Blair, NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Blair Neighborhoods Since 2000




Blair, 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

Blair Housing Market Information

With a population of 7,975, 3,295 total housing units (homes and apartments), and a median house value of $178,103, Blair real estate is some of the most expensive in Nebraska, although Blair home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Blair, accounting for 72.59% of the city's housing units. Other types of housing that are prevalent in Blair include large apartment complexes or high rise apartments ( 15.73%), duplexes, homes converted to apartments or other small apartment buildings ( 9.09%), and a few row houses and other attached homes ( 1.84%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Blair. Owner-occupied housing accounts for 65.92% of Blair's homes, and 54.50% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Blair built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Blair built before 1939 ( 21.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.89%). There's also some housing in Blair built between 2000 and later ( 11.91%).

Blair Home Appreciation Rates

Appreciation rates for homes in Blair have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.74%, which ranks in the top 30% nationwide. This equates to an annual average Blair house appreciation rate of 0.93%.

NeighborhoodScout's data show that during the latest twelve months, Blair's appreciation rate, at 4.55%, has been at or slightly above the national average. In the latest quarter, Blair's appreciation rate has been 1.69%, which annualizes to a rate of 6.94%.

Importantly, this makes Blair 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 Blair's latest annual appreciation rate is lower than 80% of the other cities and towns in Nebraska.

Average Home Values

 

Median Home Value:
$178,103

Blair, NE HOME PRICES

Value Range
> $1,132,000 0.0
$849,001 - $1,132,000 0.0
$566,001 - $849,000 0.4
$453,001 - $566,000 0.0
$340,001 - $453,000 6.4
$227,001 - $340,000 18.9
$113,001 - $227,000 51.7
$56,001 - $113,000 17.1
$0 - $56,000 5.6

Very High for NE
High for Nation

Value Relative to Nation Value Relative to State
38.7671393413805 10.7692307692308

Number Of Homes And Apartments:
3,295

Blair 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
29.18% 1.50% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$752 / per month

Homeownership Rate

Homeownership
Owners 65.92
Renters 34.08
Vacant 4.02

Housing Market Details

 

Age of Homes

AGE OF Blair HOMES
2000 or Newer 11.9
1970 - 1999 45.3
1940 - 1969 20.9
1939 or Older 21.9

Types of Homes

TYPE OF Blair HOMES
Single-Family 72.6
Townhomes 1.8
Small Apt. Buildings 9.1
Apt. Complexes 15.7
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Blair HOMES
No Bedroom 2.94
1 Bedroom 10.28
2 Bedrooms 29.94
3 Bedrooms 35.80
4 Bedrooms 18.70
5 or more bedrooms 2.33

Popular Neighborhoods in Blair

Zip Codes in Blair, NE