Enid’s Zillow ZHVI typical home value is $138,538, while Zillow ZORI typical observed market rent is $1,259 per month. Annualizing that rent against the value implies a 10.9% gross yield before vacancy loss, maintenance, management, taxes, insurance, financing and capital work. The Zillow value is 2.23x ACS median household income, and annualized Zillow rent equals 24.3% of that income. These mixed-source affordability ratios are screening indicators, not a household budget or property cash-flow result.
The city has 23,122 housing units; renters occupy 38.7% of occupied units, while 14.6% of all units are vacant. These citywide shares frame tenure and slack but cannot show whether a specific rental will lease quickly. ACS reports a $154,900 median value for occupied owner housing and $914 median gross rent for occupied rentals, including selected utilities. Those surveyed ACS measures cover different housing populations and periods than Zillow’s typical value and observed market rent, so they should not be averaged or treated as comparable property quotes.
Direct city ACS detail shows 43.9% of renter households meet the rent-burden threshold. Single-family homes comprise 81.0% of housing units and large multifamily buildings 4.0%, indicating structure mix rather than purchasable inventory. ACS classifies 683 vacant units as for rent and 431 as seasonal; vacancy reasons likewise do not measure available investment inventory. Population increased 0.5% between overlapping ACS vintages, a nonannual comparison that may also reflect boundary changes. Median household income is $62,125, with poverty at 13.7% and unemployment at 5.3%; these are descriptive demand constraints, not causal evidence about rent performance.
In Garfield County, county listings had a median 57 days on market, and 24.2% had price reductions, providing county—not city—negotiation context. The broader Enid metro had 5.4 months of supply, a 95.6% sale-to-list ratio and job change of negative 0.6%, which supply metro—not city—liquidity and labor context. The national 30-year mortgage rate was 6.66%, a national financing benchmark rather than an Enid borrowing quote.
Underwriting is limited by aggregate city surveys, modeled Zillow measures and wider-area indicators with different definitions and periods. Before acting, verify the property’s purchase terms, achievable rent and concessions; inspect age, condition, utilities and deferred work; obtain parcel taxes, insurance and hazard information; confirm legal use and tenant obligations; and model vacancy, management, repairs, capital reserves and actual financing. Comparable leases and sales should match the property type and condition rather than rely on citywide medians.