0
menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Blackwell, OK Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Blackwell, OK Housing Market Trends

With 6,071 people, 2,296 houses or apartments, and a median cost of homes of $130,388, house prices in Blackwell 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 Blackwell, accounting for 86.36% of the city's housing units. Other types of housing that are prevalent in Blackwell include mobile homes or trailers ( 5.64%), duplexes, homes converted to apartments or other small apartment buildings ( 3.58%), and a few large apartment complexes or high rise apartments ( 3.21%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Blackwell. Owner-occupied housing accounts for 66.76% of Blackwell's homes, and 60.64% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Blackwell's housing was primarily built during this period, from the '40s through the '60s. A full 43.54% of the city's housing hails from this era. Other housing ages represented in Blackwell include homes built before 1939 ( 31.73%) and housing constructed between 1970-1999 ( 19.40%). There's also some housing in Blackwell built between 2000 and later ( 5.33%).

Vacant housing appears to be an issue in Blackwell. Fully 28.50% of the housing stock is classified as vacant. Left unchecked, vacant Blackwell homes and apartments can be a drag on the real estate market, holding Blackwell 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.

Blackwell Home Appreciation Rates

Real estate appreciation rates in Blackwell's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.95% during the period.

Appreciation rates are so strong in Blackwell that despite a nationwide downturn in the housing market, Blackwell real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Blackwell appreciation rates continue to be some of the highest in America, at 8.81%, which is higher than appreciation rates in 79.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Blackwell. Blackwell appreciation rates in the latest quarter were at 3.30%, which equates to an annual appreciation rate of 13.85%.

Importantly, this makes Blackwell 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 Blackwell's latest annual appreciation rate is higher than 70% of the other cities and towns in Oklahoma.

Average Home Values

Median Home Value

$130,388

Blackwell, OK Home Prices
> $1,363,000
$1,022,001 - $1,363,000
$681,001 - $1,022,000
$545,001 - $681,000
$409,001 - $545,000
$273,001 - $409,000
$136,001 - $273,000
$68,001 - $136,000
$0 - $68,000
0.5%
0.5%
0.1%
0.1%
0.2%
0.2%
0.3%
0.3%
8.5%
8.5%
12.0%
12.0%
19.0%
19.0%
29.1%
29.1%
30.2%
30.2%
0% 100.0%
% of Homes
Very Low

for Oklahoma

Very Low

for nation

Number of Homes And Apartments:

2,296

Blackwell Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,280 / per month

Homeownership Rate

Owners
Renters
66.8%
66.8%
33.2%
33.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
28.5%
28.5%
71.5%
71.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.3%
5.3%
19.4%
19.4%
43.5%
43.5%
31.7%
31.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
86.4%
86.4%
1.2%
1.2%
3.6%
3.6%
3.2%
3.2%
5.6%
5.6%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.0%
2.0%
10.7%
10.7%
26.4%
26.4%
51.3%
51.3%
9.3%
9.3%
0.2%
0.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Blackwell

Zip Codes in Blackwell, OK