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 14,283, 6,159 total housing units (homes and apartments), and a median house value of $168,901, 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 66.55% of the city's housing units. Other types of housing that are prevalent in Scottsbluff include large apartment complexes or high rise apartments ( 14.59%), duplexes, homes converted to apartments or other small apartment buildings ( 10.69%), and a few mobile homes or trailers ( 4.68%).
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 38.53% of the city's housing hails from this era. Other housing ages represented in Scottsbluff include homes built between 1970-1999 ( 34.88%) and housing constructed before 1939 ( 17.90%). There's also some housing in Scottsbluff built between 2000 and later ( 8.69%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Scottsbluff, where house values have increased just 52.65%, which is annualized rate of 4.32%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Scottsbluff's appreciation rate, at 5.29%, has been at or slightly above the national average. In the latest quarter, Scottsbluff's appreciation rate has been 5.45%, which annualizes to a rate of 23.64%.
Importantly, this makes Scottsbluff 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 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.
$168,901
for Nebraska
for nation
6,159
$1,363 / per month