Papillion NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (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 20,530, 7,358 total housing units (homes and apartments), and a median house value of $213,212, 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 73.58% of the city's housing units. Other types of housing that are prevalent in Papillion include large apartment complexes or high rise apartments ( 21.83%), duplexes, homes converted to apartments or other small apartment buildings ( 2.67%), and a few row houses and other attached homes ( 1.77%).

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 66.61% of Papillion's homes, and 65.01% 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 ( 16.88%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.67%). There's also some housing in Papillion built before 1939 ( 4.24%).

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 31.65%, which ranks in the top 30% nationwide. This equates to an annual average Papillion house appreciation rate of 2.79%.

Appreciation rates are so strong in Papillion that despite a nationwide downturn in the housing market, Papillion real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Papillion appreciation rates continue to be some of the highest in America, at 5.46%, which is higher than appreciation rates in 77.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Papillion. Papillion appreciation rates in the latest quarter were at 2.73%, which equates to an annual appreciation rate of 11.36%.

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 higher than 90% 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:
$213,212

Papillion, NE HOME PRICES

Value Range
> $1,230,000 0.0
$922,001 - $1,230,000 0.1
$615,001 - $922,000 1.3
$492,001 - $615,000 2.4
$369,001 - $492,000 10.8
$246,001 - $369,000 26.9
$123,001 - $246,000 52.6
$62,001 - $123,000 2.6
$0 - $62,000 3.2

Very High for NE
High for Nation

Value Relative to Nation Value Relative to State
35.7897810218978 10.7142857142857

Number Of Homes And Apartments:
7,358

Papillion Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NE*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
47.28% 1.98%
1
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,067 / per month

Homeownership Rate

Homeownership
Owners 66.61
Renters 33.39
Vacant 2.22

Housing Market Details

 

Age of Homes

AGE OF Papillion HOMES
2000 or Newer 11.7
1970 - 1999 67.2
1940 - 1969 16.9
1939 or Older 4.2

Types of Homes

TYPE OF Papillion HOMES
Single-Family 73.6
Townhomes 1.8
Small Apt. Buildings 2.7
Apt. Complexes 21.8
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Papillion HOMES
No Bedroom 1.37
1 Bedroom 10.63
2 Bedrooms 16.81
3 Bedrooms 37.81
4 Bedrooms 27.20
5 or more bedrooms 6.18