Great Bend, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Great Bend Neighborhoods Since 2000




Great Bend, KS Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Great Bend Housing Market Information

With a population of 15,717, 6,371 total housing units (homes and apartments), and a median house value of $84,383, house prices in Great Bend are solidly below the national average.

Single-family detached homes are the single most common housing type in Great Bend, accounting for 76.51% of the city's housing units. Other types of housing that are prevalent in Great Bend include mobile homes or trailers ( 7.69%), large apartment complexes or high rise apartments ( 6.74%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.51%).

People in Great Bend primarily live in small (one, two or no bedroom) single-family detached homes. Great Bend has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Great Bend's housing was primarily built during this period, from the '40s through the '60s. A full 46.49% of the city's housing hails from this era. Other housing ages represented in Great Bend include homes built between 1970-1999 ( 31.64%) and housing constructed before 1939 ( 18.84%). There's also some housing in Great Bend built between 2000 and later ( 3.03%).

Vacant housing appears to be an issue in Great Bend. Fully 10.76% of the housing stock is classified as vacant. Left unchecked, vacant Great Bend homes and apartments can be a drag on the real estate market, holding Great Bend real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Great Bend Home Appreciation Rates

In the last 10 years, Great Bend has experienced some of the highest home appreciation rates of any community in the nation. Great Bend real estate appreciated 28.92% over the last ten years, which is an average annual home appreciation rate of 2.57%, putting Great Bend in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Great Bend 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, Great Bend appreciation rates have trailed the rest of the nation. In the last twelve months, Great Bend's appreciation rate has been 2.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Great Bend were at 1.04%, which equates to an annual appreciation rate of 4.23%.

Relative to Kansas, our data show that Great Bend's latest annual appreciation rate is lower than 70% of the other cities and towns in Kansas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Great Bend differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Great Bend - 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 Great Bend real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$84,383

Great Bend, KS HOME PRICES

Value Range
> $1,093,000 0.3
$820,001 - $1,093,000 0.0
$547,001 - $820,000 0.3
$437,001 - $547,000 1.8
$328,001 - $437,000 1.9
$218,001 - $328,000 2.6
$109,001 - $218,000 27.1
$55,001 - $109,000 38.0
$0 - $55,000 28.0

Low for KS
Very Low for Nation

Value Relative to Nation Value Relative to State
87.7768662838392 69.8581560283688

Number Of Homes And Apartments:
6,371

Great Bend Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
49.33% 2.35% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$754 / per month

Homeownership Rate

Homeownership
Owners 58.04
Renters 41.96
Vacant 10.76

Housing Market Details

 

Age of Homes

AGE OF Great Bend HOMES
2000 or Newer 3.0
1970 - 1999 31.6
1940 - 1969 46.5
1939 or Older 18.8

Types of Homes

TYPE OF Great Bend HOMES
Single-Family 76.5
Townhomes 2.5
Small Apt. Buildings 6.5
Apt. Complexes 6.7
Mobile Homes 7.7
Other 0.0

Home Size

SIZE OF Great Bend HOMES
No Bedroom 0.53
1 Bedroom 10.80
2 Bedrooms 36.99
3 Bedrooms 32.99
4 Bedrooms 14.92
5 or more bedrooms 3.77