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 430 people, 168 houses or apartments, and a median cost of homes of $166,852, house prices in Bernice are solidly below the national average.
Single-family detached homes are the single most common housing type in Bernice, accounting for 65.71% of the town's housing units. Other types of housing that are prevalent in Bernice include mobile homes or trailers ( 33.02%).
Dwellings in Bernice tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 64.76% of the homes in Bernice have two or fewer bedrooms.
There is a lot of housing in Bernice 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 Bernice built between 1940-1969 ( 33.97%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.65%). There's also some housing in Bernice built before 1939 ( 5.40%).
A decent proportion of the Bernice housing stock is seasonally occupied. That is, homes and condos in Bernice are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Bernice housing market speaks to its popularity as a vacation location of choice.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Bernice, where house values have increased just 48.92%, which is annualized rate of 4.06%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Bernice's appreciation rate, at 5.14%, has been at or slightly above the national average. In the latest quarter, Bernice's appreciation rate has been 0.88%, which annualizes to a rate of 3.58%.
Relative to Oklahoma, our data show that Bernice's latest annual appreciation rate is lower than 60% of the other cities and towns in Oklahoma.
$166,852
for Oklahoma
for nation
168
$1,182 / per month