Nebraska City, NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Nebraska City, NE Real Estate Data


Nebraska City Housing Market Information

With 7,335 people, 3,103 houses or apartments, and a median cost of homes of $127,952, house prices in Nebraska City are solidly below the national average.

Single-family detached homes are the single most common housing type in Nebraska City, accounting for 77.99% of the city's housing units. Other types of housing that are prevalent in Nebraska City include large apartment complexes or high rise apartments ( 10.49%), duplexes, homes converted to apartments or other small apartment buildings ( 7.30%), and a few mobile homes or trailers ( 3.17%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Nebraska City. Owner-occupied housing accounts for 65.26% of Nebraska City's homes, and 55.08% 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. Nebraska City's housing was primarily built during this period, from the '40s through the '60s. A full 37.14% of the city's housing hails from this era. Other housing ages represented in Nebraska City include homes built before 1939 ( 28.52%) and housing constructed between 1970-1999 ( 26.35%). There's also some housing in Nebraska City built between 2000 and later ( 7.99%).

Nebraska City Home Appreciation Rates

Appreciation rates for homes in Nebraska City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 16.02%, which ranks in the top 30% nationwide. This equates to an annual average Nebraska City house appreciation rate of 1.50%.

NeighborhoodScout's data show that during the latest twelve months, Nebraska City's appreciation rate, at 5.43%, has been at or slightly above the national average. In the latest quarter, Nebraska City's appreciation rate has been 1.93%, which annualizes to a rate of 7.96%.

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

Average Home Values

 

Median Home Value:
$127,952

Nebraska City, NE HOME PRICES

Value Range
> $1,165,000 0.0
$874,001 - $1,165,000 0.0
$582,001 - $874,000 0.0
$466,001 - $582,000 0.0
$349,001 - $466,000 2.3
$233,001 - $349,000 10.0
$116,001 - $233,000 37.7
$58,001 - $116,000 39.3
$0 - $58,000 10.8

Average for NE
Low for Nation

Value Relative to Nation Value Relative to State
61.9605317093166 46.6666666666667

Number Of Homes And Apartments:
3,103

Rent & Ownership

 

Average Market Rent:
$761 / per month

Homeownership Rate

Homeownership
Owners 65.26
Renters 34.74
Vacant 6.45

Housing Market Details

 

Age of Homes

AGE OF Nebraska City HOMES
2000 or Newer 8.0
1970 - 1999 26.3
1940 - 1969 37.1
1939 or Older 28.5

Types of Homes

TYPE OF Nebraska City HOMES
Single-Family 78.0
Townhomes 1.1
Small Apt. Buildings 7.3
Apt. Complexes 10.5
Mobile Homes 3.2
Other 0.0

Home Size

SIZE OF Nebraska City HOMES
No Bedroom 0.84
1 Bedroom 11.28
2 Bedrooms 29.76
3 Bedrooms 43.26
4 Bedrooms 11.82
5 or more bedrooms 3.04

Nebraska 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
33.76% 1.73% 1 4
* 10 is highest

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