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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 6,424 people, 2,892 houses or apartments, and a median cost of homes of $231,207, house prices in Ralston are solidly below the national average.
Single-family detached homes are the single most common housing type in Ralston, accounting for 58.95% of the city's housing units. Other types of housing that are prevalent in Ralston include large apartment complexes or high rise apartments ( 34.41%), row houses and other attached homes ( 5.75%).
The most prevalent building size and type in Ralston are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.80% owning and 43.20% 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. Ralston's housing was primarily built during this period, from the '40s through the '60s. A full 39.51% of the city's housing hails from this era. Other housing ages represented in Ralston include homes built between 1970-1999 ( 35.72%) and housing constructed between 2000 and later ( 19.05%). There's also some housing in Ralston built before 1939 ( 5.72%).
Appreciation rates for homes in Ralston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.84%, which ranks in the top 40% nationwide. This equates to an annual average Ralston house appreciation rate of 6.68%.
Appreciation rates are so strong in Ralston that despite a nationwide downturn in the housing market, Ralston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ralston appreciation rates continue to be some of the highest in America, at 7.03%, which is higher than appreciation rates in 74.95% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ralston. Ralston appreciation rates in the latest quarter were at -1.16%, which equates to an annual appreciation rate of -4.54%.
Notably, Ralston's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Nebraska, our data show that Ralston's latest annual appreciation rate is higher than 80% of the other cities and towns in Nebraska.
$231,207
for Nebraska
for nation
2,892
$1,586 / per month