Ogallala, NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ogallala, 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

Ogallala Housing Market Information

With a population of 4,570, 2,299 total housing units (homes and apartments), and a median house value of $133,985, house prices in Ogallala are solidly below the national average.

Single-family detached homes are the single most common housing type in Ogallala, accounting for 76.42% of the city's housing units. Other types of housing that are prevalent in Ogallala include duplexes, homes converted to apartments or other small apartment buildings ( 11.41%), mobile homes or trailers ( 5.79%), and a few large apartment complexes or high rise apartments ( 5.04%).

The most prevalent building size and type in Ogallala are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.91% owning and 40.09% 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. Ogallala's housing was primarily built during this period, from the '40s through the '60s. A full 44.82% of the city's housing hails from this era. Other housing ages represented in Ogallala include homes built between 1970-1999 ( 32.35%) and housing constructed before 1939 ( 19.60%). There's also some housing in Ogallala built between 2000 and later ( 3.23%).

Ogallala Home Appreciation Rates

In the last 10 years, Ogallala has experienced some of the highest home appreciation rates of any community in the nation. Ogallala real estate appreciated 25.01% over the last ten years, which is an average annual home appreciation rate of 2.26%, putting Ogallala in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ogallala 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, Ogallala's appreciation rate, at 3.51%, has been at or slightly above the national average. In the latest quarter, Ogallala's appreciation rate has been 0.99%, which annualizes to a rate of 4.02%.

Relative to Nebraska, our data show that Ogallala's latest annual appreciation rate is lower than 80% of the other cities and towns in Nebraska.

Average Home Values

 

Median Home Value:
$133,985

Ogallala, NE HOME PRICES

Value Range
> $1,144,000 1.1
$858,001 - $1,144,000 0.0
$572,001 - $858,000 0.5
$458,001 - $572,000 0.0
$343,001 - $458,000 0.0
$229,001 - $343,000 7.9
$114,001 - $229,000 34.1
$57,001 - $114,000 41.9
$0 - $57,000 14.4

High for NE
Average for Nation

Value Relative to Nation Value Relative to State
57.6262744638462 37.9487179487179

Number Of Homes And Apartments:
2,299

Ogallala 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
36.92% 1.84% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$720 / per month

Homeownership Rate

Homeownership
Owners 59.91
Renters 40.09
Vacant 3.52

Housing Market Details

 

Age of Homes

AGE OF Ogallala HOMES
2000 or Newer 3.2
1970 - 1999 32.4
1940 - 1969 44.8
1939 or Older 19.6

Types of Homes

TYPE OF Ogallala HOMES
Single-Family 76.4
Townhomes 1.3
Small Apt. Buildings 11.4
Apt. Complexes 5.0
Mobile Homes 5.8
Other 0.0

Home Size

SIZE OF Ogallala HOMES
No Bedroom 2.39
1 Bedroom 11.33
2 Bedrooms 29.58
3 Bedrooms 27.82
4 Bedrooms 21.70
5 or more bedrooms 7.18

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