McCook, NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating McCook Neighborhoods Since 2000




McCook, 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

McCook Housing Market Information

With 7,580 people, 3,347 houses or apartments, and a median cost of homes of $110,622, house prices in McCook are solidly below the national average.

Single-family detached homes are the single most common housing type in McCook, accounting for 71.02% of the city's housing units. Other types of housing that are prevalent in McCook include large apartment complexes or high rise apartments ( 12.78%), duplexes, homes converted to apartments or other small apartment buildings ( 7.26%), and a few mobile homes or trailers ( 4.65%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in McCook. Owner-occupied housing accounts for 66.72% of McCook's homes, and 49.33% have either three or four bedrooms, which is average sized relative to America.

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. McCook's housing was primarily built during this period, from the '40s through the '60s. A full 34.63% of the city's housing hails from this era. Other housing ages represented in McCook include homes built between 1970-1999 ( 32.51%) and housing constructed before 1939 ( 32.13%).

McCook Home Appreciation Rates

In the last 10 years, McCook has experienced some of the highest home appreciation rates of any community in the nation. McCook real estate appreciated 33.67% over the last ten years, which is an average annual home appreciation rate of 2.94%, putting McCook in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, McCook 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 McCook that despite a nationwide downturn in the housing market, McCook real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, McCook appreciation rates continue to be some of the highest in America, at 6.29%, which is higher than appreciation rates in 76.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in McCook. McCook 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 McCook's latest annual appreciation rate is higher than 70% of the other cities and towns in Nebraska.

Average Home Values

 

Median Home Value:
$110,622

McCook, NE HOME PRICES

Value Range
> $1,156,000 0.0
$867,001 - $1,156,000 0.0
$578,001 - $867,000 0.0
$462,001 - $578,000 0.0
$346,001 - $462,000 0.6
$231,001 - $346,000 7.1
$116,001 - $231,000 29.3
$58,001 - $116,000 46.2
$0 - $58,000 16.7

Low for NE
Low for Nation

Value Relative to Nation Value Relative to State
71.0008203445447 61.025641025641

Number Of Homes And Apartments:
3,347

McCook 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
51.66% 2.44% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$742 / per month

Homeownership Rate

Homeownership
Owners 66.72
Renters 33.28
Vacant 9.02

Housing Market Details

 

Age of Homes

AGE OF McCook HOMES
2000 or Newer 0.7
1970 - 1999 32.5
1940 - 1969 34.6
1939 or Older 32.1

Types of Homes

TYPE OF McCook HOMES
Single-Family 71.0
Townhomes 4.3
Small Apt. Buildings 7.3
Apt. Complexes 12.8
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF McCook HOMES
No Bedroom 2.07
1 Bedroom 10.38
2 Bedrooms 29.19
3 Bedrooms 36.61
4 Bedrooms 12.72
5 or more bedrooms 9.02

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