The housing market in the Ada, OK Metro Area is flourishing. The median value of homes is currently $156,500, which is significantly lower than the US House Median Value of $338,100. However, while the US 1 year House Appreciation rate is 8.27%, the appreciation rate for the Ada, OK Metro Area is 13.34%. This growth in home values shows that there is an increasing demand for housing in this area and it could be a great investment opportunity for potential homeowners. Furthermore, with a lower median value compared to other parts of the country, Ada may offer more affordable options for people looking to purchase a home.
The median home cost in Ada Metro Area is $156,500. Home appreciation the last 10 years has been 62.1%. Home Appreciation in Ada Metro Area is up 14.5%.
Average Age of Homes
- The median age of Ada Metro Area real estate is 40 years old
The Rental Market in Ada Metro Area
- Renters make up 29.9% of the Ada Metro Area population
- 4.8% of houses and apartments in Ada Metro Area, 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.