Papillion, NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Papillion Neighborhoods Since 2000




Papillion, 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

Papillion Housing Market Information

With a population of 19,510, 7,443 total housing units (homes and apartments), and a median house value of $198,262, Papillion real estate is some of the most expensive in Nebraska, although Papillion home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Papillion, accounting for 72.39% of the city's housing units. Other types of housing that are prevalent in Papillion include large apartment complexes or high rise apartments ( 22.84%), duplexes, homes converted to apartments or other small apartment buildings ( 2.91%), and a few row houses and other attached homes ( 1.79%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Papillion. Owner-occupied housing accounts for 66.70% of Papillion's homes, and 63.99% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Papillion 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 Papillion built between 1940-1969 ( 15.75%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.69%). There's also some housing in Papillion built before 1939 ( 4.06%).

Papillion Home Appreciation Rates

Appreciation rates for homes in Papillion have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.86%, which ranks in the top 40% nationwide. This equates to an annual average Papillion house appreciation rate of 0.85%.

NeighborhoodScout's data show that during the latest twelve months, Papillion's appreciation rate, at 4.76%, has been at or slightly above the national average. In the latest quarter, Papillion's appreciation rate has been 1.69%, which annualizes to a rate of 6.94%.

Importantly, this makes Papillion one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Nebraska, our data show that Papillion'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 Papillion differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Papillion - 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 Papillion real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$198,262

Papillion, NE HOME PRICES

Value Range
> $1,112,000 0.1
$834,001 - $1,112,000 0.0
$556,001 - $834,000 0.8
$445,001 - $556,000 2.4
$334,001 - $445,000 8.0
$222,001 - $334,000 25.1
$111,001 - $222,000 57.0
$56,001 - $111,000 3.1
$0 - $56,000 3.6

Very High for NE
High for Nation

Value Relative to Nation Value Relative to State
32.7141685222079 8.71794871794872

Number Of Homes And Apartments:
7,443

Papillion 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
26.38% 1.37% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$953 / per month

Homeownership Rate

Homeownership
Owners 66.70
Renters 33.30
Vacant 1.55

Housing Market Details

 

Age of Homes

AGE OF Papillion HOMES
2000 or Newer 10.7
1970 - 1999 69.5
1940 - 1969 15.8
1939 or Older 4.1

Types of Homes

TYPE OF Papillion HOMES
Single-Family 72.4
Townhomes 1.8
Small Apt. Buildings 2.9
Apt. Complexes 22.8
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Papillion HOMES
No Bedroom 0.74
1 Bedroom 13.24
2 Bedrooms 16.85
3 Bedrooms 36.76
4 Bedrooms 27.24
5 or more bedrooms 5.17