Bennington, NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bennington Neighborhoods Since 2000




Bennington, NE 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

Bennington Housing Market Information

With a population of 1,669, 642 total housing units (homes and apartments), and a median house value of $318,795, Bennington house prices are not only among the most expensive in Nebraska, Bennington real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Bennington, accounting for 68.31% of the city's housing units. Other types of housing that are prevalent in Bennington include large apartment complexes or high rise apartments ( 14.33%), duplexes, homes converted to apartments or other small apartment buildings ( 13.89%), and a few row houses and other attached homes ( 3.47%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bennington. Owner-occupied housing accounts for 66.20% of Bennington's homes, and 54.27% have either three or four bedrooms, which is average sized relative to America.

Bennington homes and real estate are some of the newest in America. 48.05% of Bennington's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Bennington real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 25.18%), and between 1940-1969 ( 15.92%). There's also some housing in Bennington built before 1939 ( 10.85%).

Bennington Home Appreciation Rates

Appreciation rates for homes in Bennington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.58%, which ranks in the top 30% nationwide. This equates to an annual average Bennington house appreciation rate of 1.01%.

Appreciation rates are so strong in Bennington that despite a nationwide downturn in the housing market, Bennington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bennington appreciation rates continue to be some of the highest in America, at 6.62%, which is higher than appreciation rates in 78.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bennington. Bennington appreciation rates in the latest quarter were at 1.69%, which equates to an annual appreciation rate of 6.94%.

Importantly, this makes Bennington one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Nebraska, our data show that Bennington's latest annual appreciation rate is higher than 80% of the other cities and towns in Nebraska.

Average Home Values

 

Median Home Value:
$318,795

Bennington, NE HOME PRICES

Value Range
> $1,147,000 0.9
$861,001 - $1,147,000 1.4
$574,001 - $861,000 5.4
$459,001 - $574,000 7.4
$344,001 - $459,000 15.8
$230,001 - $344,000 30.6
$115,001 - $230,000 32.3
$58,001 - $115,000 4.2
$0 - $58,000 1.8

Very High for NE
Very High for Nation

Value Relative to Nation Value Relative to State
14.6431501230517 1.02564102564103

Number Of Homes And Apartments:
642

Bennington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NE*
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
26.99% 1.39% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$978 / per month

Homeownership Rate

Homeownership
Owners 66.20
Renters 33.80
Vacant 7.09

Housing Market Details

 

Age of Homes

AGE OF Bennington HOMES
2000 or Newer 48.0
1970 - 1999 25.2
1940 - 1969 15.9
1939 or Older 10.9

Types of Homes

TYPE OF Bennington HOMES
Single-Family 68.3
Townhomes 3.5
Small Apt. Buildings 13.9
Apt. Complexes 14.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Bennington HOMES
No Bedroom 2.46
1 Bedroom 8.68
2 Bedrooms 28.08
3 Bedrooms 33.86
4 Bedrooms 20.41
5 or more bedrooms 6.51