Hastings, NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Hastings Neighborhoods Since 2000




Hastings, 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

Hastings Housing Market Information

With 24,924 people, 10,154 houses or apartments, and a median cost of homes of $112,400, house prices in Hastings are solidly below the national average.

Single-family detached homes are the single most common housing type in Hastings, accounting for 71.76% of the city's housing units. Other types of housing that are prevalent in Hastings include duplexes, homes converted to apartments or other small apartment buildings ( 11.29%), large apartment complexes or high rise apartments ( 9.10%), and a few mobile homes or trailers ( 4.93%).

The most prevalent building size and type in Hastings are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.68% owning and 38.32% renting.

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. Hastings's housing was primarily built during this period, from the '40s through the '60s. A full 35.34% of the city's housing hails from this era. Other housing ages represented in Hastings include homes built between 1970-1999 ( 31.11%) and housing constructed before 1939 ( 26.33%). There's also some housing in Hastings built between 2000 and later ( 7.22%).

Hastings Home Appreciation Rates

In the last 10 years, Hastings has experienced some of the highest home appreciation rates of any community in the nation. Hastings real estate appreciated 22.26% over the last ten years, which is an average annual home appreciation rate of 2.03%, putting Hastings in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hastings 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 Hastings that despite a nationwide downturn in the housing market, Hastings real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hastings appreciation rates continue to be some of the highest in America, at 6.35%, which is higher than appreciation rates in 76.82% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hastings. Hastings 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 Hastings's latest annual appreciation rate is higher than 70% of the other cities and towns in Nebraska.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Hastings differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hastings - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hastings real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$112,400

Hastings, NE HOME PRICES

Value Range
> $1,131,000 0.4
$849,001 - $1,131,000 0.0
$566,001 - $849,000 0.3
$453,001 - $566,000 0.9
$339,001 - $453,000 1.6
$227,001 - $339,000 8.6
$113,001 - $227,000 32.8
$57,001 - $113,000 38.5
$0 - $57,000 16.9

Average for NE
Low for Nation

Value Relative to Nation Value Relative to State
69.8933552091879 60.0

Number Of Homes And Apartments:
10,154

Hastings 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
42.63% 2.08% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$794 / per month

Homeownership Rate

Homeownership
Owners 61.68
Renters 38.32
Vacant 6.02

Housing Market Details

 

Age of Homes

AGE OF Hastings HOMES
2000 or Newer 7.2
1970 - 1999 31.1
1940 - 1969 35.3
1939 or Older 26.3

Types of Homes

TYPE OF Hastings HOMES
Single-Family 71.8
Townhomes 2.8
Small Apt. Buildings 11.3
Apt. Complexes 9.1
Mobile Homes 4.9
Other 0.1

Home Size

SIZE OF Hastings HOMES
No Bedroom 1.68
1 Bedroom 10.50
2 Bedrooms 34.33
3 Bedrooms 33.67
4 Bedrooms 12.86
5 or more bedrooms 6.96