Falls City, NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Falls City Neighborhoods Since 2000




Falls City, 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

Falls City Housing Market Information

With a population of 4,198, 1,891 total housing units (homes and apartments), and a median house value of $90,175, house prices in Falls City are solidly below the national average.

Single-family detached homes are the single most common housing type in Falls City, accounting for 91.05% of the city's housing units. Other types of housing that are prevalent in Falls City include large apartment complexes or high rise apartments ( 6.32%), duplexes, homes converted to apartments or other small apartment buildings ( 2.25%).

Dwellings in Falls City tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 49.98% of the homes in Falls City have two or fewer bedrooms.

The housing in Falls City was primarily built before 1939 ( 38.22%), 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 1970-1999 ( 31.29%), followed by between 1940-1969 ( 30.49%).

Vacant housing appears to be an issue in Falls City. Fully 11.43% 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 36.48% over the last ten years, which is an average annual home appreciation rate of 3.16%, 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.

Appreciation rates are so strong in Falls City that despite a nationwide downturn in the housing market, Falls City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Falls City appreciation rates continue to be some of the highest in America, at 5.80%, which is higher than appreciation rates in 72.37% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Falls City. Falls City appreciation rates in the latest quarter were at 0.99%, which equates to an annual appreciation rate of 4.02%.

Relative to Nebraska, our data show that Falls City's latest annual appreciation rate is higher than 50% of the other cities and towns in Nebraska.

Average Home Values

 

Median Home Value:
$90,175

Falls City, NE HOME PRICES

Value Range
> $1,156,000 2.1
$867,001 - $1,156,000 0.0
$578,001 - $867,000 2.9
$462,001 - $578,000 0.0
$347,001 - $462,000 0.0
$231,001 - $347,000 6.9
$115,001 - $231,000 18.7
$58,001 - $115,000 39.7
$0 - $58,000 29.7

Low for NE
Very Low for Nation

Value Relative to Nation Value Relative to State
83.7923356381109 77.948717948718

Number Of Homes And Apartments:
1,891

Falls City 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
78.81% 3.43% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$637 / per month

Homeownership Rate

Homeownership
Owners 69.48
Renters 30.52
Vacant 11.43

Housing Market Details

 

Age of Homes

AGE OF Falls City HOMES
2000 or Newer 0.0
1970 - 1999 31.3
1940 - 1969 30.5
1939 or Older 38.2

Types of Homes

TYPE OF Falls City HOMES
Single-Family 91.1
Townhomes 0.0
Small Apt. Buildings 2.2
Apt. Complexes 6.3
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Falls City HOMES
No Bedroom 1.97
1 Bedroom 5.90
2 Bedrooms 42.11
3 Bedrooms 35.36
4 Bedrooms 7.63
5 or more bedrooms 7.03

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Zip Codes in Falls City, NE