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 24,403 people, 9,852 houses or apartments, and a median cost of homes of $501,808, Oak Harbor real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Oak Harbor, accounting for 52.37% of the city's housing units. Other types of housing that are prevalent in Oak Harbor include large apartment complexes or high rise apartments ( 19.72%), duplexes, homes converted to apartments or other small apartment buildings ( 15.57%), and a few row houses and other attached homes ( 7.28%).
The most prevalent building size and type in Oak Harbor are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.05% owning and 52.95% renting.
There is a lot of housing in Oak Harbor 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 Oak Harbor built between 2000 and later ( 26.65%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.14%). There's also some housing in Oak Harbor built before 1939 ( 2.24%).
In the last 10 years, Oak Harbor has experienced some of the highest home appreciation rates of any community in the nation. Oak Harbor real estate appreciated 116.95% over the last ten years, which is an average annual home appreciation rate of 8.05%, putting Oak Harbor in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Oak Harbor definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Oak Harbor appreciation rates have trailed the rest of the nation. In the last twelve months, Oak Harbor's appreciation rate has been 1.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oak Harbor were at 0.16%, which equates to an annual appreciation rate of 0.63%.
Notably, Oak Harbor's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Washington, our data show that Oak Harbor's latest annual appreciation rate is lower than 50% of the other cities and towns in Washington.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Oak Harbor differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Oak Harbor - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Oak Harbor real estate investment or home purchase decisions.
$501,808
for Washington
for nation
9,852
$2,161 / per month