Grand Island, NE

Appreciation rates for homes in Grand Island have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 26.67%, which ranks in the top 30% nationwide. This equates to an annual average Grand Island house appreciation rate of 2.39%.

Over the last year, Grand Island appreciation rates have trailed the rest of the nation. In the last twelve months, Grand Island’s appreciation rate has been 2.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout’s data show that house appreciation rates in Grand Island were at -0.96%, which equates to an annual appreciation rate of -3.80%.

Notably, Grand Island’s appreciation rate in the latest quarter is one of the lowest in America.

Relative to Nebraska, our data show that Grand Island’s latest annual appreciation rate is lower than 90% of the other cities and towns in Nebraska.

Population
50,550

Average Annual Home Appreciation Rate
-3.80%

Total # of Homes for Sale in this Market
180

Median Home Price
$117,611

Median Rent
$699 per room

Home Price Range
43.19%

Median Sales Price
$117,000

Number of "Troubled" homes(in some form of foreclosure)
30

Median Foreclosure Sales Price
Still gathering data

Foreclosure Discount
Still gathering data

Most Common Home Type
68.54% of homes are SINGLE FAMILY DETACHED

% of Vacant Homes
6.27%

% of Renters
38.80%

% of Owner Occupied
61.20%

People Living Below Poverty Level
14.95%

Unemployment Rate
2.70%

Is this area perfect for Real Estate deals going on right now?

When one looks at the success of real estate investors overall, you will find that many of them have found their success when investing in properties in areas such as Grand Island when the economy is down, and then benefiting from the recovery when it begins to move up, and the appreciation rates climb with the economic bounce back.