Scottsbluff, NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Scottsbluff, NE Real Estate Data


Scottsbluff Housing Market Information

With 14,802 people, 6,028 houses or apartments, and a median cost of homes of $117,159, house prices in Scottsbluff are solidly below the national average.

Single-family detached homes are the single most common housing type in Scottsbluff, accounting for 69.58% of the city's housing units. Other types of housing that are prevalent in Scottsbluff include duplexes, homes converted to apartments or other small apartment buildings ( 11.47%), large apartment complexes or high rise apartments ( 11.24%), and a few mobile homes or trailers ( 3.95%).

People in Scottsbluff primarily live in small (one, two or no bedroom) single-family detached homes. Scottsbluff has a mixture of owner-occupied and renter-occupied housing.

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. Scottsbluff's housing was primarily built during this period, from the '40s through the '60s. A full 41.84% of the city's housing hails from this era. Other housing ages represented in Scottsbluff include homes built between 1970-1999 ( 29.35%) and housing constructed before 1939 ( 24.57%). There's also some housing in Scottsbluff built between 2000 and later ( 4.24%).

Scottsbluff Home Appreciation Rates

In the last 10 years, Scottsbluff has experienced some of the highest home appreciation rates of any community in the nation. Scottsbluff real estate appreciated 27.21% over the last ten years, which is an average annual home appreciation rate of 2.44%, putting Scottsbluff in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Scottsbluff 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, Scottsbluff's appreciation rate, at 5.04%, has been at or slightly above the national average. In the latest quarter, Scottsbluff's appreciation rate has been 1.93%, which annualizes to a rate of 7.96%.

Relative to Nebraska, our data show that Scottsbluff's latest annual appreciation rate is lower than 60% 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 Scottsbluff differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Scottsbluff - 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 Scottsbluff real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$117,159

Scottsbluff, NE HOME PRICES

Value Range
> $1,204,000 0.1
$903,001 - $1,204,000 0.5
$602,001 - $903,000 1.7
$482,001 - $602,000 0.1
$361,001 - $482,000 2.5
$241,001 - $361,000 4.0
$121,001 - $241,000 33.4
$60,001 - $121,000 39.5
$0 - $60,000 18.2

Average for NE
Low for Nation

Value Relative to Nation Value Relative to State
68.0096035603443 57.9487179487179

Number Of Homes And Apartments:
6,028

Rent & Ownership

 

Average Market Rent:
$900 / per month

Homeownership Rate

Homeownership
Owners 57.48
Renters 42.52
Vacant 9.41

Housing Market Details

 

Age of Homes

AGE OF Scottsbluff HOMES
2000 or Newer 4.2
1970 - 1999 29.4
1940 - 1969 41.8
1939 or Older 24.6

Types of Homes

TYPE OF Scottsbluff HOMES
Single-Family 69.6
Townhomes 3.8
Small Apt. Buildings 11.5
Apt. Complexes 11.2
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Scottsbluff HOMES
No Bedroom 1.92
1 Bedroom 12.08
2 Bedrooms 35.75
3 Bedrooms 29.68
4 Bedrooms 16.44
5 or more bedrooms 4.12

Scottsbluff 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
59.40% 2.78% 5 7
* 10 is highest

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Zip Codes in Scottsbluff, NE