Home Values

Midwest City Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$86,900

  • 3.8% 1-year change
  • 2.9% 1-year forecast

The median home value in Midwest City is $86,900. Midwest City home values have gone up 3.8% over the past year and Zillow predicts they will rise 2.9% within the next year. The median list price per square foot in Midwest City is $76, which is lower than the Oklahoma City Metro average of $98. The median price of homes currently listed in Midwest City is $93,900 while the median price of homes that sold is $101,875. The median rent price in Midwest City is $725, which is lower than the Oklahoma City Metro median of $975.

Foreclosures will be a factor impacting home values in the next several years. In Midwest City 2.0 homes are foreclosed (per 10,000). This is greater than the Oklahoma City Metro value of 1.7 and also lower than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Midwest City is 3.7%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Midwest City homeowners underwater on their mortgage is 11.8%, which is higher than Oklahoma City Metro at 10.9%.

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Relative ZHVI
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Midwest City Market Overview

Data through Feb 28, 2015
  • $86,900 ZHVI
  • 2.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $93,900 Median listing price
  • $101,875 Median sale price
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Midwest City Market Health

Data through Feb 28, 2015
  • 7.8/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 11.8% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 3.7% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

2 homes Midwest City
1.7 homes Oklahoma City Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Nichols Hills $417,200
Forest Park $173,800
Choctaw $147,700
Name Median ZHVI
Moore $116,900
Oklahoma City $116,400
Jones $103,000
Name Median ZHVI
Nicoma Park $94,400
Spencer $68,800
Del City $68,600

Listings & Sales

Data through Feb 28, 2015
  • $76 Median list price / sq ft
  • $74 Median sale price / sq ft
  • 13.9% Listings with price cut
18.2%
Sold below listing
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Midwest City Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $842 Midwest City
    $1,157 Oklahoma City Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $725 Rent list price
  • $0.76 Rent list price / sq ft
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