Plattsmouth, NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Plattsmouth, 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

Plattsmouth Housing Market Information

With 6,462 people, 2,558 houses or apartments, and a median cost of homes of $133,257, house prices in Plattsmouth are solidly below the national average.

Single-family detached homes are the single most common housing type in Plattsmouth, accounting for 73.26% of the city's housing units. Other types of housing that are prevalent in Plattsmouth include large apartment complexes or high rise apartments ( 12.14%), duplexes, homes converted to apartments or other small apartment buildings ( 7.21%), and a few mobile homes or trailers ( 5.06%).

The most prevalent building size and type in Plattsmouth are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.57% owning and 36.43% renting.

There is a lot of housing in Plattsmouth 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 Plattsmouth built before 1939 ( 31.84%). A lesser amount of the housing stock also hails from between 1940-1969 ( 31.04%). There's also some housing in Plattsmouth built between 2000 and later ( 5.13%).

Vacant housing appears to be an issue in Plattsmouth. Fully 11.27% of the housing stock is classified as vacant. Left unchecked, vacant Plattsmouth homes and apartments can be a drag on the real estate market, holding Plattsmouth 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.

Plattsmouth Home Appreciation Rates

Appreciation rates for homes in Plattsmouth have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.91%, which ranks in the top 30% nationwide. This equates to an annual average Plattsmouth house appreciation rate of 0.95%.

Over the last year, Plattsmouth appreciation rates have trailed the rest of the nation. In the last twelve months, Plattsmouth's appreciation rate has been 2.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Plattsmouth were at 1.69%, which equates to an annual appreciation rate of 6.94%.

Importantly, this makes Plattsmouth 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 Plattsmouth's latest annual appreciation rate is lower than 90% of the other cities and towns in Nebraska.

Average Home Values

 

Median Home Value:
$133,257

Plattsmouth, NE HOME PRICES

Value Range
> $1,102,000 0.0
$826,001 - $1,102,000 0.0
$551,001 - $826,000 1.4
$441,001 - $551,000 1.0
$330,001 - $441,000 5.3
$220,001 - $330,000 10.5
$110,001 - $220,000 49.5
$55,001 - $110,000 27.6
$0 - $55,000 4.8

High for NE
Average for Nation

Value Relative to Nation Value Relative to State
58.14484940818 38.974358974359

Number Of Homes And Apartments:
2,558

Plattsmouth 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
23.54% 1.23% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$940 / per month

Homeownership Rate

Homeownership
Owners 63.57
Renters 36.43
Vacant 11.27

Housing Market Details

 

Age of Homes

AGE OF Plattsmouth HOMES
2000 or Newer 5.1
1970 - 1999 32.0
1940 - 1969 31.0
1939 or Older 31.8

Types of Homes

TYPE OF Plattsmouth HOMES
Single-Family 73.3
Townhomes 2.3
Small Apt. Buildings 7.2
Apt. Complexes 12.1
Mobile Homes 5.1
Other 0.0

Home Size

SIZE OF Plattsmouth HOMES
No Bedroom 4.68
1 Bedroom 12.21
2 Bedrooms 28.82
3 Bedrooms 31.36
4 Bedrooms 18.42
5 or more bedrooms 4.51

Popular Neighborhoods in Plattsmouth

Zip Codes in Plattsmouth, NE