Scottsbluff, NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Scottsbluff, 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

Scottsbluff Housing Market Information

With 14,802 people, 5,993 houses or apartments, and a median cost of homes of $100,269, 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 69.94% of the city's housing units. Other types of housing that are prevalent in Scottsbluff include large apartment complexes or high rise apartments ( 12.23%), duplexes, homes converted to apartments or other small apartment buildings ( 9.61%), and a few mobile homes or trailers ( 4.14%).

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 39.26% of the city's housing hails from this era. Other housing ages represented in Scottsbluff include homes built between 1970-1999 ( 32.08%) and housing constructed before 1939 ( 24.14%). There's also some housing in Scottsbluff built between 2000 and later ( 4.52%).

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 20.44% over the last ten years, which is an average annual home appreciation rate of 1.88%, 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.

Over the last year, Scottsbluff appreciation rates have trailed the rest of the nation. In the last twelve months, Scottsbluff's appreciation rate has been 0.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Scottsbluff were at 0.99%, which equates to an annual appreciation rate of 4.02%.

Relative to Nebraska, our data show that Scottsbluff's latest annual appreciation rate is lower 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 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:
$100,269

Scottsbluff, NE HOME PRICES

Value Range
> $1,078,000 0.2
$809,001 - $1,078,000 0.8
$539,001 - $809,000 1.4
$431,001 - $539,000 0.4
$323,001 - $431,000 2.3
$216,001 - $323,000 5.3
$108,001 - $216,000 31.7
$54,001 - $108,000 44.6
$0 - $54,000 13.2

Low for NE
Low for Nation

Value Relative to Nation Value Relative to State
77.4170866049455 71.7948717948718

Number Of Homes And Apartments:
5,993

Scottsbluff 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
49.26% 2.35% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$852 / per month

Homeownership Rate

Homeownership
Owners 55.37
Renters 44.63
Vacant 8.14

Housing Market Details

 

Age of Homes

AGE OF Scottsbluff HOMES
2000 or Newer 4.5
1970 - 1999 32.1
1940 - 1969 39.3
1939 or Older 24.1

Types of Homes

TYPE OF Scottsbluff HOMES
Single-Family 69.9
Townhomes 4.1
Small Apt. Buildings 9.6
Apt. Complexes 12.2
Mobile Homes 4.1
Other 0.0

Home Size

SIZE OF Scottsbluff HOMES
No Bedroom 1.75
1 Bedroom 12.52
2 Bedrooms 35.50
3 Bedrooms 30.64
4 Bedrooms 14.94
5 or more bedrooms 4.64

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Zip Codes in Scottsbluff, NE