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 a population of 7,349, 2,850 total housing units (homes and apartments), and a median house value of $289,722, Nebraska City real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Nebraska City, accounting for 79.62% of the city's housing units. Other types of housing that are prevalent in Nebraska City include large apartment complexes or high rise apartments ( 8.20%), duplexes, homes converted to apartments or other small apartment buildings ( 6.39%), and a few mobile homes or trailers ( 4.04%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Nebraska City. Owner-occupied housing accounts for 66.41% of Nebraska City's homes, and 49.84% have either three or four bedrooms, which is average sized relative to America.
The housing in Nebraska City was primarily built before 1939 ( 32.90%), making the housing stock in Nebraska City some of the oldest overall in America, although there is a range of ages of homes in Nebraska City. The next most important housing age is between 1970-1999 ( 26.67%), followed by between 1940-1969 ( 26.64%). There's also some housing in Nebraska City built between 2000 and later ( 13.80%).
Real estate appreciation rates in Nebraska City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.92% during the period.
Appreciation rates are so strong in Nebraska City that despite a nationwide downturn in the housing market, Nebraska City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Nebraska City appreciation rates continue to be some of the highest in America, at 9.25%, which is higher than appreciation rates in 82.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Nebraska City. Nebraska City appreciation rates in the latest quarter were at 5.45%, which equates to an annual appreciation rate of 23.64%.
Importantly, this makes Nebraska City 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 Nebraska City's latest annual appreciation rate is higher than 90% of the other cities and towns in Nebraska.
$289,722
for Nebraska
for nation
2,850
$1,433 / per month