built between 1940-1969 ( 37.15%). A lesser amount of the housing stock also hails from before 1939 ( 15.30%). There's also some housing in Seminole built between 2000 and later ( 8.25%).
Vacant housing appears to be an issue in Seminole. Fully 18.16% of the housing stock is classified as vacant. Left unchecked, vacant Seminole homes and apartments can be a drag on the real estate market, holding Seminole 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Seminole, where house values have increased just 45.38%, which is annualized rate of 3.81%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Seminole that despite a nationwide downturn in the housing market, Seminole real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Seminole appreciation rates continue to be some of the highest in America, at 8.64%, which is higher than appreciation rates in 77.25% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Seminole. Seminole appreciation rates in the latest quarter were at 3.30%, which equates to an annual appreciation rate of 13.85%.
Importantly, this makes Seminole 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 Seminole's latest annual appreciation rate is higher than 50% of the other cities and towns in Oklahoma.
$98,001
for Oklahoma
for nation
2,461
$1,103 / per month