Ord, NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ord, NE Real Estate Data


Ord Housing Market Information

With 2,061 people, 1,052 houses or apartments, and a median cost of homes of $97,432, house prices in Ord are solidly below the national average.

Single-family detached homes are the single most common housing type in Ord, accounting for 81.53% of the city's housing units. Other types of housing that are prevalent in Ord include large apartment complexes or high rise apartments ( 6.74%), duplexes, homes converted to apartments or other small apartment buildings ( 6.24%), and a few mobile homes or trailers ( 5.07%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ord. Owner-occupied housing accounts for 66.63% of Ord's homes, and 51.66% have either three or four bedrooms, which is average sized relative to America.

The housing in Ord was primarily built before 1939 ( 36.52%), making the housing stock in Ord some of the oldest overall in America, although there is a range of ages of homes in Ord. The next most important housing age is between 1940-1969 ( 34.36%), followed by between 1970-1999 ( 24.54%). There's also some housing in Ord built between 2000 and later ( 4.58%).

Vacant housing appears to be an issue in Ord. Fully 12.48% of the housing stock is classified as vacant. Left unchecked, vacant Ord homes and apartments can be a drag on the real estate market, holding Ord real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Ord Home Appreciation Rates

In the last 10 years, Ord has experienced some of the highest home appreciation rates of any community in the nation. Ord real estate appreciated 31.95% over the last ten years, which is an average annual home appreciation rate of 2.81%, putting Ord in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ord 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, Ord's appreciation rate, at 5.55%, has been at or slightly above the national average. In the latest quarter, Ord's appreciation rate has been 1.93%, which annualizes to a rate of 7.96%.

Relative to Nebraska, our data show that Ord's latest annual appreciation rate is higher than 60% of the other cities and towns in Nebraska.

Average Home Values

 

Median Home Value:
$97,432

Ord, NE HOME PRICES

Value Range
> $1,241,000 0.0
$931,001 - $1,241,000 0.0
$621,001 - $931,000 0.0
$497,001 - $621,000 0.0
$373,001 - $497,000 0.0
$248,001 - $373,000 0.9
$124,001 - $248,000 32.7
$62,001 - $124,000 41.4
$0 - $62,000 25.0

Low for NE
Very Low for Nation

Value Relative to Nation Value Relative to State
80.4327457984424 76.4102564102564

Number Of Homes And Apartments:
1,052

Rent & Ownership

 

Average Market Rent:
$789 / per month

Homeownership Rate

Homeownership
Owners 66.63
Renters 33.37
Vacant 12.48

Housing Market Details

 

Age of Homes

AGE OF Ord HOMES
2000 or Newer 4.6
1970 - 1999 24.5
1940 - 1969 34.4
1939 or Older 36.5

Types of Homes

TYPE OF Ord HOMES
Single-Family 81.5
Townhomes 0.4
Small Apt. Buildings 6.2
Apt. Complexes 6.7
Mobile Homes 5.1
Other 0.0

Home Size

SIZE OF Ord HOMES
No Bedroom 0.00
1 Bedroom 13.48
2 Bedrooms 29.87
3 Bedrooms 32.95
4 Bedrooms 18.72
5 or more bedrooms 4.99

Ord 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
59.65% 2.79% 5 7
* 10 is highest

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