Bennington, NE Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bennington, NE Housing Market Trends

With a population of 1,521, 759 total housing units (homes and apartments), and a median house value of $361,451, Bennington real estate is some of the most expensive in Nebraska, although Bennington home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Bennington, accounting for 72.24% of the city's housing units. Other types of housing that are prevalent in Bennington include large apartment complexes or high rise apartments ( 19.15%), duplexes, homes converted to apartments or other small apartment buildings ( 6.79%), and a few row houses and other attached homes ( 1.82%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bennington. Owner-occupied housing accounts for 65.88% of Bennington's homes, and 63.03% have either three or four bedrooms, which is average sized relative to America.

Bennington homes and real estate are some of the newest in America. 43.03% of Bennington's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Bennington real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.24%), and between 1940-1969 ( 14.18%). There's also some housing in Bennington built before 1939 ( 10.55%).

Bennington Home Appreciation Rates

Appreciation rates for homes in Bennington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 42.85%, which ranks in the top 40% nationwide. This equates to an annual average Bennington house appreciation rate of 3.63%.

Over the last year, Bennington appreciation rates have trailed the rest of the nation. In the last twelve months, Bennington's appreciation rate has been 4.57%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bennington were at 1.35%, which equates to an annual appreciation rate of 5.51%.

Relative to Nebraska, our data show that Bennington's latest annual appreciation rate is lower than 70% of the other cities and towns in Nebraska.

Average Home Values

 

Median Home Value:
$361,451

Bennington, NE HOME PRICES

> $1,188,000
4.0%
4.0%
$891,001 - $1,188,000
0.3%
0.3%
$594,001 - $891,000
3.5%
3.5%
$475,001 - $594,000
9.1%
9.1%
$356,001 - $475,000
22.6%
22.6%
$237,001 - $356,000
24.9%
24.9%
$119,001 - $237,000
32.0%
32.0%
$59,001 - $119,000
1.3%
1.3%
$0 - $59,000
2.3%
2.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for NE

Value Relative To Nation

Number Of Homes And Apartments:
759

Bennington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NE*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
57.26% 2.15%
1
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$474 / per month

Homeownership Rate

Owners
65.9%
65.9%
Renters
34.1%
34.1%
Vacant
8.0%
8.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
43.0%
43.0%
1970 - 1999
32.2%
32.2%
1940 - 1969
14.2%
14.2%
1939 or Older
10.5%
10.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
72.2%
72.2%
Townhomes
1.8%
1.8%
Small Apt. Buildings
6.8%
6.8%
Apt. Complexes
19.2%
19.2%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.3%
1.3%
1 Bedroom
14.8%
14.8%
2 Bedrooms
19.0%
19.0%
3 Bedrooms
37.0%
37.0%
4 Bedrooms
26.1%
26.1%
5 or more bedrooms
1.8%
1.8%
0.0% 100.0%
% OF HOMES