Beatrice, NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Beatrice, NE Real Estate Data


Beatrice Housing Market Information

With a population of 12,388, 5,403 total housing units (homes and apartments), and a median house value of $111,293, house prices in Beatrice are solidly below the national average.

Single-family detached homes are the single most common housing type in Beatrice, accounting for 73.22% of the city's housing units. Other types of housing that are prevalent in Beatrice include large apartment complexes or high rise apartments ( 14.47%), duplexes, homes converted to apartments or other small apartment buildings ( 5.40%), and a few row houses and other attached homes ( 4.77%).

People in Beatrice primarily live in small (one, two or no bedroom) single-family detached homes. Beatrice 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. Beatrice's housing was primarily built during this period, from the '40s through the '60s. A full 34.44% of the city's housing hails from this era. Other housing ages represented in Beatrice include homes built between 1970-1999 ( 33.73%) and housing constructed before 1939 ( 24.94%). There's also some housing in Beatrice built between 2000 and later ( 6.89%).

Vacant housing appears to be an issue in Beatrice. Fully 12.35% of the housing stock is classified as vacant. Left unchecked, vacant Beatrice homes and apartments can be a drag on the real estate market, holding Beatrice 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.

Beatrice Home Appreciation Rates

Appreciation rates for homes in Beatrice have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.75%, which ranks in the top 30% nationwide. This equates to an annual average Beatrice house appreciation rate of 1.12%.

NeighborhoodScout's data show that during the latest twelve months, Beatrice's appreciation rate, at 3.64%, has been at or slightly above the national average. In the latest quarter, Beatrice's appreciation rate has been -0.08%, which annualizes to a rate of -0.33%.

Relative to Nebraska, our data show that Beatrice's latest annual appreciation rate is lower than 60% of the other cities and towns in Nebraska.

Average Home Values

 

Median Home Value:
$111,293

Beatrice, NE HOME PRICES

Value Range
> $1,093,000 0.2
$820,001 - $1,093,000 0.0
$546,001 - $820,000 0.6
$437,001 - $546,000 0.4
$328,001 - $437,000 1.9
$219,001 - $328,000 7.0
$109,001 - $219,000 38.9
$55,001 - $109,000 33.7
$0 - $55,000 17.3

Average for NE
Low for Nation

Value Relative to Nation Value Relative to State
70.4441579749209 58.4615384615385

Number Of Homes And Apartments:
5,403

Rent & Ownership

 

Average Market Rent:
$796 / per month

Homeownership Rate

Homeownership
Owners 58.88
Renters 41.12
Vacant 12.35

Housing Market Details

 

Age of Homes

AGE OF Beatrice HOMES
2000 or Newer 6.9
1970 - 1999 33.7
1940 - 1969 34.4
1939 or Older 24.9

Types of Homes

TYPE OF Beatrice HOMES
Single-Family 73.2
Townhomes 4.8
Small Apt. Buildings 5.4
Apt. Complexes 14.5
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Beatrice HOMES
No Bedroom 1.04
1 Bedroom 10.45
2 Bedrooms 36.66
3 Bedrooms 34.64
4 Bedrooms 12.33
5 or more bedrooms 4.88

Beatrice Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NE*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
32.61% 1.65% 1 4
* 10 is highest

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Zip Codes in Beatrice, NE