Ponca City, OK has seen a great increase in home values in the past year. The median housing value of homes in Ponca City is $110,400 which is much lower than the US median of $338,100. However, the one-year appreciation rate for Ponca City homes was 13.34% compared to the 8.27% national average, making it an attractive option for homeowners seeking greater returns on their investment. This high appreciation rate can be attributed to the area's relatively low median price and increasing demand from new buyers.
The median home cost in Ponca City is $110,400. Home appreciation the last 10 years has been 62.1%. Home Appreciation in Ponca City is up 14.5%.
Average Age of Homes
- The median age of Ponca City real estate is 55 years old
The Rental Market in Ponca City
- Renters make up 28.6% of the Ponca City population
- 3.7% of houses and apartments in Ponca City, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.