North Platte, NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating North Platte Neighborhoods Since 2000




North Platte, 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

North Platte Housing Market Information

With 24,194 people, 10,467 houses or apartments, and a median cost of homes of $122,345, house prices in North Platte are solidly below the national average.

Single-family detached homes are the single most common housing type in North Platte, accounting for 63.74% of the city's housing units. Other types of housing that are prevalent in North Platte include large apartment complexes or high rise apartments ( 17.33%), mobile homes or trailers ( 9.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.61%).

The most prevalent building size and type in North Platte are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.08% owning and 41.92% renting.

There is a lot of housing in North Platte 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 North Platte built between 1940-1969 ( 32.04%). A lesser amount of the housing stock also hails from before 1939 ( 21.98%). There's also some housing in North Platte built between 2000 and later ( 5.70%).

North Platte Home Appreciation Rates

In the last 10 years, North Platte has experienced some of the highest home appreciation rates of any community in the nation. North Platte real estate appreciated 18.77% over the last ten years, which is an average annual home appreciation rate of 1.74%, putting North Platte in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, North Platte definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, North Platte's appreciation rate, at 5.08%, has been at or slightly above the national average. In the latest quarter, North Platte's appreciation rate has been 0.99%, which annualizes to a rate of 4.02%.

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

Average Home Values

 

Median Home Value:
$122,345

North Platte, NE HOME PRICES

Value Range
> $1,150,000 0.0
$863,001 - $1,150,000 0.0
$575,001 - $863,000 0.4
$460,001 - $575,000 0.3
$345,001 - $460,000 2.1
$230,001 - $345,000 9.1
$115,001 - $230,000 39.2
$58,001 - $115,000 37.2
$0 - $58,000 11.7

Average for NE
Low for Nation

Value Relative to Nation Value Relative to State
64.1509433962264 50.2564102564103

Number Of Homes And Apartments:
10,467

North Platte 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
52.24% 2.47% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$877 / per month

Homeownership Rate

Homeownership
Owners 58.08
Renters 41.92
Vacant 8.03

Housing Market Details

 

Age of Homes

AGE OF North Platte HOMES
2000 or Newer 5.7
1970 - 1999 40.3
1940 - 1969 32.0
1939 or Older 22.0

Types of Homes

TYPE OF North Platte HOMES
Single-Family 63.7
Townhomes 2.9
Small Apt. Buildings 6.6
Apt. Complexes 17.3
Mobile Homes 9.4
Other 0.0

Home Size

SIZE OF North Platte HOMES
No Bedroom 4.69
1 Bedroom 11.72
2 Bedrooms 27.97
3 Bedrooms 39.75
4 Bedrooms 11.86
5 or more bedrooms 4.01

Popular Communities Near North Platte, NE

Zip Codes in North Platte, NE