Enid, OK Federal Housing Finance Agency Home Price Index (FHFA HPI)

As of September 2020, the Enid, OK, Federal Housing Finance Agency (FHFA) house price index was 154.4. This is a decrease of 0.1% from the August 2020 index of 154.5 and a decrease of 0.2% from the September 2019 index of 154.6.

The FHFA house price index is based on home sales data from Freddie Mac and Fannie Mae. The Enid metropolitan statistical area includes all of Garfield County, Oklahoma.

According to the National Association of Realtors, the median sales price for existing homes in Enid was $154,900 in September 2020, down 1% from August 2020 and down 2% from September 2019. The median sales price for new homes in Enid was $206,700 in September 2020, up 2% from August 2020 but down 4% from September 2019.

In September 2020, the average 30-year fixed mortgage rate was 3.03%, down from 3.09% in August 2020 and down from 3.77% in September 2019, according to Freddie Mac's Primary Mortgage Market Survey® (PMMS®).

The combination of lower mortgage rates and lower home prices has resulted in an increase in affordability for both buyers and renters alike in Enid over the past year or so despite the coronavirus pandemic which has caused economic uncertainty throughout much of the country since March 2020