The housing market in Erick, OK is quite strong and has been on the rise over the past year. The median housing value in Erick is currently $77,700, significantly lower than the US median of $338,100. However, what makes Erick stand out is that it boasts a 1 year house appreciation rate of 13.34%, higher than the US average of 8.27%. This means that home values in Erick are increasing quickly and that it can be a great place to invest in residential properties.
The median home cost in Erick is $77,700. Home appreciation the last 10 years has been 62.1%. Home Appreciation in Erick is up 14.5%.
Average Age of Homes
- The median age of Erick real estate is 49 years old
The Rental Market in Erick
- Renters make up 26.8% of the Erick population
- 2.6% of houses and apartments in Erick, 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.