Kearney, NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Kearney Neighborhoods Since 2000




Kearney, 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

Kearney Housing Market Information

With 33,021 people, 12,434 houses or apartments, and a median cost of homes of $176,604, Kearney real estate is some of the most expensive in Nebraska, although Kearney home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Kearney, accounting for 58.73% of the city's housing units. Other types of housing that are prevalent in Kearney include large apartment complexes or high rise apartments ( 15.52%), duplexes, homes converted to apartments or other small apartment buildings ( 11.39%), and a few row houses and other attached homes ( 8.23%).

The most prevalent building size and type in Kearney are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.69% owning and 47.31% renting.

There is a lot of housing in Kearney 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 Kearney built between 1940-1969 ( 20.37%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.24%). There's also some housing in Kearney built before 1939 ( 12.89%).

Kearney Home Appreciation Rates

In the last 10 years, Kearney has experienced some of the highest home appreciation rates of any community in the nation. Kearney real estate appreciated 29.79% over the last ten years, which is an average annual home appreciation rate of 2.64%, putting Kearney in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kearney definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Kearney appreciation rates have trailed the rest of the nation. In the last twelve months, Kearney's appreciation rate has been 2.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kearney were at 0.99%, which equates to an annual appreciation rate of 4.02%.

Relative to Nebraska, our data show that Kearney's latest annual appreciation rate is lower than 90% 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 Kearney differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kearney - 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 Kearney real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$176,604

Kearney, NE HOME PRICES

Value Range
> $1,152,000 0.1
$864,001 - $1,152,000 0.2
$576,001 - $864,000 0.8
$461,001 - $576,000 0.7
$345,001 - $461,000 4.6
$230,001 - $345,000 15.6
$115,001 - $230,000 56.2
$58,001 - $115,000 11.5
$0 - $58,000 10.3

Very High for NE
High for Nation

Value Relative to Nation Value Relative to State
39.3648189382398 11.7948717948718

Number Of Homes And Apartments:
12,434

Kearney 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
57.42% 2.67% 4 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$918 / per month

Homeownership Rate

Homeownership
Owners 52.69
Renters 47.31
Vacant 5.37

Housing Market Details

 

Age of Homes

AGE OF Kearney HOMES
2000 or Newer 17.2
1970 - 1999 49.5
1940 - 1969 20.4
1939 or Older 12.9

Types of Homes

TYPE OF Kearney HOMES
Single-Family 58.7
Townhomes 8.2
Small Apt. Buildings 11.4
Apt. Complexes 15.5
Mobile Homes 6.1
Other 0.0

Home Size

SIZE OF Kearney HOMES
No Bedroom 1.45
1 Bedroom 9.93
2 Bedrooms 26.82
3 Bedrooms 35.05
4 Bedrooms 19.41
5 or more bedrooms 7.34