Falls City, NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Falls City, NE Real Estate Data


Falls City Housing Market Information

With 4,198 people, 1,920 houses or apartments, and a median cost of homes of $88,162, house prices in Falls City are some of the most affordable in Nebraska as well as the nation.

Single-family detached homes are the single most common housing type in Falls City, accounting for 88.73% of the city's housing units. Other types of housing that are prevalent in Falls City include large apartment complexes or high rise apartments ( 7.29%), duplexes, homes converted to apartments or other small apartment buildings ( 3.58%).

Dwellings in Falls City tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 49.69% of the homes in Falls City have two or fewer bedrooms.

The housing in Falls City was primarily built before 1939 ( 41.06%), making the housing stock in Falls City some of the oldest overall in America, although there is a range of ages of homes in Falls City. The next most important housing age is between 1940-1969 ( 33.77%), followed by between 1970-1999 ( 25.18%).

Vacant housing appears to be an issue in Falls City. Fully 14.13% of the housing stock is classified as vacant. Left unchecked, vacant Falls City homes and apartments can be a drag on the real estate market, holding Falls City 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.

Falls City Home Appreciation Rates

In the last 10 years, Falls City has experienced some of the highest home appreciation rates of any community in the nation. Falls City real estate appreciated 31.67% over the last ten years, which is an average annual home appreciation rate of 2.79%, putting Falls City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Falls City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Falls City's appreciation rate, at 5.18%, has been at or slightly above the national average. In the latest quarter, Falls City's appreciation rate has been 1.93%, which annualizes to a rate of 7.96%.

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

Average Home Values

 

Median Home Value:
$88,162

Falls City, NE HOME PRICES

Value Range
> $1,241,000 1.9
$931,001 - $1,241,000 0.0
$621,001 - $931,000 3.2
$496,001 - $621,000 0.0
$372,001 - $496,000 1.3
$248,001 - $372,000 5.4
$124,001 - $248,000 14.0
$62,001 - $124,000 43.7
$0 - $62,000 30.4

Very Low for NE
Very Low for Nation

Value Relative to Nation Value Relative to State
86.4847455642092 87.1794871794872

Number Of Homes And Apartments:
1,920

Rent & Ownership

 

Average Market Rent:
$740 / per month

Homeownership Rate

Homeownership
Owners 68.81
Renters 31.19
Vacant 14.13

Housing Market Details

 

Age of Homes

AGE OF Falls City HOMES
2000 or Newer 0.0
1970 - 1999 25.2
1940 - 1969 33.8
1939 or Older 41.1

Types of Homes

TYPE OF Falls City HOMES
Single-Family 88.7
Townhomes 0.0
Small Apt. Buildings 3.6
Apt. Complexes 7.3
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Falls City HOMES
No Bedroom 0.00
1 Bedroom 9.35
2 Bedrooms 40.34
3 Bedrooms 34.75
4 Bedrooms 9.66
5 or more bedrooms 5.90

Falls City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NE*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
69.05% 3.14% 7 8
* 10 is highest

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